SWIGGY

In a stock exchange filing, Swiggy said it expects its core earnings to reach Rs 10,000 crore by fiscal 2031, supported by sustained growth in its food delivery business and quick commerce platform, Instamart. The company projects Instamart's gross order value (GOV) to grow four to five times, reaching Rs 1.5 lakh crore by FY31 from an estimated Rs 28,000 crore in FY26. Swiggy also aims to increase its consolidated GOV to Rs 2.5 lakh crore by FY31, compared with Rs 67,734 crore in FY26. Alongside its financial goals, Swiggy outlined its strategy to become an AI-native organisation by embedding artificial intelligence across five key areas: Demand, Fulfilment, Partners, Monetisation, and Building. The company said it is deploying AI for in-session personalisation, a self-learning fulfilment network, and internal tools such as SAGE, an analytics assistant designed to improve operational decision-making. The roadmap comes as Swiggy and rival Blinkit, owned by Eternal, intensify their battle for leadership in India's fast-growing quick commerce market. Both companies continue to invest heavily in expanding their network of dark stores and fulfilment centres to shorten delivery times and meet rising consumer demand.