Unicommerce Revenue Surges 64% to ₹45 Crore in Q1 FY26; Net Profit at ₹3.9 Crore

Gurugram-based e-commerce software provider Unicommerce eSolutions Limited reported a strong 64% year-on-year increase in operating revenue for the first quarter of FY26, reaching ₹44.9 crore, up from ₹27.4 crore in the same quarter last year.

The company’s adjusted EBITDA more than doubled to ₹9.4 crore, with margins expanding to 21.1%, compared to 16.3% in Q1 FY25. However, the net profit saw only a modest rise of 10.8%, reaching ₹3.89 crore, primarily due to higher expenses and non-cash amortisation charges from the integration of recently acquired Shipway Technology.

Without these amortisation expenses, Unicommerce’s adjusted net profit would have stood at ₹6.3 crore — an 82% increase year-on-year.

Operational Highlights

• Annual recurring revenue (ARR) stood at ₹179.7 crore.
• The company’s international business turned operationally profitable during the quarter, supported by a lean delivery model using India-based teams.
• Shipway, the acquired logistics platform, became PAT-positive in Q1.
• Uniware, Unicommerce’s flagship order-processing platform, crossed an annual run-rate of one billion transactions, matching its peak during last year’s festive season.
• The company also launched UniReco, a new payments reconciliation module.

Rising Expenses

Total expenses for the quarter rose to ₹41 crore from ₹24 crore a year earlier. This increase was mainly driven by other operational expenses and acquisition-related amortisation from the Shipway deal. However, employee benefit expenses declined year-on-year, indicating increased cost efficiency in workforce management.

Leadership Commentary

Kapil Makhija, Managing Director and CEO, noted the company’s solid growth in international markets and highlighted Shipway’s profitability milestone. “Our international business turned operationally profitable in Q1, supported by a lean delivery model leveraging our India teams, while Shipway became PAT positive during the quarter,” he said.

Anurag Mittal, Chief Financial Officer, added, “The quarter reflected both top-line momentum and continued improvement in operating profitability. Adjusted EBITDA growth was offset at the PAT level due to acquisition-related accounting adjustments.”

Client Additions

Unicommerce continues to expand its client base, with new additions this quarter including:

• Himalaya Wellness
• Rupa
• Lacoste
• Ajanta Shoes

About Unicommerce

Founded in 2012, Unicommerce offers SaaS-based solutions for warehouse and inventory management, order and omnichannel retail management, and logistics aggregation. Its platforms — Uniware, Shipway, and Convertway — serve both digital-first brands and established retailers.