SWIGGY : Guidance - Concall Update
Management noted that financial guidance and pro forma information are estimates based on assumptions and not subject to audit.
Quick commerce has a medium-term guidance of INR1 trillion GOV in 3.5 to 5 years, implying a 35-50% CAGR.
Food delivery has a medium-term growth guidance of 18-20% and a steady-state EBITDA margin of 5%.
The company expects to achieve quick commerce contribution margin breakeven in the current quarter, improving by 5.5 percentage points year-over-year. CapEx is expected to significantly decrease.
Store additions are not necessary for the next few quarters due to current utilization, and healthy MTU growth is expected in two quarters after churn.
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