Shiprocket has made the audio recording of its earnings call available to investors and analysts. The call, held on September 8, 2026, covered the company's financial performance for the quarter ended June 30, 2026.

Call details

The interaction took place at 9:00 am on September 8, 2026. Shiprocket disclosed the web link for the recording pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nikhil Kumar, Company Secretary of Shiprocket Limited, signed the disclosure from Gurugram. The company previously operated as Shiprocket Private Limited and was originally known as Bigfoot Retail Solutions Private Limited.

Investors can access the full recording via the link provided in the regulatory filing on the company's website.

Shiprocket reported a 34% year-on-year revenue growth for Q1FY27, reaching ₹5,921 million. The logistics technology firm saw its adjusted EBITDA scale significantly to ₹89 million, up from ₹10 million in the prior year period.

The company’s consolidated net loss narrowed by 24% to ₹137 million, compared to ₹180 million in Q1FY26. This improvement coincided with a 124 basis point expansion in contribution margin to 19.4%.

Financial Performance

Segment Breakdown

Shiprocket operates through two distinct segments: Core Business and Emerging Business. The Emerging Business grew faster, contributing 30% of total revenue, up from 24% a year ago.

The Core Business generated ₹527 million of adjusted EBITDA at a 12.8% margin. Meanwhile, the Emerging Business, which includes checkout, marketing solutions, cross-border, and omnichannel services, lifted its contribution margin from 9.3% to 15.3%. Its rupee contribution grew from ₹98 million to ₹277 million, though it still recorded an EBITDA margin of -24%, improved from -38% previously.

Within the Emerging segment, Martech revenue surged 193% year-on-year, followed by Omnichannel at 92%. Cross-border revenue declined slightly by 2.3%. The percentage of Core Business merchants using Emerging products rose by 150 basis points to 8.8%, indicating deeper cross-selling penetration.

Platform Scale and Operations

As of the quarter ended June 30, 2026, Shiprocket reported trailing twelve-month GMV of ₹346,618 million. The platform processed 216 million unique transactions and served 224,314 active merchants.

Key product developments during the quarter included:

• RADAR: An AI-powered courier intelligence tool flagging SLA breaches and RTO risk at the pincode level.
• AI Ads Stack: A platform for static, editable, shorts, and 360° creatives, plus AI Assist and AI Calling for order confirmation.
• Appointment-based Delivery: Cargo deliveries to quick commerce dark stores with integrations into platforms such as Blinkit and Zepto.
• Quikpay: A one-tap UPI checkout feature showing shoppers their preferred UPI app with instant discounts.
• Steal Deal: Limited-time offers inside the cart to increase average order value.
• AI Assist Chatbot: Instant shopper recommendations on merchant storefronts.

What the Numbers Show

The divergence between segment growth rates highlights a strategic shift in revenue composition. While the cash-generative Core Business grew steadily at 22%, the Emerging Business expanded at more than three times that rate (70%). This rapid scaling in higher-margin emerging services drove the overall contribution margin expansion of 124 bps, even as absolute investment in these new lines increased. The surge in adjusted EBITDA from ₹10 million to ₹89 million indicates that the operational leverage from the Core Business is increasingly offsetting the losses in the Emerging segment, leading to a narrower net loss despite aggressive top-line growth.

Board Approvals and Corporate Actions

The Board of Directors met on September 7, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Key resolutions included:

• Auditor Appointment: The Board recommended appointing M/s. B S R & Co. LLP as Statutory Auditors for five years, replacing retiring auditors M/s. S. R. Batliboi & Associates LLP. This is subject to shareholder approval at the 15th Annual General Meeting (AGM).
• Secretarial Auditor: M/s. DMK Associates was approved as Secretarial Auditor for five years (FY2026-27 to FY2030-31), pending shareholder approval.
• ESOP Ratification: The Board ratified the Shiprocket Employee Stock Option Plan 2016 (ESOP 2016) and ESOP 2024 under SEBI regulations. Benefits will extend to group employees in India and abroad.
• AGM Schedule: The 15th AGM is scheduled for September 30, 2026, via video conferencing.

The company completed its Initial Public Offering (IPO) aggregating ₹16,174.85 million subsequent to the quarter end, with shares listing on August 19, 2026.