Shiprocket Limited (shiprocket) Q1 FY27: Simplifying Commerce with Revenue Up 34% Yoy

Shiprocket Limited (SHIPROCKET) today reported consolidated results for the quarter ended June 30, 2026 (Q1 FY27), its first as a listed company. Revenue from operations grew 34% year-on-year to ₹5,921 Mn and contribution margin expanded 124 bps to 19.4%. Adjusted EBITDA scaled to ₹89 Mn, up from ₹10 Mn a year earlier.

Platform Scale

The company has trailing twelve month GMV of ₹346,618 Mn; delivering trailing twelve month unique transactions of 216 Mn and serves 224,314 active merchants.

Segment Performance

Core Business revenue grew 22% YoY to ₹4,117 Mn. Emerging Business (Checkout and marketing solutions, Cross-border and Omnichannel solutions) grew 70% YoY to ₹1,804 Mn. Emerging Business grew 3.2 times faster than Core Business and now contributes 30% of revenue.

Profitability

Overall Contribution margin up 43% YoY to ₹1,151 Mn (19.4% of revenue) and Adjusted EBITDA up from ₹10Mn to ₹89 Mn. Core Business generated ₹527 Mn of Adjusted EBITDA, 12.8% of its revenue, with Contribution margin at 21.2%. Emerging Business Contribution margin lifted from 9.3% to 15.3% and its rupee contribution grew from ₹98 Mn to ₹277 Mn.

Shiprocket is steadily working on its vision to be the operating system Indian MSMEs run their commerce on. The company has introduced several new products and services, including RADAR AI-powered courier intelligence, AI Ads stack, and appointment-based delivery.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Shiprocket Limited

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