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.