UNIECOM - Unicommerce
π’ Recent Corporate Announcements
Unicommerce Esolutions Limited has officially released the audio recording of its analyst and institutional investor conference call held on April 28, 2026. The call focused on the company's financial results for the fourth quarter and the full fiscal year ending March 31, 2026. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations, 2015. Investors can access the recording on the company's website to hear management's detailed commentary on business performance and future strategy.
- Audio recording of the Q4 and FY26 earnings call is now available for public review.
- The conference call was conducted on April 28, 2026, at 9:00 A.M. IST.
- Disclosure made in compliance with Regulation 30 and 46(2) of SEBI (LODR) Regulations, 2015.
- The recording covers performance discussions for the financial year ended March 31, 2026.
Unicommerce eSolutions reported a robust FY26 with revenue growing 51.6% YoY to βΉ204.3 Cr and Adjusted EBITDA rising 54.5% to βΉ43.9 Cr. The company successfully met the "Rule of 40" industry benchmark for SaaS companies, demonstrating a healthy balance of high growth and profitability. While PAT growth was more modest at 16.1% due to non-cash amortization from the Shipway acquisition, cash flow from operations surged 68.1% to βΉ47.0 Cr. The firm is now pivoting toward an AI-first strategy, having onboarded a record 450+ enterprise clients during the fiscal year.
- Annual revenue grew 51.6% YoY to βΉ204.3 Cr, while Adjusted EBITDA increased 54.5% to βΉ43.9 Cr.
- Achieved the "Rule of 40" with strong operating leverage and a 68.1% surge in cash flow from operations to βΉ47.0 Cr.
- Onboarded a record 450+ enterprise clients in FY26, including marquee brands like Onida, Kenstar, and Himalaya Wellness.
- Processed approximately 25-30% of all eCommerce dropship volumes in India through its Uniware platform.
- Q4 FY26 revenue stood at βΉ51.6 Cr, showing 14.0% YoY growth despite seasonal demand normalization.
Unicommerce reported a strong FY26 with revenue growing 51.6% YoY to βΉ204.3 crores and Adjusted EBITDA rising 54.5% to βΉ43.9 crores. The company successfully transitioned to a multi-platform SaaS model and met the 'Rule of 40' metric, indicating efficient growth. While annual performance was robust, Q4 growth was more moderate at 14% YoY due to targeted investments in the Shipway platform. Cash generation remains a highlight, with cash flow from operations increasing 68.1% to βΉ47.0 crores.
- FY26 Revenue increased 51.6% YoY to βΉ204.3 Cr, achieving 5x revenue growth over the last five years.
- Adjusted EBITDA grew 54.5% YoY to βΉ43.9 Cr with a healthy margin of 21.5% for the full year.
- Cash and bank balances more than doubled to βΉ81.3 Cr, supported by βΉ47.0 Cr in operating cash flow.
- Onboarded over 450 enterprise clients in FY26, with Q4 seeing record additions of 149 clients.
- International Uniware business turned operationally profitable while B2B and Quick Commerce modules saw 40-45% adoption.
Unicommerce Esolutions has secured a strategic partnership with Relaxo Footwears, India's largest footwear manufacturer, to manage its expanding e-commerce operations. Relaxo will implement the Uniware platform to integrate its orders, inventory, and warehouses across multiple online marketplaces and its brand website. This collaboration highlights Unicommerce's strong market position, adding to its existing base of over 7,500 clients. The move is expected to enhance Relaxo's fulfillment efficiency and customer experience as online demand grows.
- Partnership with Relaxo Footwears, India's largest footwear manufacturer, to power online sales.
- Implementation of Uniware platform for multi-channel order and warehouse management.
- Unicommerce serves 7,500+ clients and processed over 1 billion annualized order items in Q3 FY25.
- Focus on improving Relaxo's post-purchase experience through a unified returns management system.
Unicommerce Esolutions Limited (UNIECOM) has announced its earnings conference call to discuss financial results for the fourth quarter and the full fiscal year ending March 2026. The call is scheduled for April 28, 2026, at 9:00 AM IST and will feature the Managing Director & CEO, Kapil Makhija, and CFO, Anurag Mittal. This is a standard regulatory procedure to provide transparency to shareholders and analysts regarding the company's annual performance. The company has provided both domestic and international dial-in details for global participation.
- Earnings conference call scheduled for April 28, 2026, at 9:00 AM IST.
- Discussion to focus on Q4 FY26 and full-year FY26 financial performance.
- Management representation includes MD & CEO Kapil Makhija and CFO Anurag Mittal.
- International access provided via toll-free numbers for USA, UK, Singapore, and Hong Kong.
Unicommerce eSolutions has secured a partnership with Nayasa Homeware to manage its backend e-commerce operations, including order and logistics management. This move capitalizes on the high-growth home and kitchen segment, which Unicommerce reports saw a 46% YoY increase in order volumes and a 29% growth in GMV. The partnership will enable Nayasa to automate order processing and improve inventory synchronization across multiple channels. This addition strengthens Unicommerce's portfolio of over 7,500 clients and supports its massive scale of over 1 billion annualized order items.
- Nayasa Homeware adopts Unicommerceβs integrated order and logistics management platform.
- Home and Furniture category recorded a 46% YoY increase in order volumes and 29% GMV growth.
- Unicommerceβs Uniware platform achieved an annualized transaction run rate of over 1 billion order items in Q3 FY25.
- The company serves a growing base of 7,500+ clients across India, Southeast Asia, and the Middle East.
Unicommerce Esolutions Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, covers the quarter ended March 31, 2026. This filing confirms that the company and its Registrar and Share Transfer Agent (RTA) are following standard procedures for the dematerialization of share certificates. Such filings are mandatory for all listed companies to ensure transparency in shareholding records.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
- Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 confirmed
- Standard procedural filing with no impact on company fundamentals
Unicommerce Esolutions Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI insider trading regulations. This closure is ahead of the announcement of audited financial results for the quarter and financial year ending March 31, 2026. The window will remain shut for all designated persons and insiders until 48 hours after the results are declared. This is a standard regulatory procedure for all listed entities in India to prevent insider trading during sensitive periods.
- Trading window closure starts from Wednesday, April 1, 2026.
- Closure is for the quarter and financial year ending March 31, 2026.
- Window reopens 48 hours after the declaration of audited financial results.
- Restricts trading for designated persons, their immediate relatives, and other insiders.
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.
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.