Archive · 6 Aug 2026
Swiggy aims Rs 10,000 crore EBITDA over next five years
Swiggy is a big company in India that delivers food and groceries to people's homes.
Swiggy's leaders held a big meeting in Mumbai to share their plan for the next five years.
They promised that by 2031, Swiggy will finally make lots of money and become very profitable.
Right now, Swiggy still loses a little money, but the loss is much smaller than it was last year.
One part of Swiggy, called Instamart, delivers groceries very quickly and has already started getting closer to making money.
Another part, called Dineout, helps people book tables at restaurants and is already earning a small profit.
Swiggy is also offering cheaper food through its budget brand Toing to attract new customers.
The company believes that more and more people in India will order food online in the coming years.
Swiggy's leader, Sriharsha Majety, said he is confident the company can reach its goals.
If everything works out, Swiggy will become an even bigger and stronger company.
At its Capital Markets Day in Mumbai, Swiggy set a five-year target of Rs 10,000 crore adjusted EBITDA, with consolidated gross order value more than tripling to about Rs 2.5 lakh crore by FY31 from Rs 67,734 crore in FY26.
In Q1FY27, Swiggy's net loss narrowed to Rs 791 crore from Rs 1,197 crore a year earlier, while revenue rose 28.66% year-on-year to Rs 6,812 crore.
Quick commerce arm Instamart, which crossed contribution margin breakeven in May, targets GOV of over Rs 1.5 lakh crore and about Rs 4,000 crore adjusted EBITDA by FY31; it operated 1,171 dark stores across 131 cities at end-June.
Food delivery aims to grow GOV 2.5-3.5 times and reach about Rs 5,000 crore segment EBITDA by FY31 with budget brand Toing (now in 50 cities); articles differ on its current EBITDA (Rs 1,001 crore in FY26 vs Rs 292 crore).
Dineout posted its first full year of positive adjusted EBITDA in FY26 with GOV of about Rs 4,600 crore and targets Rs 20,000-25,000 crore GOV by FY31, while Swiggy holds Rs 14,400 crore cash with no debt and domestic ownership crossed 50% on July 1.
- Who
- Swiggy, led by Managing Director and Group CEO Sriharsha Majety, and its businesses Instamart (quick commerce) and Dineout (out-of-home dining).
- What
- Announced a five-year plan targeting Rs 10,000 crore adjusted EBITDA and a more than three-fold rise in consolidated gross order value to about Rs 2.5 lakh crore by FY31.
- When
- At the Capital Markets Day in Mumbai on Thursday, about a week after the company posted its Q1FY27 (June quarter) results.
- Where
- Mumbai, India.
- Why
- To capitalise on India's food services market, projected to grow from about $90 billion in 2026 to $150 billion by 2031, and to scale its food delivery, quick commerce, and out-of-home consumption businesses.
- Adjusted EBITDA target (FY31)
- Rs 10,000 crore
- Consolidated GOV target (FY31)
- Around Rs 2.5 lakh crore vs Rs 67,734 crore in FY26 (CAGR above 30%)
- Q1FY27 net loss
- Rs 791 crore, down from Rs 1,197 crore a year earlier
- Q1FY27 revenue
- Rs 6,812 crore, up 28.66% year-on-year
- Instamart FY31 targets
- GOV over Rs 1.5 lakh crore; adjusted EBITDA about Rs 4,000 crore (from a Rs 3,512 crore loss in FY26)
- Instamart dark stores
- 1,171 across 131 cities as of end-June, versus Blinkit's 2,443
- Dineout FY26 GOV
- About Rs 4,600 crore (one report cites Rs 4,645 crore), up 51% year-on-year
- Cash and ownership
- Rs 14,400 crore cash, no debt; domestic ownership crossed 50% on July 1
