Swiggy Gets A 'Neutral' Rating As Motilal Oswal Initiates Coverage

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Swiggy Ltd.’s unified platform has become essential for urban consumers, covering everything from food delivery to grocery needs in one app. Leveraging a unique blend of convenience, high-frequency offerings, and user stickiness, Swiggy stands out in the competitive landscape. While Zomato currently holds the lead in food delivery and quick commerce businesses, Swiggy’s all-in-one app strategy enables strong cross-utilization across services and better operational efficiency. We believe quick commerce is a once-in-a-lifetime opportunity to disrupt how Indian consumers shop for not just groceries but a variety of essential and nonessential goods, and Swiggy could be a top three player in an exponentially growing market. Current numbers, however, suggest that despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away. Tight execution and better leveraging its platform can fix these issues, in our opinion, though. Overall, Swiggy is well-positioned to capitalize on this growth by expanding its customer base, increasing the order volumes and values, and improving its unit economics and profitability. We initiate coverage with a Neutral rating and a target price of Rs 475..Click on the attachment to read the full report:.NTPC Green Energy IPO - Should You Subscribe? Read Geojit's Analysis.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Swiggy Gets A 'Neutral' Rating As Motilal Oswal Initiates Coverage

Innovator DNA is crucial to success, but execution remains key, says the brokerage.

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Swiggy Gets A 'Neutral' Rating As Motilal Oswal Initiates Coverage

Innovator DNA is crucial to success, but execution remains key, says the brokerage.

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