Outcome of Board Meeting held on May 09, 2025
As filed · Swiggy Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
What happened
FactSwiggy Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025. (formerly known as “Swiggy Private Limited” and “Bundl Technologies Private Limited”) | CIN: L74110KA2013PLC096530. PJ Towers, Dalal Street.
Why it matters
CapitSignal interpretationReported results are the point at which prior management commitments become checkable against audited or reviewed numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
RevisedWe expect to cross 10,000 Cr annualized GOV run-rate over the next 2 years with an annualised Adjusted EBITDA pool of ~500 Cr.
We expect to hit overall Adjusted EBITDA break-even at a scale of ~ INR 60,000 Cr of run rate annualised NOV (25-30 Cr orders per quarter from the current rate of 11.5 Cr per quarter) with 5-6% Contribution margin equating to INR ~30 per order.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Margin trend against the prior period
- Cash from operations against reported profit
- Whether prior guidance is reaffirmed
- It also shared that it has set a goal to facilitate 100% of our restaurant partners to transition to responsib (management committed by FY30)
- Swiggy announced a goal of transitioning to a 100% electric vehicle (EV) delivery fleet by 2030. (management committed by FY30)
Evidence
- Swiggy Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- RESULTS base 68; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%