Swiggy Soars! Targets ₹10,000 Cr Adjusted EBITDA by FY31
Swiggy Soars! Targets ₹10,000 Cr Adjusted EBITDA by FY31
Food delivery giant Swiggy aims for massive growth, targeting ₹10,000 crore Adjusted EBITDA by FY31. Discover their ambitious plans for food delivery, Instamart, and Dineout expansion!
Shares of the popular food delivery and quick-commerce platform Swiggy saw a significant jump of nearly 3% on Thursday, trading at Rs 297.25. This surge came after the company unveiled an ambitious long-term growth roadmap during its Capital Markets Day, exciting investors with its bold vision for the future.
Swiggy's ambitious target is to achieve an impressive Rs 10,000 crore in Adjusted EBITDA by the fiscal year 2031. This growth strategy is deeply rooted in enhancing operational efficiency across its core food delivery services, substantially scaling up its quick-commerce vertical, Instamart, and expanding its out-of-home dining segment, Dineout.
Outlining its five-year vision, Swiggy projects to more than triple its consolidated Gross Order Value (GOV) to approximately Rs 2.5 lakh crore by FY31, a significant leap from Rs 67,734 crore in FY26. This trajectory represents a robust compound annual growth rate (CAGR) exceeding 30% over the five-year period. Managing Director and Group CEO, Sriharsha Majety, emphasized that these five-year profitability goals are firmly supported by strong fundamental growth across India's vibrant food delivery, quick commerce, and dining-out sectors.
The company anticipates its primary food delivery segment will generate Rs 5,000 crore in Adjusted EBITDA by FY31. This is expected to be bolstered by new affordability programs designed to increase order frequency among its vast user base. Meanwhile, Swiggy's quick-commerce arm, Instamart, is poised for explosive growth, projected to expand 4 to 5 times to Rs 1.5 lakh crore in GOV by FY31, up from Rs 28,000 crore in FY26. Instamart currently serves over 14 million monthly active buyers across more than 130 cities and is reportedly nearing EBITDA breakeven as its unit economics improve and store density increases.
Not to be left behind, the out-of-home dining segment, Dineout, is forecast to scale its GOV to between Rs 20,000 and Rs 25,000 crore by FY31, contributing an estimated Rs 1,000 crore in Adjusted EBITDA. Swiggy also projects a remarkable turnaround in its earnings per share (EPS), expecting it to rebound from -Rs 16 in FY26 to a positive Rs 30, 33 by FY31. The company remains committed to maintaining its momentum amidst various market challenges.
