Swiggy up 3% as co aims Rs 10K cr adjusted EBITDA by FY31
Shares of food delivery and quick-commerce platform Swiggy climbed nearly 3% to trade at Rs 297.25 on Thursday after the company unveiled an aggressive long-term growth roadmap during its Capital Markets Day.
Investors cheered Swiggy's ambitious target to achieve Rs 10,000 crore in Adjusted EBITDA by fiscal year 2031. The growth strategy relies on driving operational efficiency across its core food delivery operations, scaling up its quick-commerce vertical Instamart, and expanding out-of-home dining through Dineout.
Investors cheered Swiggy's ambitious target to achieve Rs 10,000 crore in Adjusted EBITDA by fiscal year 2031. The growth strategy relies on driving operational efficiency across its core food delivery operations, scaling up its quick-commerce vertical Instamart, and expanding out-of-home dining through Dineout.
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