Swiggy sets $1.05 billion core earnings target for fiscal 2031

The Indian delivery giant outlines a path to profitability driven by food delivery and quick-commerce growth, following a recent narrowing of quarterly losses.

By Handelsavisen Newsroom · Automated 6 August 2026, 05:46 UTC · 1 min read

Swiggy has announced a long-term financial target of ₹10,000 crore ($1.05 billion) in core earnings by fiscal year 2031.

The Mumbai-based platform, which operates under the ticker SWIG.NS, stated that this profitability milestone will be driven by continued expansion in its core food delivery business and its quick-commerce unit, Instamart.

The guidance marks a significant shift in the company’s strategic narrative, moving from growth-at-all-costs to a defined path toward substantial profitability.

According to Hindu Businessline, the company expects Instamart’s gross order value to increase significantly as part of this trajectory, signaling that the quick-commerce segment is becoming a central pillar of the earnings model rather than just a loss-leading customer acquisition tool.

This long-term outlook follows a recent period of financial improvement for the company.

In the first quarter of fiscal 2027, Swiggy reported a consolidated net loss of ₹791 crore, a marked improvement from the ₹1,197 crore loss recorded in the same period the previous year.