Swiggy is India’s leading online food delivery and quick commerce platform, connecting millions of customers with their favorite restaurants and essential services. Known for its fast delivery, wide restaurant network, and customer-friendly interface, Swiggy has revolutionized the way India eats and shops. With a focus on convenience, innovation, and customer satisfaction, Swiggy has become a household name in the Indian food and grocery delivery space. As of December 12, 2024, the Swiggy share price on the NSE is ₹511. Below are the projected Swiggy share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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Swiggy Company Overview
Founded in 2014 and headquartered in Bangalore, Swiggy started as an online food delivery service and quickly expanded to include multiple offerings such as Swiggy Instamart, a quick grocery delivery service, and Swiggy Genie, a pickup and drop-off service. The platform partners with over 200,000 restaurants and operates in more than 500 cities across India, offering an extensive selection of cuisines and meal options.
| Company type | Public |
| Traded as | NSE: SWIGGY BSE: 544289 |
| ISIN | INE00H001014 |
| Industry | Online food ordering Q-commerce |
| Founded | August 2014; 10 years ago |
| Founders | Sriharsha Majety Nandan Reddy Rahul Jaimini |
| Headquarters | Bangalore, Karnataka, India |
| Area served | 580+ cSwiggyes across India |
| Key people | Sriharsha Majety (CEO) Rohit Kapoor (CEO – Food) Phani Kishan Addepalli (CEO – Instamart) Rahul Bothra (CFO) Madhusudhan Rao (CTO) |
| Services | Food delivery Online grocery Courier |
| Revenue | ₹11,247 crore(US$1.3 billion) (FY24) |
| Net income | ₹−2,350 crore (US$−280 million) (FY24) |
| Owners | Prosus (30.95%) Softbank (7.75%) Sriharsha Majety (6.23%) Accel (6.08%) |
| Number of employees | 6,000 (2023) |
| Subsidiaries | InsanelyGood Dineout |
| Website | www.swiggy.com |
Swiggy share Price Target 2025-2040 Forecast
| Year | Year High Target | Year Low Target |
| 2024 | ₹570 | ₹390 |
| 2025 | ₹710 | ₹420 |
| 2026 | ₹830 | ₹510 |
| 2027 | ₹950 | ₹640 |
| 2028 | ₹1040 | ₹760 |
| 2029 | ₹1190 | ₹850 |
| 2030 | ₹1300 | ₹950 |
| 2035 | ₹2,150 | ₹1,200 |
| 2040 | ₹3,200 | ₹2,050 |
Technical Analysis for Swiggy Limited
Swiggy Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | 620 | 710 |
Swiggy, one of India’s leading food delivery and hyperlocal service platforms, is well-positioned for significant growth in 2025. Its consistent efforts to diversify offerings, improve operational efficiency, and enhance customer experience are likely to drive revenue and market share. For 2025, our analysis projects a first target share price of ₹620, with a second target reaching ₹710 by the year-end.
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Swiggy Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | 770 | 830 |
In 2026, Swiggy is expected to capitalize on the growing adoption of online food delivery and its foray into grocery and quick-commerce services. Its robust expansion strategy and technological advancements will likely sustain its growth momentum. The first target share price for 2026 is estimated at ₹770, with a second target of ₹830, reflecting strong investor confidence and a growing customer base.
Swiggy Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | 900 | 950 |
By 2027, Swiggy continued focus on scaling its operations and enhancing its supply chain efficiency could further bolster its financial performance. As the company strengthens its position in both urban and semi-urban markets, the first target share price is projected at ₹900, with a second target of ₹950, signaling sustained growth and profitability.
Swiggy Share Price Target 2028
| Year | 1st Target | 2nd Target |
| 2028 | 1000 | 1040 |
Swiggy is expected to achieve significant milestones by 2028, leveraging its diversified service offerings and growing investments in technology. Its ability to adapt to market dynamics and customer preferences is likely to ensure steady growth. The first target share price for 2028 is forecasted at ₹1000, with a second target of ₹1040, highlighting its market dominance.
Swiggy Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | 1110 | 1190 |
In 2029, Swiggy continuous innovation, expansion into new categories, and focus on customer loyalty programs could further strengthen its market position. The first target share price is anticipated to be ₹1110, with a second target of ₹1190, reflecting the company’s ability to sustain growth in a competitive market.
Swiggy Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | 1250 | 1300 |
Looking toward 2030, Swiggy is set to solidify its leadership in the online food delivery and hyperlocal service sectors. With a robust ecosystem and a growing number of strategic partnerships, the first target share price is projected at ₹1250, with a second target of ₹1300, showcasing long-term growth potential.
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Swiggy Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | 1900 | 2150 |
By 2035, Swiggy is expected to become a dominant player in India’s digital commerce ecosystem, with a strong foothold across multiple categories. The company’s focus on innovation and customer-centric solutions will likely translate into significant market valuation. The first target share price is estimated at ₹1900, with a second target of ₹2150, highlighting its potential as a long-term investment.
Swiggy Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | 2850 | 3,200 |
Over the long term, Swiggy ability to innovate and lead in the online services space is expected to drive exponential growth by 2040. With continued expansion into new markets and verticals, the first target share price is projected at ₹2850, with a second target of ₹3200, underscoring its sustained growth trajectory and market leadership.
Swiggy Limited Fundamentals
| Parameter | Value |
| Market Cap | ₹1,21,671Cr |
| P/E Ratio (TTM) | -51.77 |
| P/B Ratio | 0.00 |
| Industry P/E | 191.73 |
| Debt to Equity | 0.15 |
| ROE | -50.87% |
| EPS (TTM) | -10.50 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹576 |
| 52 Week Low | ₹391 |
| Book Value | -13.73 |
| Face Value | 1 |
Swiggy Limited Financial Results
| All in ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 2,547 | 5,705 | 8,265 | 11,247 |
| Expenses | 3,843 | 9,355 | 12,538 | 13,447 |
| Operating Profit | -1,296 | -3,650 | -4,273 | -2,199 |
| OPM % | -51% | -64% | -52% | -20% |
| Other Income | -19 | 239 | 438 | 341 |
| Interest | 75 | 48 | 58 | 71 |
| Depreciation | 221 | 170 | 286 | 421 |
| Profit before tax | -1,612 | -3,629 | -4,179 | -2,350 |
| Tax % | 0% | 0% | 0% | 0% |
| Net Profit | -1,617 | -3,629 | -4,179 | -2,350 |
| EPS in Rs | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% |
Swiggy Limited Balance Sheet
| All in ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 0.01 | 0.86 | 3 | 3 | 10 |
| Reserves | 1,736 | -3,296 | -6,509 | -7,785 | 7,071 |
| Borrowings | 93 | 16,071 | 16,162 | 16,437 | 1,044 |
| Other Liabilities | 1,086 | 1,637 | 1,624 | 1,874 | 2,305 |
| Total Liabilities | 2,915 | 14,412 | 11,281 | 10,529 | 10,430 |
| Fixed Assets | 747 | 801 | 1,505 | 2,041 | 2,222 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 925 | 10,348 | 6,541 | 5,171 | 4,640 |
| Other Assets | 1,243 | 3,263 | 3,235 | 3,317 | 3,568 |
| Total Assets | 2,915 | 14,412 | 11,281 | 10,529 | 10,430 |
Swiggy Limited Shareholding Pattern
| Nov 2024 | |
| FIIs | 5.22% |
| DIIs | 8.11% |
| Public | 86.66% |
| No. of Shareholders | 5,69,765 |
Swiggy Limited Peer comparison
| Name | P/E | Mar Cap₹Cr. | Div Yld% | NP Qtr₹Cr. | ROCE% |
| Zomato Ltd | 378.91 | 281162.31 | 0.00 | 176.00 | 1.14 |
| Swiggy | 116180.26 | 0.00 | -625.53 | -24.39 | |
| Info Edg.(India) | 229.51 | 111014.81 | 0.26 | 84.74 | 3.65 |
| One 97 | 61357.20 | 0.00 | 930.00 | -8.50 | |
| Indiamart Inter. | 33.23 | 14299.65 | 0.84 | 135.10 | 23.93 |
| Just Dial | 29.35 | 9143.62 | 0.00 | 154.07 | 4.81 |
| One Mobikwik | 154.27 | 2167.45 | -6.62 | 8.96 |
FAQs
Q.1. How can I contact Swiggy for customer support?
Support Help Center: Accessible through the Swiggy app or website.
Q.2. Who is the CEO of Swiggy?
Ans:- Sriharsha Majety is the CEO and co-founder of Swiggy, one of India’s leading food delivery and quick-commerce platforms. Majety has led Swiggy since its inception in 2014, steering the company through significant growth and innovation.
Q.3. What is the Swiggy share price target for 2025?
Ans:- Swiggy share price is expected to reach ₹620 for the first target and ₹710 for the second target. This shows Swiggy steady growth as it expands its food delivery and other services.
Q.4. What is the Swiggy share price target for 2026?
Ans:- In 2026, the price may rise to ₹770 for the first target and ₹830 for the second target as Swiggy attracts more users and improves its platform.
Q.5. What is the Swiggy share price target for 2027?
Ans:- By 2027, Swiggy share price could grow to ₹900 for the first target and ₹950 for the second target, thanks to better customer service and more partnerships.
Q.6. What is the Swiggy Ltd share price target for 2028?
Ans:- In 2028, the share price might increase further to ₹1000 for the first target and ₹1040 for the second target, reflecting Swiggy strong position in the food delivery market.
Q.7. What is the Swiggy share price target for 2029?
Ans:- By 2029, Swiggy price may reach ₹1110 for the first target and ₹1190 for the second target as it diversifies into more services like quick grocery delivery.
Q.8. What is the Swiggy share price target for 2030?
Ans:- In 2030, the share price could grow to ₹1250 for the first target and ₹1300 for the second target as Swiggy becomes more profitable and scales its operations.
Q.9. What is the Swiggy share price target for 2035?
Ans:- By 2035, Swiggy share price might jump to ₹1900 for the first target and ₹2150 for the second target, indicating its potential to dominate the Indian market.
Q.10. What is the Swiggy share price target for 2040?
Ans:- In the long term, by 2040, the share price could reach ₹2850 for the first target and ₹3200 for the second target, as Swiggy becomes a global leader in the food-tech space.
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