Bengaluru-based food aggregator, Swiggy expects steady expansion in its food delivery business, projecting 18–20% growth this year, according to Rohit Kapoor, CEO – Food Marketplace at the company.

He said the food delivery industry, now a decade old, is witnessing a healthy balance between growth and profitability.

“The guidance we have given to analysts and markets is in that range of 18–20%,” Kapoor said, adding that the company remains focused on making food delivery more affordable for customers as the market expands.

Swiggy has also maintained its medium-term target of achieving a 5% earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin, highlighting improved profitability in recent quarters. Kapoor noted that the company reported a strong performance in

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