Swiggy Ltd announced a five-year plan aiming to achieve an adjusted EBITDA of ₹10,000 crore by FY31, driven by expansion in its food delivery and Instamart businesses, according to livemint.com. The company also projects its consolidated gross order value to surpass ₹2.5 trillion by FY31, reflecting a compound annual growth rate of over 30%.
The roadmap details Swiggy's strategy to more than triple its order volume over the next five years, improving earnings per share from a ₹16 loss in FY26 to a profit of ₹30-33 by FY31. This turnaround is expected to result from scaling its core food delivery services alongside Instamart, its quick commerce grocery platform, which has become a significant revenue contributor.
Swiggy's ambitious targets come amid intense competition in India's food delivery sector, where players are focusing on profitability alongside growth. The company’s focus on adjusted EBITDA aligns with broader industry trends prioritizing sustainable financial metrics. Swiggy’s projected gross order value and profitability targets position it alongside other major players aiming for scale and operational efficiency in the evolving market.
The company’s earnings per share improvement from a loss of ₹16 in FY26 to a positive ₹30-33 by FY31 underscores its financial turnaround ambitions, as reported by livemint.com. This financial milestone will be closely watched by investors and market participants as a key indicator of Swiggy’s long-term viability.