Swiggy targets ₹10,000 crore core earnings and ₹2.5 lakh crore GOV by FY31
Swiggy has set a FY31 core-earnings target of ₹10,000 crore, supported by food delivery and Instamart. The quick-commerce unit is targeting ₹1.5 lakh crore in GOV, versus ₹28,000 crore in FY26, as dark-store investment intensifies competition with Blinkit.
Swiggy targets ₹10,000 crore in core earnings and ₹2.5 lakh crore consolidated GOV by FY2031, driven by food delivery and Instamart. The quick-commerce unit aims for ₹1.5 lakh crore GOV as competition with Blinkit fuels dark-store investment.
Why this matters
Swiggy’s FY31 targets extend its recent Instamart push: the company is pursuing exclusive products and a near-term cash break-even while competing with Blinkit on dark-store expansion.
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Also reported by
- The Hindu BusinessLine — 1h after first sighting