Swiggy Share Price Rises Over 5% as Food Delivery Giant Targets Rs 10,000 Crore EBITDA by FY31

Swiggy shares surged over 5% in intraday trade on Thursday, August 6, after the food delivery and quick commerce major unveiled an ambitious five-year growth roadmap, targeting nearly Rs 10,000 crore in adjusted EBITDA by FY31. The upbeat guidance boosted investor sentiment, with the stock climbing as much as 5.2% to an intraday high of Rs 305 on the NSE.

Swiggy Share Price Today on NSE

The stock later pared some gains. At around 1:17 PM, the stock was trading at Rs 292.00 on the NSE, up 0.72%, or Rs 2.10, from its previous close. The stock opened at Rs 290.30, surged to an intraday high of Rs 305.00, and touched an intraday low of Rs 287.90 during the session.

Swiggy Targets Rs 10,000 Crore EBITDA by FY31

At its Capital Markets Day, Swiggy projected a consolidated Gross Order Value (GOV) of around Rs 2.5 lakh crore by FY31, implying annual growth of more than 30% over the next five years. The company also expects adjusted EBITDA margins of around 4% of GOV, with earnings per share (EPS) turning positive at Rs 30-33 by FY31, compared with an expected loss of Rs 16 in FY26.

The company ended FY26 with a cash balance of Rs 14,400 crore and no debt, providing financial flexibility to continue investing in growth while improving profitability.

"Our confidence in achieving our five-year EBITDA goal is rooted in the strength of our fundamentals. We have always believed that if we stay focused on solving large consumer problems and execute with discipline, the financial outcomes will follow," said Sriharsha Majety, Managing Director and Group CEO, Swiggy.

Food Delivery to Drive Stable Profits

Swiggy expects its food delivery business to remain the key earnings driver, forecasting the segment's GOV to expand 2.5 to 3.5 times by FY31 and generate nearly Rs 5,000 crore in adjusted EBITDA. The company believes affordability-led initiatives and increasing order frequency will help expand its user base as India's online food delivery market continues to grow.

Instamart Expansion Remains Key Growth Engine

Quick commerce platform Instamart will remain central to Swiggy's long-term strategy. The company aims to build a business with more than Rs 1.5 lakh crore in GOV and over 40 million monthly transacting users by FY31, up from more than 14 million monthly users currently.

Swiggy said Instamart now operates over 1,200 dark stores, with more than 45% of the network already contribution margin positive. Five of its seven largest markets, including Bengaluru, are also operating profitably.

During Q1 FY27, Instamart's GOV grew 40% year-on-year to Rs 7,907 crore, while food delivery GOV increased 18% to Rs 9,490 crore. However, the quick commerce business continued to weigh on overall profitability, reporting an adjusted EBITDA loss of Rs 778 crore as the company continued investing in dark stores, logistics and network expansion.

Despite the ongoing investments, Swiggy said Instamart's contribution margin losses narrowed to just 0.2% of GOV in Q1 FY27, signalling improving unit economics as order density and operating efficiencies continue to strengthen.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.