Swiggy’s Rs 10,000 crore EBITDA blueprint: How food delivery & Instamart aim to triple order value by FY31

A week after posting its June quarter numbers, Swiggy has set out an ambitious growth target. The food delivery and quick commerce major targets Rs 10,000 crore adjusted EBITDA business by FY31.

The target was laid out at the company’s Capital Markets Day. The company wants to more than triple consolidated gross order value (GOV) to around Rs 2.5 lakh crore by FY31, from Rs 67,734 crore in FY26, a compounded annual growth rate north of 30%. Adjusted EBITDA margin is expected to climb to roughly 4% of GOV over the same period, and earnings per share are projected to swing from a loss of Rs 16 in FY26 to a profit of Rs 30-33 by FY31.