Shadowfax posts ₹55.8 Cr Q4 profit, plans 100 dark stores by FY27
3PL player turned profitable in Q4 FY26 on ₹1,237 Cr revenue (+73.6% YoY), with 18 Cr express orders and 30% market share. Plans to scale dark stores from 15 to 100 in FY27, backed by ₹190 Cr capex and CriticaLog integration to ride India's quick-commerce surge toward $68 Bn GMV by 2031.
What happened
Shadowfax turned profitable in Q4 FY26 with ₹55.8 Cr net profit on ₹1,237 Cr revenue, claims 30% 3PL express share, plans to scale dark stores from 15 to 100 in
Key facts
- ₹55.8 Cr Q4 net profit
- ₹1,237 Cr operating revenue +73.6% YoY
- ₹58 Cr adjusted EBITDA
- 18 Cr express orders +129% YoY
- 4.2 Cr hyperlocal orders
- 15,656 pin codes
- 2.6 Lakh delivery partners
- 30% 3PL express market share
- 100 dark stores planned FY27
- ₹190 Cr FY capex
- $68 Bn QC GMV by 2031
- $350-400 Mn Mettle fund
- ₹500 Cr EaseMyTrip rights issue
Why this matters
CriticaLog integration plus 100 dark stores by FY27 signals Shadowfax is consolidating into full-stack fulfillment—watch for tuck-in M&A targets in cold chain and micro-warehousing.
Also reported by
- Inc42 — 1h after first sighting