Large cap stock in focus after Cyrus Poonawalla bought shares worth ₹42.35 Cr in the company

Synopsis: Shares of Swiggy Ltd noted sharp movement in today’s trade as Cyrus Poonawalla, chairman and MD of the Serum Institute of India, acquired shares worth Rs 42.35 crore from his company.

The shares of one of India’s leading food aggregators are in focus after billionaire Cyrus Poonawalla bought a notable stake in the company. In this article, we will dive more into the highlights of this transaction.

With a market capitalisation of Rs 1,00,531 crore, the shares of Swiggy Ltd were trading at Rs 360.75 per share, down by 5 percent from its previous day’s closing price of Rs 378 per share. In the last one year, the stock has corrected by over 32 percent, as compared to NIFTY 50’s positive return of 11 percent.

About the news

In an open-market trade, billionaire Cyrus Soli Poonawalla purchased shares of food delivery platform Swiggy amounting to Rs 42.35 crore. According to NSE bulk deal records, Mr Poonawalla bought 11.23 lakhs shares at an average price of Rs 377 each from his firm, Serum Institute of India, where he holds the position of chairman and MD.

Despite the shares being interchanged from his company, Serum Institute of India, the transaction was probably an internal transfer rather than a fresh buying from the open market, which didn’t fetch such interest from the investors.

His acquisition follows closely behind Swiggy’s completion of its Rs 10,000 crore Qualified Institutional Placements (QIP), which was finalised last month. The QIP attracted significant investment interest from major homegrown mutual funds, including ICICI Prudential Mutual Fund, SBI Mutual Fund, and Aditya Birla Sun Life Mutual Fund, as well as from foreign institutional investors, including Temasek, Norway’s sovereign wealth fund, Vanguard, Capital Group, Nomura, and Goldman Sachs.

Financial and other highlights

Swiggy Ltd. has reported an operating revenue of Rs 5,561 crore in Q2 FY26, representing a 54 percent growth compared to Rs 3,601 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 12 percent from Rs 4,961 crore.

Regarding its profitability, it reported a net loss of Rs 1,092 crore in Q2 FY26, which widened compared to a loss of Rs 626 crore in Q2 FY25. However, on a quarter-on-quarter basis, it narrowed from a loss of Rs 1,197 crore. 

The company’s key metrics are also improving, as it reported a 17.2 percent growth in Monthly transacting users from 1.47 crore in Q2 FY25 to 1.72 crore in Q2 FY26. Additionally, Gross Order Value (GOV) reported a 18.8 percent growth from Rs 7,191 crore in Q2 FY25 to Rs 8,542 crore in Q2 FY26.

Coming to the quick commerce segment, the number of orders grew during the period, as it reported 10.1 crore orders in Q2 FY26, which is a growth of nearly 50 percent YoY. Additionally, its average order value (AOV) grew by 40 percent during the same period, reaching Rs 697 in Q2 FY26. 

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