Unicommerce Reports Strong Q2 & H1 FY26 Growth, Annualized Revenue Crosses ₹200 Cr
Unicommerce reported strong Q2 and H1 FY26 results with consolidated revenue up 75.3% and 69.6% YoY respectively. Annualized revenue surpassed ₹200 crores, driven by Uniware and Shipway's profitable growth and new product launches.
The announcement details strong financial performance, strategic product launches, and positive outlook for key business segments (Uniware, Shipway). This comprehensive update on financial health, operational efficiency, and future growth drivers is highly material for investors and stakeholders.
The company reported significant year-on-year growth in consolidated revenue, adjusted EBITDA, and PAT for both Q2 and H1 FY26. Key platforms like Shipway and Uniware demonstrated strong performance, client acquisition milestones, and new product launches, indicating robust operational execution and future growth potential.
* Unicommerce eSolutions Limited announced the transcript of its Q2 and H1 FY26 Earnings Conference Call, held on Wednesday, November 12, 2025, for the quarter and half year ended September 30, 2025. * Q2 FY26 Financial Highlights (YoY Growth): * Consolidated revenue grew 75.3% to ₹51.4 crores. * Annualized revenue run rate exceeded ₹200 crores for the first time, up from approximately ₹110 crores at listing in August 2024. * Adjusted EBITDA increased 85.1% to ₹11.4 crores, with an annualized run rate over ₹45 crores. * Profit after tax (PAT) rose 29.2% to ₹5.8 crores (₹6.6 crores excluding Shipway amortization). * Earnings per share (EPS) increased 25.7% to ₹0.50. * H1 FY26 Financial Highlights (YoY Growth): * Consolidated revenue grew 69.6% to ₹96.3 crores. * Adjusted EBITDA increased 96.4% to ₹20.9 crores, with margins expanding to 21.7%. * PAT rose 21.1% to ₹9.7 crores (₹12.9 crores excluding Shipway amortization). * EPS increased 19.5% to ₹0.85. * Cash and bank balances stood at ₹63.4 crores as of September 30, 2025, with net cash flow from operations at ₹29.7 crores in H1 FY26. * Platform Performance: * Shipway remained PAT profitable, with its revenue run rate increasing 26% sequentially to ₹90 crores in Q2 FY26. * Uniware achieved an annual transaction run rate of over 1.1 billion order items and added 100+ enterprise clients, crossing 1,000 total clients. * Quick commerce throughput on Uniware crossed an annualized run rate of over 72 million order items. * New Product Launches: * Launched UniCapture, a video management system for Uniware to reduce return-related losses. * Introduced ShipSense AI module for Shipway to optimize courier allocation. * Improved Convertway's COD to prepaid journey to reduce RTO returns. * Market Outlook & Strategy: * Demand picked up late in Q2 and continued into Q3, with the festive season performing better than last year; expects improvement to show more clearly in Q3 results. * Priorities for H2 FY26 include disciplined execution, expanding the client base, and enhancing platform capabilities. * Management noted that realization per transaction is stable around ₹1.1, influenced by lower minimum guarantees for early-stage brands and increasing quick commerce/B2B volumes, countered by price escalation in new contracts and upsell of new features. * Client attrition primarily involves long-tail clients shutting down or changing business models, with minimal revenue impact. * A preferential allotment for fundraise was approved by shareholders but not yet concluded, pending potential M&A opportunities. * Depreciation and amortization (D&A) expenses reduced due to the extended useful life of assets after integrating internally developed supply chain solutions with Shipway's acquired technology. * The company prioritizes growth and long-term value creation through continued investment, even if it impacts short-term ROE.
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