Swiggy targets ₹10,000 crore adjusted EBITDA by FY31 as Instamart scales
Swiggy has set a FY31 target of ₹2.5 lakh crore in consolidated GOV and ₹10,000 crore in adjusted EBITDA. Quick-commerce arm Instamart is expected to contribute more than ₹1.5 lakh crore in GOV, supported by expansion across 130-plus cities and 1,200-plus dark stores.
Swiggy’s FY31 plan targets Rs 10,000 crore adjusted EBITDA and Rs 2.5 lakh crore GOV, led by food delivery, Dineout and Instamart. Q1 FY27 revenue rose 37.3% while net loss narrowed, with quick-commerce expansion and AI investments central to strategy.
Why this matters
The target reinforces recent Swiggy signals on reaching ₹10,000 crore in core earnings and annual adjusted EBITDA by FY2031, with Instamart positioned as the main growth driver.
Retail-company signals are accelerating, up +165989% QoQ.