Swiggy shares jump nearly 3% as company targets Rs 10,000 crore adjusted EBITDA by FY31

Investors cheered Swiggy’s ambitious target to achieve Rs 10,000 crore in Adjusted EBITDA by fiscal year 2031. The growth strategy relies on driving operational efficiency across its core food delivery operations, scaling up its quick-commerce vertical Instamart, and expanding out-of-home dining through Dineout.

Key growth targets for FY31

Outlining its five-year vision, Swiggy stated that it expects to more than triple its consolidated Gross Order Value (GOV) to roughly Rs 2.5 lakh crore by FY31, up from Rs 67,734 crore in FY26. This reflects a compound annual growth rate (CAGR) of over 30% over the five-year period.

Managing Director and Group CEO Sriharsha Majety noted that the five-year profitability goals are backed by solid fundamental growth across India’s food delivery, quick commerce, and dining-out spaces.

The company projects its main food delivery segment to generate Rs 5,000 crore in Adjusted EBITDA by FY31, supported by new affordability programs designed to increase order frequency among users.

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Instamart and Dineout roadmap

Swiggy’s quick-commerce arm Instamart is expected to jump 4-to-5 times to Rs 1.5 lakh crore in GOV by FY31 from Rs 28,000 crore in FY26. Serving over 14 million monthly active buyers across more than 130 cities, Instamart is edging closer to EBITDA breakeven as unit economics improve and store density grows.

The out-of-home dining segment, Dineout, is projected to scale its GOV to Rs 20,000–25,000 crore by FY31 while contributing Rs 1,000 crore in Adjusted EBITDA.Swiggy also projects its earnings per share (EPS) to rebound from -Rs 16 in FY26 to Rs 30–33 by FY31. The company remains debt-free with a cash buffer of Rs 14,400 crore.

Swiggy share price performance

Swiggy shares have traded between a 52-week low of Rs 235.85 and a high of Rs 473.00. While the stock has seen consolidation over recent months, the long-term profitability guidance brought fresh buyer interest to the counter.