WOMANCART
Womancart financials
- Market cap
- ₹98 Cr
- Sector
- Consumer Services
- Calls analysed
- 1
Womancart Ltd Q1 FY27
What went well
- Revenue from operations for Q1 FY27 stood at INR32.56 crores, registering a 52.1% year-on-year growth.
- EBITDA stood at INR6.47 crores, representing a growth of 32.9%.
- PAT increased by 75.7% year-by-year to INR3.7 crores.
What to watch
- Q1 FY27 revenue of INR32.56 crores represents a sequential degrowth compared to Q4 FY26 revenue of INR55-56 crores.
- EBITDA margin has shown volatility in past results (8%, 15%, 11%, 21%, 14%, 22%).
What Womancart Ltd does
WomanCart runs an inventory-led, omni-channel retail model for women's fashion, beauty, jewellery, lingerie, home and kids' essentials, selling through its own website, e-commerce marketplaces, and physical WomanCart / WomanCart LUXE stores in Delhi NCR. It procures merchandise from OEM brands, distributors, dealers and C&F agents, while also marketing nine owned private-label brands spanning jewellery, footwear, lingerie, kitchenware and kids' products. The company operates a 2-hour express delivery model across Delhi NCR and Jaipur backed by its own warehousing, and has extended operations internationally through an associate, Womancart Pty Limited, in Australia.
Segments
- Online (own website & marketplaces)
- Offline retail stores
- Own brands (private label)
- B2B / OEM distribution
- International (Australia)
- SKUs listed online
- 31,050+
- Own (private-label) brands
- 9
- Stores & warehouses
- 15+
- Warehouses
- 6
- Largest warehouse facility
- 18,000 sq ft (Delhi NCR)
- Retail store network
- 2 WomanCart LUXE (avg. ~900 sq ft) + 7 WomanCart stores (avg. ~400 sq ft)
Guidance record · Q1 FY27
what the last two calls moved 6 tracked 0 delivered 0 missed 6 open- Daily Orders open said Q1 FY27 Promised: Reach 10,000 orders per day in the current year Q1 FY27: Target of 10,000 orders/day for the current year announced.
All 6 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 12.0%, net profit down 24.8% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 19 | 22 | 37 | 21 +95% | 50 +163% | 53 +142% | 33 −12% |
| EBITDA | 2 | 2 | 5 | 5 | 5 +143% | 11 +450% | 3 −37% | 6 +29% |
| Net profit | 1 | 2 | 3 | 5 | 2 +114% | 5 +150% | 2 −42% | 4 −25% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −60.0% 1Y
1Y: ₹261 on 10 Sept 2025 → ₹104.45. High ₹340.25 (6 Nov 2025), low ₹90.1 (20 Jul 2026).
How the price took the results
close before → close after
- Q1 FY27
- +8.7%
- 14 Aug
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹4 Cr | ₹7 Cr | ₹8 Cr |
| Reserves | ₹2 Cr | ₹12 Cr | ₹71 Cr | ₹92 Cr |
| Borrowings | ₹1 Cr | ₹7 Cr | ₹22 Cr | ₹24 Cr |
| Other liabilities | ₹1 Cr | ₹3 Cr | ₹30 Cr | ₹35 Cr |
| Total liabilities | ₹6 Cr | ₹26 Cr | ₹129 Cr | ₹160 Cr |
| Fixed assets | ₹1 Cr | ₹2 Cr | ₹18 Cr | ₹18 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹2 Cr |
| Other assets | ₹5 Cr | ₹24 Cr | ₹103 Cr | ₹140 Cr |
| Total assets | ₹6 Cr | ₹26 Cr | ₹129 Cr | ₹160 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters added +2.74 pp while the public trimmed −2.45 pp. The shareholder count grew 197% to 1,077.
- Promoters
- 42.8%
- FIIs
- 1.2%
- DIIs
- 4.8%
- Public
- 51.2%
Since Mar 2025
- Promoters +2.74 pp
- Public −2.45 pp
- DIIs −1.51 pp
How it drifted, 7 quarters
Over this window promoters fell from 57.4% to 42.8% — −14.6 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 57.4%, Public 42.6%.Sep '24: Promoters 48.8%, Public 51.2%.Mar '25: Promoters 40.1%, DIIs 6.3%, Public 53.6%.Jun '25: Promoters 41.2%, DIIs 6.3%, Public 52.5%.Sep '25: Promoters 39.9%, DIIs 5.9%, Public 54.2%.Dec '25: Promoters 43.4%, FIIs 1.3%, DIIs 5.2%, Public 50.0%.Mar '26: Promoters 42.8%, FIIs 1.2%, DIIs 4.8%, Public 51.2%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shammi Khanna newly disclosed 2.00% held
- Jagdish Datt Batra newly disclosed 1.52% held
- Veena Pahwa +0.34 pp 30.91% held
- Key Managerial Personnel newly disclosed 0.01% held
The same filing shows 10 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Womancart Ltd above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Veena Pahwa | 30.91% | +0.34 pp |
| Madhu Sudan Pahwa | 6.59% | −0.54 pp |
| Generational Capital Breakout Fund 1 AIF | 4.79% | −0.40 pp |
| Parth Pahwa | 2.67% | −0.22 pp |
| Prerna Pahwa | 2.56% | −0.21 pp |
| Wca Services Private Limited | 2.44% | −0.20 pp |
| Sandeep Pawah | 2.29% | −0.19 pp |
| Manish Grover | 2.23% | −0.19 pp |
| Anshul Aggarwal | 2.13% | −0.52 pp |
| Shammi Khanna | 2.00% | newly disclosed |
| Jagdish Datt Batra | 1.52% | newly disclosed |
| Shivarjun Byrapaneni Rao | 1.29% | −0.11 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -7.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Womancart Ltd
Guides on how to read this kind of business and the numbers that matter.