3 weeks ago
Swiggy Shares Jump 5% on ₹10,000 Crore FY31 Profit Target
Swiggy is a company in India that delivers food and groceries to people's homes.
It also runs Instamart, a service that delivers groceries very quickly.
Swiggy's shares went up by more than 5% in one day.
The company made big promises about growing a lot in the next few years.
It wants to earn ₹10,000 crore from its main business by the year 2031.
It also hopes its grocery delivery service will grow four to five times bigger.
Swiggy thinks its earnings per share will go from being negative to between ₹30 and ₹33.
The company says it has lots of cash and no debt.
It also wants more Indian people to own its shares than foreign investors.
Swiggy is investing heavily to compete with its rival Blinkit in quick delivery.
Swiggy shares rose over 5% on Thursday, hitting an intraday high of ₹305 per share on the NSE.
The company set a target of ₹10,000 crore in core earnings by financial year 2031.
Swiggy expects Instamart's gross order value to grow four to five times to ₹1.5 lakh crore by FY31.
Consolidated GOV is targeted at ₹2.5 lakh crore by FY31, with EPS improving to ₹30-33 from a negative ₹16 in FY26.
Domestic ownership crossed 50% on July 1, 2026, and shareholders will vote on raising the foreign shareholding limit to 49.5% at the August 18 AGM.
- Who
- Swiggy, led by Managing Director and Group CEO Sriharsha Majety
- What
- Announced long-term FY31 growth targets including ₹10,000 crore in core earnings, while its shares rose over 5%
- Where
- India, announced via an exchange filing on the NSE
- When
- Thursday; with the annual general meeting set for August 18
- Why
- To drive growth in food delivery and quick commerce and progress toward becoming an investor-owned commerce company
Key facts
- Stock gain
- 5.2% intraday
- Intraday high
- ₹305 per share on NSE
- FY31 core earnings target
- ₹10,000 crore
- FY31 consolidated GOV target
- ₹2.5 lakh crore vs ₹67,734 crore in FY26
- Instamart GOV target
- ₹1.5 lakh crore by FY31 (4-5x from ₹28,000 crore in FY26)
- FY31 EPS target
- ₹30-33 (vs negative ₹16 in FY26)
- Cash balance
- ₹14,400 crore, debt-free
- Foreign shareholding limit
- Raised to 49.5%, subject to AGM vote on August 18










