Swiggy Targets ₹10,000 Crore Adjusted EBITDA by FY31

Swiggy shares saw volatility as the company announced a strategic goal to achieve ₹10,000 crore in adjusted EBITDA by the 2031 fiscal year.

The growth plan relies heavily on the expansion of its quick-commerce arm, Instamart, and its core food delivery business.

Investors are closely monitoring the firm's profitability roadmap, with the stock erasing 5% of its intraday gains following profit-booking activity.