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Sriharsha Majety

CEO & Co-Founder, Swiggy

Search every verified Sriharsha Majety interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Sriharsha Majety, managing director and group CEO of Swiggy, spoke at the company's first Capital Markets Day on August 6, 2026, and at its Q1FY27 earnings call on July 30, 2026. At the Capital Markets Day, Majety discussed the company's 12-year journey, its foundation, and plans for the next five years. He stated a goal of reaching 10,000 crore adjusted EBITDA by FY31, supported by over 30% GOV CAGR and strong MTU growth. He also commented on the company's approach to innovation, saying, "We don't suffer from the innovator's dilemma," and described Swiggy's "greatness arc" as coming from combining innovation with operational strength. On the earnings call, Majety addressed the company's financial trajectory, noting progress in food delivery margins and expectations to break even at the overall cash level in the coming quarters, while continuing to support the quick commerce business. He discussed the appointment of a new CEO for Instamart, praising her merchandising experience and expressing intent to build on the foundation of differentiated assortment. Majety also commented on industry dynamics, stating that "the music does stop" and that players facing hard resets will see significant volume dips before recovering through organic growth drivers. He affirmed the company's ability to operate at a 100 basis points contribution margin level while remaining accountable for growth quality.

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Verified interview transcripts

Notable quotes

“We want to get there to a 10,000 cr adjusted EBITDA by FY31 and we want to get there again on the back of strong MTU growth even from here a strong 30% plus GOV CAGR all of that culminating in this number that adds up.”

“Our guidance is that we will reach contribution margin break even in the quickcommerce business between December 25 to June 26.”

“Our B2C gross order value or GOV growth accelerated to 33% year-on-year to reach close to 5.5 billion US. The rapidly growing quick commerce segment has risen to 32% of the overall B2C GOV mix from only 8% 3 years back.”

“The 1% numbers are right for the last quarter we published and we absolutely do think that eventually the food delivery business will get closer to the 5% mark you talked about; we've demonstrated that over the last couple of years with operating leverage kicking in and unit economics improving at a steady clip.”

“I think what you mentioned is right — the last couple of years have seen us lose some share, but we've done a lot of improvements to our strategy execution and we're starting to feel very good about where things go from here.”

“This has also led to our food delivery business becoming profitable on a fully loaded EBITDA basis, and in quarter one we delivered a 0.8% positive EBITDA.”

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