Shadowfax raises FY27 revenue guidance to 38-40%
Logistics provider Shadowfax has increased its revenue growth forecast for fiscal year 2027 to 38-40%, up from a previous projection of 28-30%. The revision follows a strong first quarter with a 65% year-over-year revenue increase.
Logistics company Shadowfax has raised its full-year revenue growth forecast for fiscal year 2027 to 38-40%, a significant increase from the previously projected 28-30%. This upward revision comes after the company reported a strong first quarter, driven by robust performance in heavy shipments and quick commerce.
The company reported a consolidated net profit of ₹65.4 crore for the quarter ended June 2026, an eightfold increase compared to the same period last year. Operating revenue also saw a substantial jump of 65% year-over-year, reaching ₹1,358.1 crore. The Prime Large segment, which handles shipments over 15 kg, particularly exceeded expectations, with its revenue growing 170% year-over-year. Shadowfax aims to expand the coverage of this segment to 12,000 pin codes by the end of FY27.
Shadowfax co-founder and CEO Abhishek Bansal attributed the upgraded outlook to several factors, including growing demand in hyperlocal, e-commerce, and quick commerce segments, as well as new client acquisitions and expansion of its direct-to-consumer (D2C) business. The ongoing consolidation within India's third-party logistics market and an increase in low-ticket e-commerce orders are also contributing to the positive trend.
In addition to expanding its geographic reach, Shadowfax is investing in its quick commerce operations by establishing new "dark stores." The company stated it is well-positioned to achieve its ambitious growth and profitability targets for fiscal year 2027.