Slide 1: Shiprocket exchange filing cover letter
®Shiprocket Date: September 08, 2026 To, BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai - 400 051 BSE Scrip Code: 544871 NSE Scrip Symbol: SHIPROCKET Subject: Invest
Slide 2: Simplifying Commerce: Earnings Presentation Q1 FY2027
Simplifying Commerce Earnings Presentation Q1 FY2027
Slide 3: Safe Harbour and Disclaimer
Safe Harbour and Disclaimer This presentation contains statements that are, or may be deemed to be, forward-looking statements, including statements relating to the Company's business objectives, strategy, growth prospects, product and service expansion, estimates of revenue and margin, future finan
Slide 4: Business Overview
Business Overview Simplify. Enable. Compound. How the platform works, and why it compounds. 3
Slide 5: Scale as of FY 2026
Scale as of FY 2026 ₹327,772 Mn 202 Mn 214,769 GMV Transactions Active merchants 730 Mn+ 155 Mn+ Transactions since 2016 Consumers served since 2016 S C AL E , W IT H O U T A S SE T OW NE D M OD E L 4
Slide 6: ~60 Mn retail MSMEs moving from offline to digital
~60 Mn retail MSMEs moving from 300-320 Mn ~60 Mn 5
Slide 7: One Platform
ONE PLATFORM Shiprocket runs the full commerce stack for Indian direct commerce Discovery Data Payments . Fulfilment CX, Returns ud 3 Shipping Money Trust 250+ partners powering the ecosystem for commerce 42 courier partners, one platform
Slide 8: Shiprocket is a system of subsystems
SYSTEM OF SUBSYSTEMS Shiprocket is a system of subsystems UNDERLYING SYSTEMS PLATFORMS PRODUCTS Ooms LMS CRM WMS. ™sS FEATURES Domestic Shipping Yoeveoy Post-Ship v aeons Experience Aggregation ) (Integrations ) ( Dispute Management ) ( Control Tower ) ( APIs ) xperience - Plattorn Cargo e “ “ Retur
Slide 9: Profit Engine and Growth Engine product suite
CHECKOUT & SHIPPING CROSS BORDER OMNICHANNEL MARTECH Shiprocket Shiprocket Shiprocket Shiprocket Shiprocket Delivery Boost Early COD Checkout Cross Border Fulfilment Shiprocket Shiprocket Shiprocket Shiprocket Secure Brand Boost Ads Omuni Shiprocket Shiprocket Engage+ Cargo Multi-courier aggregation
Slide 10: Track record of strengthening capabilities through strategic M&A
Track record of strengthening capabilities through strategic M&A Fiscal 2022 Fiscal 2022 Fiscal 2023 Fiscal 2023 a GLAUCUS me = TAM expansion Stack expansion Consolidation TAM expansion (PTL/FTL) (Fulfilment) (Offline) Stack expansion Stack expansion Capability expansion (Checkout + Cargo) Stack exp
Slide 11: In the Business of Helping Others Build A Business
In the Business of Helping Others Build A Business Exporting goods from Delivering from local Selling on social media Selling on own website India stores 10
Slide 12: Q1 Fiscal 2027 Highlights
(SShiprocket Q1 Fiscal 2027 Highlights
Slide 13: Revenue up 34% YoY, Adjusted EBITDA up ~9x
Q1 FY2027 | Revenue up 34% YoY, Adjusted EBITDA up ~9x Quarterly Growth Metrics Broad-Based Volume Growth TTM Metrics 31% GMV up 36% Transactions up Q1 FY2027 Operating leverage on account of platform scaling 216 Mn Transactions processed 34% Revenue up 9x Adj EBITDA Increase 346,618 Mn GMV Processe
Slide 14: Our performance improved across key financial metrics
Q1 FY2027 | Our performance improved across key financial metrics ₹ 5,921 Mn ₹ 4,117 Mn ₹ 1,804 Mn Revenue from operations Core Business Revenue Emerging Business Revenue +34% YoY +22% YoY +70% YoY ₹ 89 Mn ₹ 527 Mn 12.8% margin ₹ (438) Mn (24.3)% margin Overall Adj EBITDA Adj. EBITDA – Core Business
Slide 15: Revenue up 34% YoY, with contribution margin at 19.4%
Revenue up 34% YoY, with contribution margin 124 bps higher at 19.4% Revenue from Operations (₹ Mn) Contribution Margin (₹ Mn) YoY: +34% YoY: +43% QoQ: +7% QoQ: +10% 5,921 1151 5,544 1,045 4,425 805 Q1 FY2026 Q4 FY2026 Q1 FY2027 Q1FY26 Q4FY26 Q1FY27 M ARG IN % 18.2% 18.8% 19.4% All figures are in ₹
Slide 16: Adjusted EBITDA up ~9x YoY to ₹89 Mn; 24% improvement in PAT
Adjusted EBITDA up ~9x YoY to ₹89 Mn; 24% improvement in PAT Adjusted EBITDA (₹ Mn) PAT (₹ Mn) YoY: Improvement 24% YoY: +822% QoQ: Improvement 16% QoQ: +18% 89 76 -137 -163 10 -180 Q1FY26 Q4FY26 Q1FY27 Q1 FY2026 Q4 FY2026 Q1 FY2027 M ARG IN % 0.2% 1.4% 1.5% M ARG IN % -4.0% -2.9% -2.3% All figures
Slide 17: Core | Revenue up 22% YoY, Adjusted EBITDA margin 12.8%
Core | Revenue up 22% YoY at an Adjusted EBITDA margin that improved to 12.8% Revenue from Operations (₹ Mn) Contribution Margin (₹ Mn) Adjusted EBITDA (₹ Mn) Growth (YoY) YoY: +22% YoY: +24% YoY: +28% QoQ: +3% QoQ: +4% QoQ: +4% 3,959 4,117 527 847 874 505 3,366 707 413 +31% Transactions Q1 FY2026 Q
Slide 18: Emerging | Revenue up 70% YoY, Adjusted EBITDA margin better by 1,380 bps
Emerging | Revenue up 70% YoY, Adjusted EBITDA margin better by 1,380 bps Revenue from Operations (₹ Mn) Contribution Margin (₹ Mn) Adjusted EBITDA (₹ Mn) Revenue Growth (YoY) YoY: +70% YoY: +183% YoY: -8% +193% QoQ: +14% QoQ: +40% QoQ: -2% Martech 1,804 277 1,585 198 +92% 1,059 98 Omnichannel -403
Slide 19: A wider base buying more of the stack: cross-sell up 150 bps
A wider base buying more of the stack: cross-sell up 150 bps YoY % of Core Business Merchants using Emerging Products Merchants served via Emerging Business YoY: +150 bps YoY: +57% QoQ: 60 bps QoQ: 21% 8.8% 8.2% 48,406 7.3% 40,002 30,826 Q1 FY2026 Q4 FY2026 Q1 FY2027 Q1 FY2026 Q4 FY2026 Q1 FY2027 Me
Slide 20: Segment Performance: Q1FY26 vs Q1FY27
Segment Performance: Q1FY26 vs Q1FY27 CO R E E ME R GI N G TOTAL Particulars (₹Mn) Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Revenue from Operations 3,366 4,117 1,059 1,804 4,425 5,921 Contribution Margin 707 874 98 277 805 1,151 Contribution Margin % 21.0% 21.2% 9.3% 15.3% 18.2% 19.4% Cost between
Slide 21: Martech | Quikpay lifts prepaid share and checkout conversion
Martech | Quikpay lifts prepaid share and checkout conversion Quikpay Pay in one tap. We show the shopper their own UPI app at checkout, with an instant discount. W H AT I T D O E S Increase in prepaid share Increase in conversion rate 20
Slide 22: Martech | Steal Deal lifts order value
Martech | Steal Deal lifts order value on traffic the merchant already has Steal Deal A limited-time offer inside the cart. Shoppers unlock one extra deal before they pay. W H AT I T D O E S Increase in average order value Higher attach rate per order 21
Slide 23: Martech | AI Assist answers the shopper
Martech | AI Assist answers the shopper and cuts the merchant's support load AI Assist Chatbot Answers shopper questions on the store, instantly: • Recommends the right products in the chat • Cuts pre-purchase drop-off and support load • Live on merchant storefronts today 22
Slide 24: Martech | AI Ads Platform
Martech | AI Ads puts big-brand creative in the hands of a small merchant AI Ads Platform Ad creatives in minutes - no designer, no agency. Static Editable Shorts 360° Creative 23
Slide 25: Omnichannel | Quick commerce slot booking is now automatic
Omnichannel | Quick commerce slot booking is now automatic, and live O M N I C H AN N E L · Q U I C K C OM M E R C E · L I V E Booking delivery slots with Quick commerce is now automatic BE FOR E NO W Emails and spreadsheets. Both systems update each The same details typed in twice. other on their o
Slide 26: For any queries, please write to us at investors@shiprocket.com
For any queries, please write to us at investors@shiprocket.com 25
Slide 27: Key Performance Indicators
Key Performance Indicators Metrics Unit Q1 FY2026 Q4 FY2026 Q1 FY2027 Power Merchants* Count 10,282 10,090 10,170 Power Merchant ARPU* ₹ Mn 1.50 1.78 1.87 End consumers served* Mn 63 70 73 New end consumers served* Mn 30 29 30 Repeat end consumers served* Mn 33 40 43 Repeat rate of end consumers ser
Slide 28: Reconciliation | Adjusted EBITDA Bridge
Reconciliation | Adjusted EBITDA Bridge (in ₹ million, except as indicated otherwise) Particulars Q1 FY2026 Q4 FY2026 Q1 FY2027 Revenue from Operations (A) 4,425 5,544 5,921 Add: Other income (B) 138 120 137 Less: Employee benefit expenses (C) 901 984 1,065 Less: Other expenses (D) 3,700 4,690 4,965