Hyundai Motor India and Swiggy Project Strong Earnings Growth Through 2027‑31

Hyundai Motor India reported a mixed first‑quarter FY27 performance. Revenue slipped marginally to ₹163.3 billion, while wholesale volumes fell 1 % year‑on‑year, a decline the company linked to a fire at a supplier. EBITDA margin dropped to 9.3 % (down 410 basis points YoY) and net profit fell 35 % to ₹8.9 billion. ICICI Securities kept a Buy rating, trimming the target price to ₹2,450 per share, still indicating about 21 % upside from the current ₹2,018 level and reaffirming FY27 margin and volume guidance.

Swiggy announced an ambitious profitability target, aiming for adjusted EBITDA of roughly ₹10,000 crore by FY31. The food‑delivery and quick‑commerce platform expects its gross order value to rise to about ₹2.5 lakh crore, more than three‑fold its FY26 level, driven by a 30 %+ CAGR. CEO Sriharsha Majety highlighted growth in both the core food‑delivery business and the Dineout out‑of‑home segment, which posted its first full year of positive adjusted EBITDA in FY26. Swiggy also raised its foreign‑shareholding cap to 49.5 % ahead of its upcoming AGM.