Shiprocket Limited — Q1FY27 earnings call summary

Filed 11 September 2026 · Official transcript

Q1 FY27 revenue grew 34% y-y to INR592 Cr; core revenue up 22%, emerging up 70%
Core EBITDA margin improved to 12.8%, emerging EBITDA loss narrowed from -38% to -24%
Adjusted EBITDA per transaction rose from INR0.22 to INR1.45, reflecting strong unit economics
Transactions grew 36%, GMV up 31%; merchant count up 14%, ARPU up 18%
Emerging business share rose from 24% to 30%, driven by omnichannel (up 92%) and rapid Martech growth
Management highlighted platform's data-driven routing, modular stack, and cross-sell growth
Martech platform aids checkout conversion, ad creative generation, and ROAS optimization
Seasonality: Q3 weaker due to merchants shifting focus to marketplaces