Swiggy targets Rs.10,000 crore Ebitda by FY31, bets on food delivery and Instamart
Bengaluru, Aug. 6 -- Swiggy Ltd on Thursday set a five-year roadmap to build a Rs.10,000-crore adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) business by FY31, driven by rapid growth in food delivery, quick commerce and dining out.
At its Capital Markets Day, the company said it aims to more than triple consolidated gross order value (GOV) to around Rs.2.5 trillion by FY31, implying a compound annual growth rate of over 30%. It expects adjusted Ebitda margins to expand to around 4% of GOV.
The Bengaluru-based company expects its earnings per share to improve from a loss of Rs.16 in FY26 to Rs.30-33 by FY31.
On Thursday, Swiggy's shares rose nearly 5% following the news. They later pared some gains and...
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