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🍕 Food
Aggregators extend into instant commerce and premium dining to expand the TAM.
Compare by year & quarter — Q3 2026 (Projection)
Executive Summary
Food delivery is exiting the discount wars. Zomato and Swiggy now compete on execution, premium segments and capital efficiency. The next catalyst is margin delivery: contribution margin turned positive for both, and profitability is now the headline metric investors demand.
Consensus temperature
61° · CONSENSUS BULLSingle source of truth — mirrors the Q3 2026 tracker snapshot.Dashboard
Core metrics tracked each quarter, with historical trend.
Gross Order Value
Composition
How the sector splits across segments, with share and growth.
Key players
Peer Benchmarking
A standardised view of the leading players across the sector.
| Rank | Player | Value | Trend |
|---|---|---|---|
| 1 | Zomato | ~55% | ↑ gaining |
| 2 | Swiggy | ~42% | → stable |
| 3 |
Thematic Analysis
The forces shaping the sector over the next 12 months.
Both majors now contribution-positive on the back of take-rate discipline and ads.
Advertisement income is becoming a material share of platform revenue.
Higher-ticket segments and dining rewards drive ASP growth.
Aggregators extend delivery into instant commerce, expanding TAM.
Policy & Risk
Key policy and regulatory milestones relevant to the sector.
Timeline: Under review
Wage and working-condition guidelines for gig delivery partners.
Timeline: Ongoing
Mandatory hygiene rating display for listed restaurants.
Timeline: Q4 2026
Disclosure norms on delivery and platform fees.
Strategic Assessment
A balanced view of internal strengths and external factors.
Forecast
Projected market trajectory to 2027 (CAGR 16%).
Market size projection
₹45,000 Cr
Key drivers
Key risks
Pro Access
Proprietary profitability metrics and benchmarks that power our forward modelling.
🔒 Commission Rate (avg)
→18-22%
varies by tier
🔒 Restaurant Net Margin
→3.5%
after platform fees
🔒 Delivery Partner Earning/hr
↓₹78
incl. incentives
🔒 Blinkit Contribution Margin
↑+3.1%
of GOV
🔒 Take Rate (Zomato food)
↑FAQ
Answers about the Food Delivery sector tracker.
Quarter-updated KPIs, sub-sector breakdown, competitive landscape, market trends, regulatory timeline, SWOT and forward outlook for Food Delivery — all drawn from a single verified source.
The consensus temperature for Q3 2026 is 61° (CONSENSUS BULL), sourced from the same curated dataset used across all our trackers and the Contrarian Signal Radar.
Use the quarter selector at the top of the page to switch between quarter snapshots and see how each KPI, headline and temperature changed.
Zomato Contribution Margin
Order Frequency
Ads Share of Revenue
Key players
Key players
Key players
| EatSure / Rebel Foods |
| ~30% |
| ↑ gaining |
| 4 | Domino's India | ~28% | → stable |
26%
gross
🔒 Instamart Contribution Margin
↑-1.2%
improving
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No. These trackers are educational market-intelligence dashboards for research and analysis; they are not investment advice or a recommendation to buy or sell any security.