- Swiggy shares rallied over 5% on August 6, 2026, reaching an intraday high of ₹305 apiece after announcing its target of ₹10,000 crore in adjusted EBITDA by FY31, supported by affordability in food and a differentiated Instamart strategy.
- Swiggy reported a narrowed consolidated net loss of ₹791 crore in Q1 FY27, compared to a net loss of ₹1,197 crore a year earlier.
- At its Capital Markets Day 2026, Swiggy outlined a five-year roadmap targeting ₹10,000 crore in adjusted EBITDA by FY31, aiming to triple its gross order value (GOV) to around ₹2.5 lakh crore.
- Swiggy's food delivery business saw a gross order value (GOV) of ₹9,490 crore in Q1 FY27, an 18% increase year-on-year, while Instamart's GOV rose 40% to ₹7,907 crore.
- Swiggy aims to improve profitability by focusing on affordability-led initiatives and enhancing unit economics in Instamart, with expectations of earnings per share turning positive by FY31.
- Swiggy's cash balance at the end of FY26 was ₹14,400 crore, and the company remains debt-free.
Swiggy has unveiled an ambitious plan to achieve ₹10,000 crore in adjusted EBITDA by FY31, with a focus on affordability in food delivery and profitability in its Instamart segment. The company aims to triple its gross order value (GOV) to approximately ₹2.5 lakh crore, growing at a CAGR of over 30% through FY31.
At its recent Capital Markets Day, Swiggy projected that its consolidated GOV will expand significantly, with food delivery expected to grow 2.5-3.5 times, generating around ₹5,000 crore in adjusted EBITDA. The company also anticipates earnings per share to improve from a loss of ₹16 in FY26 to a profit of ₹30-33 by FY31.
Sriharsha Majety, Managing Director and Group CEO, stated, “Our confidence in achieving our five-year EBITDA goal is rooted in the strength of our fundamentals. We have always believed that if we stay focused on solving large consumer problems and execute with discipline, the financial outcomes will follow.”
In Q1 FY27, Swiggy reported a gross order value of ₹9,490 crore for food delivery, an 18% increase year-on-year, while Instamart's GOV surged 40% to ₹7,907 crore. Despite an adjusted EBITDA loss of ₹778 crore in the quick commerce segment, Swiggy's dark store network is becoming increasingly profitable, with over 45% of stores now contribution margin positive.
The company ended FY26 with a cash balance of ₹14,400 crore and remains debt-free, positioning itself for future growth in India's expanding food services market, projected to rise from $90 billion in 2026 to nearly $150 billion by 2031.
“The company expects consolidated GOV to grow at over 30% CAGR through FY31, with EPS turning positive at ₹30-33 from a loss of ₹16 in FY26. Instamart's contribution margin losses narrowed to 0.2% of GOV in Q1 FY27, improving 5.4 percentage points since Q4 FY25.”
