UNIECOM - Unicommerce
π’ Recent Corporate Announcements
Unicommerce eSolutions reported a robust Q3 FY26 with consolidated revenue reaching INR 56.4 crores, a 72.2% YoY increase. Adjusted EBITDA grew 51% YoY to INR 13.4 crores, reflecting strong operating leverage in its SaaS model. The company successfully diversified its revenue base, reducing top 10 client concentration to 12% from 19% in FY25. Management expects Uniware to return to double-digit growth from Q4 FY26, supported by over 110 new enterprise client additions this quarter.
- Consolidated revenue grew 72.2% YoY to INR 56.4 crores with an annualized run rate exceeding INR 225 crores.
- Adjusted EBITDA increased 51% YoY to INR 13.4 crores, achieving an annualized run rate of over INR 53 crores.
- Added over 110 new enterprise clients including Godrej Interio and Shein Marketplace, reducing top 10 client concentration to 12%.
- Shipway and ConvertWay reached an annualized revenue run rate of approximately INR 100 crores.
- Launched three core AI capabilities: Catalyst AI Voice Agent, UniBot AI Assistant, and ShipSense AI to drive operational efficiency.
Unicommerce eSolutions Limited has announced its participation in the IIFL 17th Entrepreneurial India Conference 2026 in Mumbai. The company officials are scheduled to engage in one-on-one and group meetings with institutional investors on February 26, 2026, starting from 9:00 AM. The management has clarified that discussions will be limited to publicly available information and no unpublished price sensitive information (UPSI) will be shared. This is a standard regulatory disclosure under SEBI Listing Obligations.
- Participation in IIFL 17th Entrepreneurial India Conference 2026 scheduled for February 26, 2026.
- Meetings include both 1x1 and group formats with institutional investors in Mumbai.
- Interaction sessions are scheduled to begin from 9:00 AM onwards.
- Company confirms no unpublished price sensitive information (UPSI) will be discussed during the event.
Unicommerce's logistics SaaS platform, Shipway, has integrated with ElasticRun to enable same-day and next-day delivery capabilities for e-commerce and D2C brands. The partnership initially covers six major cities: Delhi, Mumbai, Bengaluru, Hyderabad, Pune, and Kolkata, focusing on high-demand sectors like FMCG and fashion. This integration allows Unicommerce's 7,500+ clients to access a hyperlocal delivery network without investing in their own infrastructure. The move is strategically aimed at capturing the growing market demand for quick-commerce speeds within traditional e-commerce frameworks.
- Integration enables same-day and next-day deliveries across 6 major Indian metropolitan cities.
- Targets Unicommerce's extensive client base of 7,500+ brands across India and international markets.
- Leverages ElasticRun's AI-driven intelligence for smarter inventory placement and last-mile execution.
- Aims to reduce logistics costs for brands through Shipway's smart routing and automation-led orchestration.
- Future roadmap includes expanding from intra-city hyperlocal to faster inter-city delivery movements.
Unicommerce Esolutions Limited has published the audio recording of its Q3 and 9M FY26 earnings conference call held on February 16, 2026. The recording provides detailed management commentary on the company's financial performance for the nine months ending December 31, 2025. This filing is a mandatory compliance step under SEBI LODR Regulations to ensure equitable access to information for all shareholders. Investors can use this resource to evaluate the company's strategic direction and operational updates directly from the leadership.
- Audio recording for Q3 and 9M FY26 earnings call is now accessible via the company's website.
- The conference call was conducted on February 16, 2026, at 9:00 A.M. IST.
- Filing complies with Regulation 30 and 46(2) of SEBI LODR Regulations.
- The call covers financial and operational performance for the period ending December 31, 2025.
Unicommerce Esolutions reported robust Q3 FY26 results with revenue surging 72.2% YoY to βΉ56.4 Cr, supported by the full consolidation of Shipway. The company achieved a significant milestone with its Annual Recurring Revenue (ARR) crossing βΉ225 Cr and Adjusted EBITDA growing 51% YoY to βΉ13.4 Cr. Impressively, the 9M FY26 performance has already surpassed the entire FY25 revenue and EBITDA figures. The company is strategically transitioning to an 'AI-first' model, launching multiple AI-driven tools to drive future growth and monetization.
- Q3 FY26 Revenue grew 72.2% YoY to βΉ56.4 Cr; 9M FY26 Revenue of βΉ152.7 Cr already exceeds full FY25 revenue.
- Adjusted EBITDA for Q3 rose 51% YoY to βΉ13.4 Cr, with an annualized run-rate now exceeding βΉ53 Cr.
- Uniware standalone Adjusted EBITDA margins expanded significantly to 40.1% from 30.5% YoY due to operating leverage.
- Shipway and Convertway platforms reached an ARR of ~βΉ100 Cr, up from βΉ71 Cr in Q4 FY25.
- PAT (excluding non-cash amortization from Shipway acquisition) increased 24.9% YoY to βΉ8.2 Cr in Q3 FY26.
Unicommerce reported a robust Q3 FY26 with consolidated revenue growing 72.2% YoY to βΉ56.4 Cr, reaching an annualized run-rate of βΉ225+ Cr. Adjusted EBITDA rose 51% YoY to βΉ13.4 Cr, while Adjusted PAT (excluding non-cash amortization from the Shipway acquisition) grew 24.9% YoY to βΉ8.2 Cr. The company is successfully integrating Shipway, which now has a βΉ100 Cr annualized revenue run-rate, and is transitioning to an AI-first product strategy. Management expects Uniware to return to double-digit growth from Q4 FY26 onwards following 110+ new enterprise acquisitions this quarter.
- Consolidated revenue grew 72.2% YoY to βΉ56.4 Cr in Q3 FY26, with 9M FY26 revenue up 70.6% to βΉ152.7 Cr.
- Adjusted EBITDA for 9M FY26 at βΉ34.3 Cr has already surpassed the full-year FY25 figure of βΉ28.4 Cr.
- Shipway business annualized revenue run-rate increased 37.8% to ~βΉ100 Cr compared to Q4 FY25.
- Uniware standalone revenue grew 8.1% YoY with 110+ new enterprise additions including Godrej Interio and Shein Marketplace.
- Launched three major AI capabilities: Catalyst AI Voice Agent, UniBot AI Assistant, and ShipSense AI to drive future monetization.
Unicommerce Esolutions Limited has scheduled its earnings conference call to discuss financial results for the third quarter and nine months ended December 31, 2025 (FY26). The call is set for Monday, February 16, 2026, at 9:00 AM IST. Senior management, including the MD & CEO Kapil Makhija and CFO Anurag Mittal, will be present to address investor queries. This call provides a platform for the company to detail its operational performance and future growth strategies in the e-commerce enablement space.
- Earnings call for Q3 & 9M FY26 scheduled for February 16, 2026, at 9:00 AM IST.
- Management representation includes MD & CEO Kapil Makhija and CFO Anurag Mittal.
- The call will cover financial performance for the nine-month period ending December 2025.
- International dial-in options available for investors in the USA, UK, Singapore, and Hong Kong.
- Pre-registration link and RSVP details through Strategic Growth Advisors have been provided.
Unicommerce Esolutions has secured a partnership with SuperYou, a consumer nutrition brand co-founded by Ranveer Singh and Nikunj Biyani. SuperYou will deploy Unicommerce's Uniware platform to centralize order and inventory management across marketplaces, D2C websites, and quick commerce channels. This partnership reinforces Unicommerce's market leadership, as it currently serves over 7,500 clients globally. The company's flagship platform recently achieved an annualized transaction run rate of over 1 billion order items in Q3 FY25.
- SuperYou adopts Uniware platform for multi-channel e-commerce and quick commerce fulfillment.
- Unicommerce serves a global client base of 7,500+ businesses across India, SE Asia, and the Middle East.
- Uniware platform reached an annualized transaction run rate of 1 billion+ order items in Q3 FY25.
- The partnership focuses on real-time inventory visibility and centralized returns management to scale operations.
Unicommerce's logistics platform, Shipway, has launched 'Shipway Cargo' to target the high-growth quick commerce and B2B logistics segments. This SaaS solution is specifically designed for dark-store replenishment, distributor supplies, and bulky inventory transfers, moving beyond traditional parcel shipping. The launch aligns with the Indian e-commerce logistics market's projected growth from USD 7.25 billion in 2026 to USD 11.14 billion by 2031. This strategic expansion allows Unicommerce to deepen its integration with its 7,500+ existing clients and capture a larger share of the B2B supply chain technology market.
- New SaaS solution 'Shipway Cargo' targets quick commerce replenishment and high-frequency B2B logistics.
- Unicommerce serves over 7,500 clients across India, Southeast Asia, and the Middle East.
- The company's flagship Uniware platform achieved an annualized transaction run rate of 1 billion+ order items in Q3 FY25.
- Addresses the Indian e-commerce logistics market projected to reach USD 11.14 billion by 2031.
- Features include slot-based delivery scheduling and access to specialized courier partners for bulky goods.
Unicommerce has entered a strategic partnership with Naqel Express, Saudi Arabiaβs largest logistics company, to bolster its e-commerce enablement services in the GCC region. This integration allows Unicommerce's 7,500+ global clients to access Naqelβs 5,000+ delivery touchpoints across the Kingdom of Saudi Arabia. The partnership also facilitates cross-border trade between India and KSA, leveraging Unicommerce's platform which processed over 1 billion annualized order items in Q3 FY25. This move significantly strengthens the company's international presence in high-growth Middle Eastern markets.
- Strategic partnership with Naqel Express, providing access to 5,000+ logistics touchpoints in KSA.
- Expansion of services across GCC markets including UAE, Bahrain, Oman, Kuwait, and Qatar.
- Facilitates cross-border e-commerce shipping specifically between Saudi Arabia and India.
- Unicommerce's Uniware platform achieved an annualized run rate of 1 billion+ order items in Q3 FY25.
- The company currently serves a base of 7,500+ clients across India, SE Asia, and the Middle East.
Unicommerce's marketing automation arm, Convertway, has launched 'Catalyst', a bilingual AI voice agent designed to recover abandoned e-commerce checkouts. The tool addresses a global cart abandonment rate that has reached over 70% as of 2025, focusing on real-time customer engagement in Hindi and English. By automating follow-ups for COD orders and product queries, the solution aims to reduce revenue leakage and Return-to-Origin (RTO) rates for its 7,500+ clients. This product launch strengthens Unicommerce's SaaS suite, which already processes over 1 billion order items annually.
- Launched 'Catalyst', a bilingual AI voice agent to recover abandoned e-commerce checkouts and improve conversions.
- Addresses global cart abandonment rates which have climbed from 59% in 2006 to over 70% in 2025.
- Targets reduction in Return-to-Origin (RTO) rates and improves fulfillment efficiency for 7,500+ clients.
- Unicommerce's Uniware platform reported an annualized transaction run rate of 1 billion+ order items in Q3 FY25.
Unicommerce Esolutions Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This filing pertains to the quarter ended December 31, 2025, and confirms that the company is in compliance with depository norms. The certificate was issued by MUFG Intime India Private Limited, the company's Registrar and Share Transfer Agent. Such filings are standard procedural requirements for listed entities to verify the dematerialization of share certificates.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Registrar and Share Transfer Agent confirmed as MUFG Intime India Private Limited
- Confirms adherence to timelines for processing dematerialization requests
Unicommerce Esolutions Limited has announced the closure of its trading window effective January 1, 2026, in compliance with SEBI insider trading regulations. This closure is a standard procedure ahead of the declaration of the company's audited financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and insiders until 48 hours after the financial results are officially announced to the exchanges.
- Trading window closure begins on January 1, 2026.
- Closure is related to the audited financial results for the quarter ending December 31, 2025.
- The window will reopen 48 hours after the announcement of the financial results.
- The restriction applies to all designated persons, their immediate relatives, and other insiders.
Unicommerce Esolutions Limited has announced a virtual group meeting with analysts and institutional investors scheduled for December 30, 2025, at 4:00 pm. The company clarified that the discussions will be restricted to publicly available information and no unpublished price sensitive information will be shared. This meeting is part of the company's regular investor engagement process under SEBI LODR regulations. Such interactions often provide institutional investors with a better understanding of the company's operational roadmap.
- Virtual group meeting scheduled for December 30, 2025, starting at 4:00 pm.
- Interaction will involve company officials and various institutional participants.
- Discussions will be based strictly on publicly available information to avoid UPSI disclosure.
- The intimation is compliant with Regulation 30(6) of SEBI LODR Regulations 2015.
Unicommerce eSolutions has announced a new partnership with haircare brand Moxie Beauty to streamline its multi-channel e-commerce operations. Moxie Beauty will deploy Unicommerce's Uniware platform for inventory management and its new UniCapture video solution for return dispute resolution. This partnership strengthens Unicommerce's position in the fast-growing beauty and personal care segment. The company continues to scale, having reached an annualized transaction run rate of over 1 billion order items in Q3 FY25 and serving over 7,100 clients globally.
- Moxie Beauty to implement Uniware for multi-channel order and warehouse management across web and quick commerce.
- Deployment of UniCapture VMS to provide verifiable visual proof for shipments and reduce return disputes.
- Integration of Unicommerce B2B suite to manage bulk shipments for modern trade and salon partnerships.
- Unicommerce serves 7,100+ clients across India, Southeast Asia, and the Middle East.
- Uniware platform achieved an annualized transaction run rate of over 1 billion order items in Q3 FY25.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 75.3% YoY to INR 51.4 Cr in Q2 FY26. Shipway delivered 26% sequential growth with its revenue run rate increasing from INR 70 Cr in Q1 FY26 to over INR 90 Cr in Q2 FY26. Uniware remains the key contributor to profitability.
Geographic Revenue Split
Not disclosed in available documents, though the company notes steady growth in its international business which is diversifying the revenue base.
Profitability Margins
Gross Margin stood at 54.6% in H1 FY26, down from 78.5% in H1 FY25 due to the inclusion of Shipway freight costs. PAT Margin was 10.0% in H1 FY26 compared to 14.1% in H1 FY25, impacted by non-cash amortization of INR 4.35 Cr related to the Shipway acquisition.
EBITDA Margin
Adjusted EBITDA Margin stood at 22.2% in Q2 FY26, up from 21% in Q2 FY25. Adjusted EBITDA grew 85.1% YoY to INR 11.4 Cr, driven by AI-enabled efficiencies and operating leverage.
Capital Expenditure
The company expenses incremental platform enhancements but capitalizes new product development. No specific future INR Cr figure is disclosed, but management stated no further capitalization is planned for current products in the near term.
Credit Rating & Borrowing
Borrowings were reduced from INR 4.54 million in March 2025 to nil by September 2025. Finance costs were INR 5.77 million in FY25, primarily related to Ind AS 116 lease liabilities.
Operational Drivers
Raw Materials
As a SaaS provider, direct costs include Server hosting expenses (2.6% of Q2 FY26 revenue), software services, and support costs. Freight and shipping expenses for the Shipway business totaled INR 14.29 Cr in FY25.
Capacity Expansion
Items processed on the Uniware platform grew 19.1% YoY to 530.5 million in H1 FY26. The company is scaling its platform to support an annualized revenue run rate of over INR 200 Cr.
Raw Material Costs
Server hosting expenses were INR 1.35 Cr in Q2 FY26. Direct costs are managed through AI-enabled operational efficiencies to enhance operating leverage.
Manufacturing Efficiency
Revenue per employee increased 25.8% YoY to INR 4.2 million in H1 FY26, reflecting improved operational efficiency.
Logistics & Distribution
Not disclosed as a separate percentage of revenue, but freight costs are a primary driver of the gross margin shift following the Shipway acquisition.
Strategic Growth
Expected Growth Rate
75.30%
Growth Strategy
Growth will be achieved by reinvesting Shipway profits into sales and brand building, expanding the international footprint, and launching new products like Convertway. The company aims to leverage its 7,500+ client base and scale Uniware as a high-margin profitability engine.
Products & Services
SaaS solutions for e-commerce including multichannel order management, inventory management, shipping automation, and marketing automation.
Brand Portfolio
Uniware, Shipway, Convertway.
New Products/Services
Convertway (marketing automation) and new use cases for existing segments are expected to drive consistent new client additions.
Market Expansion
Expansion into international markets to diversify the revenue base and increase overseas footprint.
Strategic Alliances
Strategic Growth Advisors (Investor Relations Advisors).
External Factors
Industry Trends
The e-commerce SaaS industry is growing rapidly, with a shift toward integrated multi-channel management and automated shipping. UNIECOM is positioned as a comprehensive suite provider (Uniware + Shipway + Convertway) to capture this demand.
Competitive Landscape
Shipway is noted as a relatively new entrant in a large market opportunity, requiring investment in brand building against established competitors.
Competitive Moat
Competitive advantage is derived from strong operating leverage (EBITDA growth of 85.1% outpaced revenue growth of 75.3%) and a large, diversifying client base of 7,500+ businesses which creates high switching costs.
Consumer Behavior
Shift toward multi-channel e-commerce and demand for faster, automated shipping fulfillment is driving platform adoption.
Regulatory & Governance
Industry Regulations
Compliant with Secretarial Standards and Listing Agreements; management states no specific restrictive laws apply to the company's SaaS operations.
Environmental Compliance
Total CSR amount spent for the financial year was INR 22,75,000 (INR 0.2275 Cr).
Taxation Policy Impact
Effective tax rate for Q2 FY26 was approximately 26.8% (INR 2.09 Cr tax on INR 7.79 Cr PBT).
Risk Analysis
Key Uncertainties
Integration risks associated with Shipway and the impact of non-cash amortization charges on reported profitability (INR 4.35 Cr in H1 FY26).
Geographic Concentration Risk
Not disclosed, though international business is cited as a diversification strategy.
Third Party Dependencies
Dependency on server hosting infrastructure for SaaS delivery and freight partners for Shipway's shipping services.
Technology Obsolescence Risk
Mitigated by ongoing investment in AI-enabled operational efficiencies and platform innovation.
Credit & Counterparty Risk
Receivables quality is stable with a trade receivables turnover ratio of 10.01 and DSO of 36.47 days.