India, Oct. 13 -- Ahead of its financial disclosures for Q2 FY26, brokerage firm Motilal Oswal has slashed foodtech major Swiggy's price target (PT) by 2% to INR 550 while reiterating its 'Buy' rating. This still reflects a 26% upside from the company's previous close of INR 435.45.

In a report, Motilal Oswal said that Swiggy is entering a phase of profitability, supported by operating discipline and improving network efficiency. Further, it highlighted a combination of steady food delivery (FD) growth, rising Instamart average order value (AOV) and easing fixed-cost drag would increase the visibility of positive unit economics for the company.

It expects Swiggy to report an adjusted loss of INR 4,010 Cr in FY26, which will reduce to IN...