New Delhi, August 6: Swiggy has unveiled an ambitious five-year growth plan, which consists of achieving EBITDA margin of around 20% by FY31 with adjusted EBITDA of around ₹10,000 crore. During its Capital Markets Day 2026, the company outlined its long-term strategy, which included robust growth prospects in all three businesses—food delivery business, Instamart, and Dineout.
Swiggy anticipates its consolidated Gross Order Value (GOV) to rise from ₹67,734 crore in FY26 to almost ₹2.5 lakh crore by FY31 with a compound annual growth rate (CAGR) of over 30%. GOV is the sum of all orders before discounts and other adjustments.
The food delivery segment is likely to be one of the most profitable for the company. By FY31, food delivery GOV will see almost a 2.5 to 3.5 fold increase in its growth and achieve adjusted EBITDA of nearly ₹5,000 crore, Swiggy projects. This will be accomplished via the company’s pricing strategy, customer experience, delivery improvements, and expansion into more cities.
Swiggy is also putting a significant emphasis on Instamart, its fast commerce platform that provides grocery and day-to-day necessities in mins. Instamart’s GOV will grow four to five times, reaching almost ₹1.5 lakh crore by FY31, as it was at around ₹28,000 crore in FY26, the company says. Swiggy thinks the increased demand of consumers for quick deliveries and for a variety of products will be a booster to this growth.
Dineout – an app for ordering and eating out at restaurants is another strong growth segment in Swiggy’s business. The company anticipates that the business will complement its existing commerce ecosystem with the addition of more restaurant partnerships, customer interactions, and restaurant experiences.
Swiggy has also announced that its short-term financial metrics have improved, in addition to its long-term goals. The company has narrowed its losses during the latest quarter, but enhanced its adjusted EBITDA margin by ₹162 crore year-on-year, reflecting better operating efficiency despite the ongoing investments in expansion. The roadmap was a positive response by investors, as shares of Swiggy have seen a jump of up to 5-6% after the announcement.
The company also stated that the proportion of domestic ownership reached more than 50% on July 1, 2026, as it moves closer to becoming an investor-driven commerce company. Furthermore, Swiggy’s board approved changes that would further enhance Instamart’s inventory model and bolster its merchandising prowess, which should enhance the company’s long-term profit.
