SHADOWFAXTECHNOLOGIES / guidance tracker

Keep management guidance in view.

Shadowfax Technologies · forward-looking guidance across the available source record.

Research layer active

Guidance tracker

What management said would happen.

Overall revenue growth 27-30% in FY27

Management expects consolidated revenue growth of 27-30% for FY27, with hyperlocal growing 45-50% and express parcel contributing the rest.

revenue

EBITDA margin improvement of 100-120bps annually through FY28

Adjusted EBITDA margin to expand by 100-120 basis points each year for the next two years, driven by operating leverage and service mix.

margins

Capex of ₹180-190 crore in FY27

Absolute capex expected to be similar to FY26, at ₹180-190 crore, with dark stores comprising less than 10% of total.

capex

Pincode coverage to reach 17,000 by FY27 end

Targeting 17,000 pincodes by end of FY27, up from 15,600 currently, with full country coverage by FY28.

expansion