Mumbai, March 12: Food delivery platform Swiggy continues to face profitability challenges despite its strong market presence, according to a Jefferies report on Wednesday. The brokerage firm has initiated coverage on Swiggy Limited with a 슬롯사이트˜Hold슬롯사이트� rating and a target price of Rs 400, citing concerns over the company슬롯사이트™s financial performance. Swiggy holds a 45 per cent share in India슬롯사이트™s online food delivery market, competing closely with Zomato. The company슬롯사이트™s food delivery business is expected to grow in the high-teens over the medium term, with an increase in margins.

Jefferies projects Swiggy슬롯사이트™s gross merchandise value (GMV) to reach $3.4 billion by the financial year 2025, with 72 per cent compound annual growth rate (CAGR) in EBITDA between FY25 and FY27. However, despite these growth expectations, 슬롯사이트œSwiggy슬롯사이트™s path to profitability remains uncertain슬롯사이트�, it added. One of the key concerns highlighted in the report is the financial performance of Swiggy슬롯사이트™s quick commerce segment, Instamart. The business has shown rapid expansion, reaching a GMV of $2 billion, 슬롯사이트œbut continues to operate at a loss슬롯사이트�. The Jefferies note expects these losses to persist through FY26, with improvements anticipated only by FY27.슬롯 머신 사이트 추천Indian Stock Market Today: Sensex Trades at 74,080, Nifty Surges 24 Points; Bharti Airtel Top Gainer.

The segment also faces intense competition from Zomato슬롯사이트™s Blinkit, Zepto, and major e-commerce players like Flipkart and Amazon, adding further pressure on Swiggy슬롯사이트™s margins. Apart from food delivery and quick commerce, Swiggy also operates in online dining and supply chain services, but these businesses remain relatively small. The company is expected to report negative EBITDA and free cash flow through FY27, raising concerns about its long-term financial stability.슬롯 머신 사이트 추천DoT Blocks 71,000 Illegal SIMs in Andhra Pradesh and Telangana To Combat Fraud, Urges Users To Report Suspicious Activities.

While Swiggy remains net cash positive in the medium term, Jefferies believes competition in quick commerce could impact its profitability further. Despite its dominant position in the hyperlocal market, Swiggy슬롯사이트™s financial struggles continue to be a key concern for investors. The note suggested that while the company has growth potential, profitability remains a major challenge amid rising competition and operational costs.

(The above story first appeared on LatestLY on Mar 12, 2025 02:02 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).