Shadowfax Targets ₹4,500 Crore Revenue by FY26, Eyes Gradual Margin Improvement

• Shadowfax aims for ₹4,000-4,500 crore revenue in FY26, aligning with analyst expectations.
• The company expects ₹140-145 crore EBITDA for the year, with margins gradually improving from 2.9% in H1.
• Value-added services contribute 40-45% of revenue, while quick commerce is projected to grow to 30-40% of business.
• Shadowfax plans to reduce reliance on its largest client by expanding services to small sellers and D2C brands.
• The company is exploring acquisitions and investing in large-item and bulky-goods delivery for growth.

Why It Matters: Shadowfax projects significant revenue growth and improved profitability by FY26, driven by diversified services and market expansion.