Unicommerce Q1 FY26: Revenue up 64% to ₹45 crore, profit at ₹3.9 crore
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Team SSI
- August 16, 2025
Founded in 2012, Unicommerce offers solutions for warehouse and inventory management, order and omnichannel retail management, and logistics aggregation. Its platforms—Uniware, Shipway, and Convertway—are used by both established retailers and digital-first brands. During the June quarter, it also added new clients including Himalaya Wellness, Rupa, Lacoste, and Ajanta Shoes.
The Gurugram-based ecommerce software provider recorded a strong 64% year-on-year growth in operating revenue for the June quarter. However, its net profit stayed almost flat due to higher expenses and non-cash charges linked to a recent acquisition.
In the first quarter of FY26, the company reported consolidated revenue of Rs 44.9 crore, compared to Rs 27.4 crore in the same period last year. Adjusted EBITDA more than doubled to Rs 9.4 crore, with margins improving to 21.1% from 16.3% a year ago.
Profit after tax rose 10.8% to Rs 3.89 crore. But if one excludes amortisation costs related to the integration of Shipway Technology, the net profit would have been Rs 6.3 crore, an 82% increase. The company’s annual recurring revenue stood at Rs 179.7 crore.
“Our international business turned operationally profitable in Q1, supported by a lean delivery model run by our India teams. Shipway also became PAT positive during the quarter,” said Kapil Makhija, MD & CEO of Unicommerce. He added that the company had launched UniReco, a payments reconciliation solution, while Uniware, its flagship order-processing platform, crossed an annual run-rate of one billion transactions, equalling last year’s festive peak.
Total expenses rose to Rs 41 crore from Rs 24 crore last year, mainly due to other expenses and amortisation linked to Shipway’s acquisition. Interestingly, employee benefit expenses actually went down year-on-year.
According to CFO Anurag Mittal, the quarter showed “both strong revenue growth and consistent improvement in operating profitability.” He noted that while adjusted EBITDA improved significantly, the impact of acquisition-related accounting adjustments held back PAT growth.
Disclaimer: The views expressed are purely informational and not financial advice.
