Swiggy Sets ₹10,000 Crore EBITDA Target by FY31, Bets on Food Delivery and Quick Commerce Growth

Food delivery and quick commerce platform Swiggy has outlined an ambitious long-term growth strategy, setting a target of achieving ₹10,000 crore in adjusted EBITDA by the financial year 2030-31 (FY31).

The company announced its roadmap during its Capital Markets Day 2026, highlighting plans to significantly expand its food delivery, quick commerce and out-of-home consumption businesses over the next five years. Swiggy said it expects its consolidated Gross Order Value (GOV) to grow to nearly ₹2.5 lakh crore by FY31, more than three times its FY26 level of ₹67,734 crore.

The food delivery business is expected to remain a major contributor to the company’s growth. Swiggy aims to increase the segment’s GOV by 2.5 to 3.5 times by FY31 while generating around ₹5,000 crore in adjusted EBITDA. The company plans to achieve this by improving affordability, encouraging higher order frequency and strengthening operational efficiency across its delivery network.

Swiggy also expects substantial growth in its quick commerce business, Instamart. According to the company’s projections, Instamart’s GOV is likely to increase four to five times over the next five years. The expansion will be driven by a wider product portfolio, greater geographical reach and continued investments in fulfilment infrastructure to enhance delivery speed and customer experience.

In addition to its core businesses, Swiggy said it sees significant opportunities in out-of-home consumption and related services as it seeks to diversify revenue streams and strengthen its overall commerce ecosystem. The company also highlighted improvements in its financial performance. During the April-June quarter of FY27, Swiggy reported a year-on-year improvement of ₹162 crore in consolidated adjusted EBITDA. Its net loss narrowed to ₹651 crore, reflecting progress in cost management and operating efficiency even as it continued investing in growth initiatives.

Swiggy further announced that it had crossed the milestone of 50 per cent domestic ownership on July 1, 2026, marking a significant step in its transition towards becoming an Investor-Owned Commerce Company (IOCC). The board has also approved a proposal to raise the foreign shareholding limit to 49.5 per cent, subject to shareholder approval at the upcoming annual general meeting.