Swiggy FY31 growth roadmap unveiled

Swiggy Ltd, at its Capital Markets Day 2026, unveiled a five-year growth roadmap targeting an adjusted EBITDA of Rs 10,000 crore by FY31, more than tripling consolidated Gross Order Value (GOV) to around Rs 2.5 lakh crore from Rs 67,734 crore in FY26, implying a CAGR of over 30%. The company expects EPS to improve from a loss of Rs 16 in FY26 to Rs 30-33 by FY31. Food delivery is projected to generate around Rs 5,000 crore in adjusted EBITDA with GOV growing 2.5-3.5 times. Zomato — Instamart targets GOV of over Rs 1.5 lakh crore by FY31, a four-to-fivefold increase, while Dineout aims for GOV of Rs 20,000-25,000 crore and Rs 1,000 crore in adjusted EBITDA. Swiggy reported Q1 FY27 consolidated net loss narrowed to Rs 791 crore from Rs 1,197 crore a year earlier, with revenue up 37.3% to Rs 6,812 crore. The company remains debt-free with a cash balance of Rs 14,400 crore. It also announced that domestic ownership crossed 50% on July 1, 2026, and the board approved raising the foreign shareholding cap to 49.5%, subject to shareholder approval at the AGM on August 18, to facilitate Zomato — Instamart's transition to a first-party inventory model. Swiggy is investing in AI across operations, including demand forecasting and fulfilment.