Shadowfax guides 28-30% FY27 growth, scaling dark stores from 15 to 100 in qcommerce push
Logistics player swung to ₹118.8 cr FY26 profit on ₹4,201.7 cr revenue (Q4 alone delivered ₹56.4 cr profit vs prior loss). Plans 10,000 pin code coverage and FY27 capex of 2.5-3.5% of revenue, betting vertical quick commerce can sustain margin expansion.
What happened
Shadowfax targets 28-30% revenue growth in FY27, scaling dark stores from 15 to 100 and expanding to 10,000 pin codes. FY26 swung to ₹118.8 cr profit on
Key facts
- 28-30% revenue growth FY27
- 100 dark stores from 15
- 10,000 pin codes target
- Q4 net profit ₹56.4 cr vs loss ₹9.2 cr
- Q4 revenue ₹1,262.8 cr +73.6%
- FY26 net profit ₹118.8 cr
- FY26 revenue ₹4,201.7 cr
- capex ₹185 cr
- FY27 capex 2.5-3.5% of revenue
Why this matters
Shadowfax's dual logistics-plus-qcommerce posture and rapid dark store buildout make it both a strategic acquisition target for marketplaces and a benchmark for partnership or carve-out plays in last-mile.