Swiggy targets ₹10,000 crore adjusted EBITDA by FY31 as Instamart scales

Swiggy has outlined a five-year roadmap targeting ₹2.5 lakh crore in consolidated GOV and ₹10,000 crore in adjusted EBITDA by FY31. Instamart is expected to contribute more than ₹1.5 lakh crore in GOV, alongside accelerated food delivery and Dineout growth.

— Filed Thu, 6 Aug, 2026, 13:07 IST · Source Outlook Business · Updated

Swiggy unveiled an FY31 roadmap targeting ₹10,000 crore adjusted EBITDA and ₹2.5 lakh crore consolidated GOV. Growth will be led by food delivery, Instamart and Dineout, supported by AI-led operations, while the debt-free company targets improved profitability and earnings.

Why this matters

The roadmap extends Swiggy's recent FY31 earnings-target signals, including versions citing ₹10,000 crore adjusted EBITDA and core earnings, while adding Instamart's ₹1.5 lakh crore-plus GOV role.

retail-company is accelerating, up +166289% QoQ.