Swiggy Targets ₹10,000 Cr Adj. EBITDA by FY31

Swiggy Limited has announced its FY31 vision, aiming for an Adjusted EBITDA of ₹10,000 Cr and tripling its Gross Order Value (GOV) to approximately ₹2.5 Lakh Cr from ₹67,734 Cr in FY26. This ambitious growth is projected to be driven by affordability initiatives in its Food Delivery business and a differentiated strategy for its quick commerce platform, Instamart. The company expects its Food Delivery segment to grow 2.5-3.5x in GOV and contribute ~₹5,000 Cr in Adjusted EBITDA. Dineout, its out-of-home consumption arm, is targeting ₹1,000 Cr in Adjusted EBITDA by FY31. Instamart aims for a ₹1.5+ Lakh Cr GOV business by FY31, with profitability improvements already evident.