Investor Presentation

Date: 05th November 2026 BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400 051 BSE Scrip Code: 544871 NSE Scrip Symbol: SHIPROCKET Subject: Investor Presentation on the Financial Results of the Company for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the presentation to be made to the Analysts and/or Institutional Investors on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The same is available on the website of our Company at https://www.shiprocket.in/investor- relations/results/. Thanking you, Yours faithfully, For Shiprocket Limited (Previously known as Shiprocket Private Limited Originally known as Bigfoot Retail Solutions Private Limited) Nikhil Kumar Company Secretary and Compliance Officer Place: Gurugram Simplifying Commerce Earnings Presentation Q2 FY2027 Safe Harbour and Disclaimer Thispresentationcontainsstatementsthatare,ormaybedeemedtobe,forward-lookingstatements,includingstatementsrelatingtotheCompany'sbusinessobjectives,strategy,growthprospects,productandservice expansion,estimatesofrevenue and margin, futurefinancialoroperating performance, and industryoutlook.Suchstatements maybeidentified bywordssuchas “plans”, “expects”,“will”, “anticipates”, “believes”, “intends”,“projects”, “estimates”orwordsofsimilarmeaning.Forward-lookingstatementsarebasedonassumptions andexpectations offutureevents whichthe Companycannotguaranteeto beaccurate orto be realised, and are subject to risks and uncertainties, many of which are outside the Company's control. Actual results, performance or achievements may differ materially from those expressed or implied in such statements. Readers are cautioned not to place undue reliance on them. The Company assumes no obligation to update or revise any forward-looking statement to reflect subsequent events, information or developments,exceptasrequiredunderapplicablelaw. The financial information in this presentation for the quarterand half year ended 30 September 2026 is unaudited. It has been prepared in accordance with Ind AS 34 “Interim Financial Reporting” and has been subjectedtoalimitedreviewbytheCompany'sstatutoryauditorspursuanttoRegulation33oftheSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015.Figuresforthequarterended31March2026 arethebalancingfiguresbetweentheauditedfull-yearfiguresandtheauditedyear-to-datefiguresuptothethirdquarterofthatfinancialyear.Allfiguresarein₹Mnunlessstatedotherwise,andindividualamounts maynotsumtototalsduetorounding. InadditiontofinancialinformationpresentedinaccordancewithIndAS,thispresentationcontainscertainnon-GAAPmeasures,includingAdjustedEBITDA,AdjustedEBITDAMarginandContributionMargin,eachalso presentedforthe CoreBusiness and the Emerging Business.Managementusesthese measuresto evaluate operating performance and believestheyprovide usefuladditionalinformation to investors.Theyarenot measuresofperformanceunderIndAS,arenotuniformlydefined,maynotbecomparabletosimilarlytitledmeasurespresentedbyothercompanies,havelimitationsasanalyticaltools,andshouldnotbeconsideredin isolationorasasubstituteformeasurespreparedinaccordancewithIndAS.DefinitionsandreconciliationstothenearestIndASmeasurearesetoutintheAppendix. Someoperating metricsarederived from theCompany'sinternalmanagementsystems,arenotdefinedunderIndAS,andhavenotbeenauditedorreviewedbythestatutoryauditorsorbyanyindependent agency. Metrics presentedonatrailingtwelvemonths(“TTM”)basis arecomputedover the twelve-monthperiodendedonthe relevantmeasurementdate.Becausecertain operating metricswithinthatperiodarecounted only once, TTM figures are not the sum of, and will not reconcile to, the constituent quarterly figures. Measurementmethodologies may be refinedover time, and prior periods will be restated where this occurs. ThisPresentationispreparedbyShiprocketLimited(“Company”)andisforinformationpurposesonlywithoutregardstospecificobjectives,financialsituationsorneedsofanyparticularpersonandnothinginitshallbe construedasaninvitation,offer,solicitation,recommendationoradvertisementinrespectofthepurchaseorsaleofanysecuritiesoftheCompanyoranyaffiliatesinanyjurisdictionorasaninducementtoenterinto investmentactivityandnopartofitshallformthebasisoforberelieduponinconnectionwithanycontractorcommitmentorinvestmentdecisionwhatsoever.ThisPresentationdoesnottakeintoaccount,nordoesit provideanytax,legalorinvestmentadviceoropinionregardingthespecificinvestmentobjectivesorfinancialsituationofanyperson. The structural shift of India’s ~60 Mn retail MSMEs moving from offline to digital 300-320 ~8% → ~15% Share of online commerce Online shoppers today Today → 2030 O U R VIE W We continue to be bullish on D2C and QCom in India Retail MSMEs in India Of India’s online retail GMV comes from Tier 2+ cities Q2 FY27 | Key financial numbers continue to improve Overall Business Core Business Emerging Business ₹ 6,736 Mn ₹ 4,615 Mn ₹ 2,122 Mn Revenue Revenue Revenue +35% YoY +25% YoY +61% YoY ₹ 142 Mn ₹ 591 Mn ₹ (449) Mn Overall Adj EBITDA Adj. EBITDA Adj. EBITDA 2.1% margin 12.8% margin (21.2%) margin ₹ 551 Mn Net Cash from Operations in H1 FY27 vs ₹ 238 Mn in H1 FY26 Q2 FY2027 | Revenue up 35% YoY, PAT turns positive Quarterly Growth Metrics Broad-Based Volume Growth Platform growing steadily TTM Metrics 33% 35% GMV Revenue Q2 FY2027 233 Mn 8% 25% Transactions processed 34% Transactions Merchants ARPU 373,987 Mn Operating leverage on account of platform scaling 236,116 3.3x ₹ 6 Mn Active Merchants Adj EBITDA Profit after tax 14Bn+ Monthly API Hits | 250+ Ecosystem Partners |175 Mn+ End consumer served Transactions: count of distinct transactions processed by Merchants with the Company for the relevant period, regardless of the number of products or services availed. GMV:Sum of invoice of value of goods processed from Unique Transactions by the Merchants on the Shiprocket Active Merchants:A Merchant, identified by a unique mobile number, who has utilised Shiprocket’sservices at least once during the relevant period API Hits refer to the number of times an Application Programming Interface (API) is called or accessed by users, systems, or applications within a given period. Each "hit" represents a single request made to the API, regardless of whether the request issuccessful or results in data retrieval Ecosystem Partners :Comprises our partners, including logistics and fulfilment centre providers, communication platforms, shopping carts, social media platforms and marketplaces, payment gateways, ERPs, developers, credit providers and loyalty, discountand reward providers Product catalogue refers to the total number of products listed on our active merchants website/App Revenue up 35% YoY, with contribution margin 108 bps higher at 19.3% Revenue from Operations (₹ Mn) Contribution Margin (₹ Mn) YoY: +35% YoY: +43% QoQ: +14% QoQ: +13% 6,736 1,300 5,921 1,151 5,002 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 MARGIN % 18.2% 19.4% 19.3% All figures are in ₹ Mn unless stated otherwise. Non-GAAP measures are reconciled to the nearest Ind AS measure in the Appendix. Contribution Margin (non-GAAP): Revenue from Operations less Cost of Merchant Solutions, communication cost, Payment Gateway Charges, promotional cashback and incentives, performance marketing costs, fulfilment centre related costs and salary costs for Key Account Managers and the Performance Marketing team. Contribution Margin % is Contribution Margin divided by Revenue from Operations. Adjusted EBITDA up ~3.3x YoY to ₹142 Mn; PAT turns positive at ₹6 Mn Adjusted EBITDA (₹ Mn) PAT (₹ Mn) YoY: +₹209 Mn YoY: +231% QoQ: +₹143 Mn QoQ: +59% (137) (203 [Showing first 8,000 characters — download PDF for full document]