Jefferies retains Swiggy Buy, sees ~44% upside on profitability path
Jefferies set a ₹415 target for Swiggy, citing contribution-margin break-even and a path to profitability. The brokerage expects reinvestment to keep near-term margins flat to 100 bps lower, with estimates under review after the August 6 analyst meeting.
Jefferies retained its Buy rating on Swiggy with a Rs 415 target, citing contribution-margin break-even and a path toward profitability. It expects Swiggy to reinvest, keeping near-term margins flat to negative 100 basis points, and will revisit estimates after the August 6 analyst meeting.
Why this matters
The call follows signals of rising mutual-fund ownership in Swiggy and its push for new users through budget food-delivery formats, shifting attention toward execution and profitability.
Retail-company signals are accelerating, up 225383% QoQ.