Jefferies sticks with Swiggy Buy at Rs 415, sees 49% upside as food delivery GOV grows 23%
Swiggy tops a list of 10 brokerage Buy calls projecting 15-49% returns, with Jefferies citing Q4FY26 food delivery GOV growth of 23% YoY and adjusted EBITDA margin of 3.3% of GOV — even as quick commerce profitability remains a drag on the consolidated story.
What happened
Brokerages issued fresh Buy calls on 10 stocks projecting 15-49% upside. Jefferies retained Buy on Swiggy at Rs 415 (49% upside) as Q4FY26 food delivery GOV
Key facts
- Swiggy target Rs 415 (49% upside)
- Swiggy food delivery GOV +23% YoY Q4FY26
- Swiggy adjusted EBITDA margin 3.3% of GOV
- DLF target Rs 722 (~24% upside)
- DLF Q4FY26 pre-sales Rs 3,970 cr +95% YoY
- Grasim target Rs 3,440 (~15% upside)
Why this matters
A consolidated story dragged by quick commerce while food delivery scales cleanly is the textbook setup for partnership, carve-out, or capital-light QC structures worth scoping now.