Swiggy Ltd

AGM Details

• AGM held on Aug 18, 2026, 3:00–4:10 PM IST via VC/OAVM
• Mode: Video Conference / Other Audio-Visual Means
• Record/cut-off date: Aug 11, 2026
• Remote e-voting window: Aug 14–17, 2026; live webcast available

Key resolutions

• Ordinary—adoption of standalone financial statements, Directors' Report, and Auditors' Report
• Ordinary—adoption of consolidated financial statements and Auditors' Report
• Ordinary—appointment of Ashutosh Sharma, retiring by rotation
• Ordinary—re-classification of authorized share capital and MOA Clause V
• Special—cap of upto 49.50% on aggregate foreign ownership
• Special—deletion of certain provisions of Articles of Association
• Special—alteration of Articles of Association

Voting results

• All resolutions passed with requisite majority
• No material dissent reported

Director changes

• Reappointment by rotation of director: Ashutosh Sharma

Auditor appointments

• No auditor appointments or changes announced

Related party transactions

• No material related party transactions disclosed

Other material approvals

• Cap on foreign ownership approved up to 49.50%
• Alteration of Articles of Association approved
• Deletion of certain provisions of Articles of Association approved

Business Overview

• Swiggy operates Food Delivery, Instamart, and Dineout OOH in India.
• Strategic focus on Instamart scale, OOH profitability, and Toing affordability.
• Three core businesses form Swiggy's revenue engine; ~150M+ acquired users.

Operational Highlights

• FY26 GOV by segment: Food Delivery 34,593 Cr; Instamart 28,496 Cr; OOH 4,645 Cr.
• Total GOV: ₹67,734 Cr; Adj EBITDA: ₹-2,483 Cr.
• Instamart CM improved 5.4 pp in six quarters.
• Instamart added 46+ categories and 380+ SKUs.
• Toing launched Sep-2025; present in 50 cities.
• Instamart target: ₹1.5+ Lakh Cr GOV by 2031; 40+ mn users.
• Dineout OOH to deliver INR 1,000 Cr Adj EBITDA by FY31.

Financial Performance

• FY26 Adj EBITDA margin: -3.7% overall.
• Food Delivery Adj EBITDA: ₹1,001 Cr; margins improving.
• Quick Commerce Adj EBITDA: ₹-3,512 Cr; investment-heavy.
• Path to profitability: EBITDA breakeven at 2.5x scale; 4pp CM improvement.
• FY31 GOV target: INR 2,50,000 Cr; Adj EBITDA ~₹10,000 Cr.
• Capex per store: ₹2.2-2.5 Cr; asset turns 10.5-12x.
• Balance sheet: ₹14.4K Cr cash; debt-free.

Capital Structure & Liquidity

• Domestic institutional backing; majority domestic shareholding.
• No debt; ample liquidity.

Strategic Outlook & Growth

• Instamart to be INR 1.5+ Lakh Cr GOV by 2031.
• GOV CAGR target: 30%+ through 2031.
• QC market to US$65-70B by 2030-31; 40-45% CAGR.
• Switch/No!ce/Nectr expand exclusive and own-brand assortments.
• AI-driven engines: Guru copilot and SAGE to accelerate decisions.
• IOCC pilot to unlock direct inventory ownership.

Risks & Mitigation

• FY26 Adj EBITDA negative due to investments; profitability depends on scale and CM.
• CM improvements and faster onboarding are key mitigations.

Governance & Leadership

• CEO Sriharsha Majety and CFO Rahul Bothra lead Swiggy.
• Other key executives include CGO Phani Addepalli and CTO Rohit Kapoor.

Resignation of Instamart CEO

• Amitesh Kumar Jha resigns as Instamart CEO and ceases SMP, effective July 28, 2026, to pursue other opportunities.

Appointment of Instamart CEO

• Nandita Sinha appointed CEO – Instamart, categorized as SMP from August 3, 2026.
• Profile: ex-Myntra CEO with over 20 years in consumer internet, including Flipkart, Britannia, HUL.
• Reason: to lead Instamart's next phase of growth.

Meeting Details

• Date and time: July 30, 2026, 17:00–18:00 IST.
• Type and mode: virtual group earnings conference call with analysts and investors.
• Event/organiser: Swiggy Limited Q1FY27 Earnings Conference Call.
• Purpose: discuss Swiggy's Q1 FY27 financial results.
• Participants: Swiggy Limited management.
• Availability: details and webcast on Swiggy's investor relations site.

Meeting Details

• Date: July 30, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated quarterly results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026; reopens 48 hours after dissemination of results.