Unicommerce Q1: Profit Jumps 11% YoY To INR 3.9 Cr

Ecommerce-focussed SaaS company Unicommerce’s consolidated net profit rose 11% to INR 3.9 Cr in Q1 FY26 from INR 3.5 Cr in the year-ago quarter. On a sequential basis, profit rose 18% from INR 3.3 Cr.

The company reported the YoY rise in its bottom line on the back of hefty growth in revenue, improvement in EBITDA, and logistics management vertical Shipway turning profitable during the quarter under review.

Operating revenue zoomed 63% to INR 44.9 Cr during the quarter from INR 27.5 Cr in the year-ago period. Sequentially, it slipped 0.8% from INR 45.3 Cr. Including other income of INR 82.9 Lakh, Unicommerce’s total income for the quarter stood at INR 45.8 Cr. 

“The revenue performance was supported by the sustained scale of Uniware (order processing platform) and continued growth momentum in Shipway. Our profitability improvement reflects disciplined cost management, use of AI to improve operational efficiency, and PAT-positive performance by Shipway,” said Unicommerce CFO Anurag Mittal.

Meanwhile, the company’s expenses grew 67% to INR 40.6 Cr from INR 24.3 Cr in Q1 FY25. 

EBITDA zoomed 100.3% to INR 84.1 Cr in Q1 FY26 from INR 42 Cr in the year-ago quarter. EBITDA margin also improved 343 bps to 18.7% from 15.3% in Q1 FY25.

The company attributed the lower profit growth, compared to the EBITDA growth, to amortisation expenses of INR 3.3 Cr. 

“The lower PAT growth compared to adjusted EBITDA growth reflects amortisation expenses of INR 3.3 Cr related to intangible assets recognised from the acquisition of Shipway…, in accordance with applicable accounting standards. Excluding this non-cash expense, PAT for the quarter would have been INR 6.4 Cr, representing a YoY increase of 81.5%,” Mittal added.

After acquiring a 42.7% stake in Shipway in November 2024, Unicommerce initiated the complete buyout of the platform in March via a share-swap arrangement. 

Unicommerce Grows Steadily In Q1

The company said it added 88 new enterprise clients, including Ajanta Shoes, Himalaya Wellness, Rupa, Lacoste, Richlook, SuperYou, among others, in Q1 FY26.

As a result, its total enterprise clients at the end of June 2025 stood at 979, marking a 14.5% increase from 855 clients during the same period last year. Unicommerce’s dependence on its top 10 clients went down significantly to 15.2% in Q1 FY26 from 21.3% in the year-ago quarter.

Unicommerce’s offerings include ecommerce marketing automation tool Convertway, order processing platform Uniware, and logistics management platform Shipway.

“… Our international business for the Uniware platform maintained its positive momentum and achieved operational profitability during the quarter… Aligned with our focus on profitability, we reviewed and restructured select low-margin accounts, enabling Shipway to become PAT positive in this quarter. Convertway progressed steadily, with feature additions…,” said MD and CEO Kapil Makhija.

On the operational front, Unicommerce processed 25.5 Cr items in Q1 FY26, up 19.8% YoY, while it clocked an annualised run rate (ARR) of 4.8 Cr items for the quick commerce channel. Uniware clocked 1 Bn+ in annual transaction run-rate during the quarter under review.

Unicommerce said it continued to leverage AI in its operations, including use cases such as code development, ticket resolution, and client support functions.

“Our focused execution allowed us to enhance operational performance while continuing to invest in long-term platform development. As we look ahead in FY26, we remain committed to disciplined execution, deepening client relationships, and strengthening platform capabilities,” added Makhija. 

Shares of Unicommerce ended today’s trading session 2.53% higher at INR 125.70 on the BSE.