Unicommerce FY26: Scaling a Multi-Platform AI-First eCommerce Stack

FY26 consolidated revenue was ₹204.3 Cr (up 51.6% YoY), adjusted EBITDA was ₹43.9 Cr (up 54.5% YoY), cash flow from operations was ₹47.0 Cr, and PAT was ₹20.5 Cr (up 16.1% YoY).

Management attributed lower PAT growth mainly to non-cash amortisation expenses related to intangible assets recognised from the Shipway acquisition.

Q4 FY26 revenue was ₹51.6 Cr (up 14.0% YoY), adjusted EBITDA was ₹9.6 Cr (up 7.8% YoY), and PAT was ₹3.4 Cr (up 1.6% YoY).

ConvertWay focuses on marketing automation (pre-purchase), Uniware focuses on operations automation (order and warehouse processing), and Shipway focuses on logistics automation (shipping and post-delivery).

Management said investments started in Q4 FY26 and will continue for the next two quarters, which may lower adjusted EBITDA and PAT in the near term, but it remains confident of higher full-year operational profitability in FY27 versus FY26.

The CFO said the company is evaluating initiating a merger process between Unicommerce eSolutions Limited and Shipway Technology Private Limited to simplify structure, reduce compliance overheads and improve go-to-market alignment.