Swiggy targets ₹10,000 Cr Adj. EBITDA by FY31, eyes ₹2.5 Lakh Cr GOV
Swiggy aims for ₹10,000 Cr Adjusted EBITDA by FY31, projecting ₹2.5 Lakh Cr GOV. Food Delivery expects ~₹5,000 Cr EBITDA, Dineout ₹1,000 Cr, and Instamart ₹1.5 Lakh Cr GOV. The company reported ₹14,400 Cr cash and is debt-free. Domestic ownership crossed 50% in preparation for potential changes.
The announcement outlines significant long-term strategic financial goals and operational progress, which are material to investors and the company's future.
The announcement details ambitious growth targets and positive financial projections across Swiggy's business segments, indicating strong future performance.
Swiggy Limited has unveiled its FY31 vision at Capital Markets Day 2026, aiming to achieve a ₹10,000 Crore Adjusted EBITDA business. This goal is supported by a projected tripling of consolidated Gross Order Value (GOV) to approximately ₹2.5 Lakh Crore from ₹67,734 Crore in FY26, indicating a 30%+ GOV CAGR through 2031.
The company's confidence stems from its focus on solving consumer problems and disciplined execution across three key growth areas: food delivery, quick commerce, and out-of-home consumption.
In Food Delivery, Swiggy expects GOV to grow 2.5-3.5x and achieve ~₹5,000 Crore in Adjusted EBITDA by FY31, driven by affordability initiatives. The business reported ₹9,490 Crore GOV in Q1 FY27, an 18% YoY increase, with an adjusted EBITDA runrate of ₹292 Crore, up 5x from Q1 FY25.
Dineout, Swiggy's Out-of-Home Consumption business, achieved its first full year of positive Adjusted EBITDA in FY26 with ₹4,600 Crore GOV, up 51% YoY. It is projected to grow its GOV five times to ₹20,000-25,000 Crore by FY31, with Adjusted EBITDA reaching ₹1,000 Crore.
Instamart, the quick commerce business, grew GOV to ₹7,907 Crore in Q1 FY27, up 40% YoY, and narrowed its Contribution Margin loss to -0.2% of GOV. Instamart is targeting a ₹1.5 Lakh Crore GOV business by FY31, supported by a larger transacting user base and platform-wide propositions like 'Switch'.
Technologically, Swiggy is shifting towards AI-native operations across five core engines. The company reported a cash balance of ₹14,400 Crore and remains debt-free. Domestic ownership has crossed 50%, with a proposed increase in foreign shareholding cap to 49.5% ahead of a shareholder vote at the AGM on August 18, 2026.
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Swiggy Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Swiggy Limited. Read the original for the full detail.