Consumer Discretionary (Q1FY26 Results Preview): Q1FY26–a mixed bag
Our discretionary universe is set for a mixed performance in Q1FY26, with overall revenue projected to grow by ~18% YoY in Q1FY26, driven by a few...
490 Views
Consumer Discretionary (Q4FY25 Results Preview): Q4FY25–a mixed bag
Our discretionary universe’s performance continues to be a mixed bag. Our coverage is expected to grow by ~16% YoY in Q4FY25, driven by a few outliers
597 Views
Swiggy: Value Emerging, Upgrade to BUY
Swiggy’s food delivery (FD) print was largely in line (MTUs at 15.1mn vs HSIE’s 15.2mn, gross revenue up 19.7% at INR18.67bn vs HSIE’s INR18.5bn,...
275 Views
Swiggy - Competition and Expansion Plans to Drag QC Profits
Overall, Swiggy reported a net loss of INR8b, marking a 39% YoY increase. For 4QFY25, we expect revenue/adj. EBITDA loss to increase 7.0%/14.5% QoQ.
250 Views
Swiggy - Gains Share in Food Delivery; QC Losses Grow Higher than Expected
In FD, we estimate Swiggy to have gained market share of ~30bps on GOV basis and ~50bps on MTU basis. This is broadly in line with our survey...
474 Views