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Swiggy targets Rs 2.5 lakh crore GOV and Rs 10,000 crore EBITDA by FY31
Swiggy outlined a FY31 plan for Rs 2.5 lakh crore GOV and Rs 10,000 crore EBITDA, led by food delivery and Instamart. Analysts retained mixed views, citing execution risk around quick-commerce profitability, dark-store productivity, customer growth and advertising monetisation.
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Reported figures
From the report. Source details below
| Implied GOV CAGR for FY26-FY31E: | 30% |
|---|---|
| Food delivery GOV growth target: | 2.5-3.5x |
| Quick commerce and Dineout growth target: | 4-5x |
| FY31 EBITDA contribution targets: | food delivery Rs 5,000 crore; quick commerce Rs 4,000 crore; other segments Rs 1,000 crore |
| Instamart adjusted EBITDA: | Rs 3,500 crore loss in FY26 to Rs 4,000 crore profit in FY31 |
| Advertising intensity target: | 7-8% of GMV from 4% |
| Analyst targets: | JM Financial Rs 250; Elara Rs 350; MOFSL Rs 350; Jefferies Rs 435; Citi Rs 390; UBS Rs 355; CLSA Rs 312 |
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