Swiggy targets ₹10,000 crore adjusted EBITDA by FY31 as Instamart and food delivery scale
Swiggy is targeting about ₹2.5 lakh crore in consolidated GOV and ₹10,000 crore in adjusted EBITDA by FY31. Instamart, which reported 39.8% Q1 GOV growth, has 1,171 dark stores across 131 cities and is pursuing scale-led EBITDA breakeven.
Swiggy outlined a FY31 plan to reach Rs 10,000 crore adjusted EBITDA, driven by food delivery, Instamart and Dineout. Instamart targets scale-led EBITDA breakeven while expanding dark stores, brand tie-ups and its in-house assortment.
Why this matters
This extends recent Swiggy signals on its FY31 ₹10,000 crore adjusted EBITDA target and Instamart scaling, adding targets for consolidated GOV, dark-store footprint and breakeven.
Retail-company signals are accelerating, up 166389% QoQ.