Swiggy is one of India’s leading food delivery platforms, established in 2014 by Sriharsha Majety, Rahul Jaimini, and Nandan Reddy. The company is headquartered in Bangalore, Karnataka, India. It has multiplied to become a household name, serving millions of customers across hundreds of cities in India.
This article concerns share price targets for the next 10 to 15 years based on technical analysis, fundamental goals, and past performance. The estimated Swiggy share price target 2024 to 2030, and 2035 are shown below.
Overview
Name: Swiggy
Headquarters: Bangalore, Karnataka, India.
Founded: 2014
Industry: Food Industry
Table of Contents
Swiggy share price target 2024 to 2030 and 2035
Swiggy Share Price Targets are: 2024 – 425 to 505, 2025 – 489 to 610, 2026 – 658 to 754, 2027 – 952 to 1058, 2028 – 1128 to 1352, 2029 – 1447 to 1620, 2030 – 1785 to 2054 and price forecasted 4586 to 5100 by 2035.
| Year | First target | Second target |
| 2024 | 425 | 505 |
| 2025 | 489 | 610 |
| 2026 | 658 | 754 |
| 2027 | 952 | 1058 |
| 2028 | 1128 | 1352 |
| 2029 | 1447 | 1620 |
| 2030 | 1785 | 2054 |
| 2035 | 4586 | 5100 |
Swiggy Financials
| Particulars (₹ cr) | Q2FY24 | Q1FY24 | Q2FY23 | Q-o-Q | Y-o-Y |
| Total revenue | 3686.26 | 3310.11 | 2850.52 | 11.36% | 29.31% |
| Gross Profit | -623.41 | -597.93 | -656.71 | 0.042% | -0.05% |
| Expense | 4309.54 | 3907.95 | 3506.62 | 10.27% | 22.89% |
| Profit Growth (PAT) | 625.53 | 611 | 657 | 2.37% | -4.79% |
| Particulars (₹ cr) | 2021 | 2022 | 2023 | 2024 | CAGR |
| Total revenue | 2675.9 | 6119.8 | 8714.45 | 11634.39 | 63.21% |
| Gross Profit | -1463.5 | -3454.7 | -4170.04 | -2319.6 | -0.47% |
| Expense | 4139.4 | 9574.5 | 12884.39 | 13947.38 | 49.91% |
| Profit Growth (PAT) | -1616.9 | -3628.9 | -4179.3 | -2350.2 | -0.52% |
Swiggy Shareholdings
Swiggy share price target 2024
The NSE listed Swiggy under SWIGGY as of November 13, 2024. The company’s closing share price as of November 29, 2024, was 470.50. It is not a fixed share price; it fluctuates every second in the open market.
Swiggy share price target 2024 is 425 as the first target and 505 as the second target
| Month | First target | Second target |
| November | 422 | 465 |
| December | 425 | 505 |
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Swiggy share price target 2025
Swiggy manages the connection between customers and delivery executives. It allows customers to order food and pay online using its platform. The company also provides attractive offers and discounts for its customers and arranges food delivery service to their doorsteps by delivery executives.
Swiggy forecasted share value for the beginning of 2025 is 489. The semi-annual price forecast may rise to 505 in a positive market sentiment. The price at the end of the year is forecast at 610.
| Month | First target | Second target |
| January | 455 | 460 |
| May | 505 | 508 |
| September | 510 | 540 |
| December | 588 | 610 |
Swiggy share price target 2026
Swiggy initial forecasted share value for the beginning of 2026 is 658. The semi-annual price forecast may rise to 700 in a positive market sentiment. The price at the end of the year is forecast at 754.
| Month | First target | Second target |
| January | 545 | 555 |
| May | 580 | 593 |
| September | 658 | 700 |
| December | 725 | 754 |
Swiggy share price target 2027
Revenue has grown by 33.50% YoY, and expenses increased by 8.25%. The company booked loss in standalone profit growth(PAT) of Rs. -2350.2 crore in the financial year 2024 compared to -4170.04 crore in the financial year 2023. Overall, the financials are not that much attractive. Looking at these highlights, we assume the Swiggy share price target for 2027 is 952 at the beginning, 1005 at the middle of the year, and 1054 at the end of the year.
| Month | First target | Second target |
| January | 780 | 805 |
| May | 845 | 890 |
| September | 952 | 1005 |
| December | 1033 | 1054 |
Swiggy share price target 2028
Swiggy share price target 2028 is 1128 at the start of the financial year. The price was forecast at 1280 in the middle of the year with some price consolidation for some months, and the projected share price is 1352 at the end of the year.
| Month | First target | Second target |
| January | 1083 | 1095 |
| May | 1120 | 1128 |
| September | 1185 | 1280 |
| December | 1310 | 1352 |
Swiggy share price target 2029
Swiggy share price target 2029 is expected to reach 1447 to 1620, with some consolidation zones. The initial forecasted share value for the beginning of the year is 1447. The semi-annual price forecast may rise to 1563 in a positive market sentiment. The price at the end of 2029 is forecast at 1600 to 1620.
| Month | First target | Second target |
| January | 1380 | 1393 |
| May | 1410 | 1447 |
| September | 1526 | 1563 |
| December | 1600 | 1620 |
Swiggy share price target 2030
The initial price target of Swiggy is 1785 at the beginning of the year 2030. The half-yearly price forecast can rise to 1925 in a positive market situation. The price at the end of the year is forecast to 2054.
| Month | First target | Second target |
| January | 1655 | 1683 |
| May | 1720 | 1785 |
| September | 1865 | 1925 |
| December | 2030 | 2054 |
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Swiggy share price target 2035
Depending on company economics and sector demand and supply with a favorable trend pattern, we may assume the target price of Swiggy share price target 2035 to be 4586 at the beginning of the year, 4852 at the middle of the year, and 5100 at the end of the financial year.
Factors Fueling Swiggy’s Continued Growth
- Data and Technology-Driven Progress
- AI and Machine Learning – Swiggy utilizes AI and ML to optimize routes, predict preferences, and enhance user experience, improving satisfaction, saving time, and lowering costs for higher retention.
- Enhancing Restaurant Ties and Service Portfolio
- Swiggy Instamart – Instamart’s launch caters to India’s rising online grocery demand, boosting Swiggy’s e-commerce presence.
- Swiggy Genie – Swiggy’s expansion to deliver non-food items diversifies services, attracting more customers and boosting long-term growth.
- User Behavior change and increased internet access
- India, as a developing country, has seen a rapid increase in smartphone users and internet access. Individuals are highly moving towards online food delivery sources like Swiggy. In a busy urban lifestyle people prefer convenient food delivery services, and this benefited Swiggy to grow in the future.
Key points to consider
Though the company has less debt and debt to equity ratio is 0.1, promotors have very less holding in company and it shown negative profit growth in past few years with low ROE, ROCE.
What is Swiggy?
Swiggy is a online food delivery service providing company, incorporated in 2014 by Sriharsha Majety, Rahul Jaimini, and Nandan Reddy in Bangalore, Karnataka, India.
What is Swiggy share price target for 2024?
Swiggy share price target 2024 is 425 as the first target and 505 as the second target.
What is Swiggy share price target for 2025?
Swiggy share price target 2025 is 489 as the first target and 610 as the second target.
Swiggy Industries Ltd. official website
Conclusion
This article presents Swiggy share price targets for 2024 to 2030 and 2035. These targets are mentioned based on the company’s fundamental records, including its cash flow, profit margin, debt statements, revenue, and earnings. and based on market trends, economic data, sector performance, market news, company new launches, etc. Forecasted prices may differ in the future as they are not guaranteed numbers depending on market news, corporate announcements such as stock splits, bonus shares, offers for sale, dividends, and global market fluctuations.
Investors aiming to take advantage of Swiggy’s possibilities will have to monitor the organization’s developing business tactics, technological progress, and market situations in the upcoming years.
This format focuses on Swiggy’s share price target and long-term growth expectations, helping readers understand the factors influencing the stock from 2024 to 2030. Investing and trading in financial markets carries considerable risks, including possibly losing principal. Previous performance does not guarantee future outcomes, and market conditions may shift quickly. Consider it a proposed level of guidance and not a recommendation. The stock market has high risk and unpredictable moves; invest with your risk appetite and a well-researched advisory.