Womancart Ltd reports 126% revenue jump to ₹13,369 lakh in FY26

Womancart Ltd – FY26 Financial & Business Update (April 29 2026)

Key Financial Highlights

• Revenue: ₹13,369 lakh FY26 (+126% YoY); H2FY26 ₹8,389 lakh (+125.8% YoY)
• EBITDA: ₹1,787 lakh FY26 (+80.2% YoY); margin 13.4% (H2FY26 margin 8.1%)
• PAT: ₹811 lakh FY26 (+12.9% YoY); EPS ₹10.1
• COGS: ₹9,581 lakh FY26 (+183.3% YoY) – reflects scale and strategic discounting
• Gross Margin: 21.4% in H2FY26
• Depreciation & Tax: Depreciation ₹563 lakh FY26 (+321% YoY); Tax ₹399 lakh FY26 (+203.7% YoY)

Operational Highlights

• Orders: 749,331 in H2FY26
• Customer Retention: 30% repeat rate, indicating improving platform stickiness
• Same‑Store Sales Growth (SSSG): 20%
• Revenue per Sq ft: ₹32,000 per annum

Strategic Initiatives

1. Private‑Label Expansion – Kids Segment
   • Launched Blluex Junior with 136 SKUs and ~1,500 orders shortly after launch.
2. Offline Footprint
   • Added two new stores in FY26, bringing total to nine strategically placed in high‑footfall micro‑markets.
3. International Push – Australia
   • 256 SKUs launched, ~99% sell‑through, AUD 99K annualised run‑rate.
   • 78% of demand organic; repeat rate 16% – clear upside for LTV.
4. Technology‑Led Growth
   • Ongoing platform and backend upgrades to boost site performance and operational efficiency.

Management Commentary

“FY26 has been a defining year… while margins saw some moderation due to higher marketplace contribution, we are witnessing improved repeat purchases and stronger customer engagement. Our investments across retail, private labels, technology and international markets are aligned with our long‑term vision.” – Madhu Sudan Pahwa, Managing Director

Risks & Considerations

• Margin Pressure: Higher COGS and a larger share of lower‑margin marketplace sales.
• Cost Inflation: Rising raw‑material prices and tax liabilities.
• Equity Dilution: EPS of ₹10.1 reflects recent capital raises.
• Geographic Concentration: Australian revenue heavily weighted to Victoria (≈66% of orders).
• Execution Risk: Scaling offline stores and private‑label lines while maintaining profitability.

Opportunities

• High‑Growth Private Labels: Kids segment and other in‑house brands can improve margin profile.
• Offline‑Online Synergy: New stores can drive omnichannel sales and higher basket values.
• International Expansion: Early success in Australia provides a template for other markets.
• Technology Investments: Expected to enhance conversion rates and reduce unit economics.

Forward Outlook The company projects continued double‑digit revenue growth, with a focus on improving EBITDA margins through a higher proportion of own‑brand sales, cost optimisation, and deeper customer retention. Investors should watch for updates on the Australian rollout, store performance metrics, and the impact of technology upgrades on conversion and cost efficiency.

Prepared on 29‑Apr‑2026 for investor review.