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Swiggy Share Price Set To Reach Rs 310, Anand Rathi Bullish
M
Moneycontrol•19-10-2026, 16:33
Swiggy Share Price Set To Reach Rs 310, Anand Rathi Bullish
- •Brokerage firm Anand Rathi has given a Buy rating on Swiggy shares with a target price of Rs 310.
- •Swiggy is shifting away from growth at any cost, focusing heavily on improving its contribution margins.
- •Instamart has gained regulatory approval to move towards a direct inventory-based model by Q3.
- •The company is expanding into non-grocery categories, which offer higher ticket sizes and better retail margins.
- •Despite recent weekly gains, Swiggy shares have faced significant downward pressure over the past year.
Key Questions Answered
Brokerage firm Anand Rathi has given Swiggy a Buy rating with a target price of ₹310, based on an estimated valuation of 30 times the FY28 adjusted EBITDA.
Swiggy's contribution margin has improved from a loss of about 5.6% in Q4FY25 to a break-even position by Q1FY27 by prioritizing contribution margins over unbridled growth.
Swiggy limited its foreign stake to 49.5%, which provided the necessary regulatory approval for Instamart to move toward a direct inventory-based model by Q3.
