Emkay Global Financial recommends buying Swiggy, sets Rs 310 target

Emkay said Swiggy’s 2QFY27 performance was broadly in line with expectations, citing 13.4% quarter-on-quarter growth in quick-commerce NOV and 17.7% year-on-year growth in food-delivery GOV. Food-delivery adjusted EBITDA rose 41.8% year on year to Rs3.41bn.