Shiprocket Limited — Q2FY27 earnings call summary

Filed 12 November 2026 · Official transcript

Q3 seasonally weak in volume, not margin; D2C brands shift sales to marketplaces during festive season
Q2 FY27 revenue up 35%, adjusted EBITDA up 3.3x to INR14.2 Cr, PAT positive at INR6 million
Core margins stable short-term; expected to improve long-term with operating leverage
Core segment revenue INR460 Cr (+25%), EBITDA INR59 Cr (+29%), margin 12.8%; Emerging segment revenue INR210 Cr (+61%), EBITDA margin improved to -21.2%
Trailing 12-month GMV INR37,400 Cr (+33%), transactions 233 million (+34%), active merchants 236,000
MarTech (Fastrr) grew 102% YoY, powering INR11,200 Cr annualized GMV; Omnichannel up 79%
AI-driven RADAR optimizes courier selection, improving delivery and reducing stress lanes
Omnichannel unit economics healthy; merchants pay for appointment-based delivery to quick commerce outlets