Food delivery and quick commerce platform Swiggy on Thursday said it is targeting an adjusted EBITDA of around Rs 10,000 crore by FY31, backed by growth across its food delivery and quick commerce businesses.
For the April-June quarter of this financial year, the company's consolidated adjusted EBITDA improved by Rs 162 crore on a year-on-year basis, following which the company's loss narrowed to Rs 651 crore.
The company, at Capital Markets Day 2026, said it expects to more than triple its consolidated Gross Order Value (GOV) to around Rs 2.5 lakh crore by FY31 from Rs 67,734 crore in FY26, a compounded annual growth rate (CAGR) of over 30%.
The company also highlighted progress towards becoming an Investor-Owned Commerce Company (IOCC), stating that domestic ownership crossed 50% on July 1, 2026.
Its board has approved raising the foreign shareholding cap to 49.5% ahead of its 13th annual general meeting on August 18, 2026.
