Synopsis:- Womancart Limited has declared its audited financial results for the half year and full year ended March 31, 2026, as the Delhi-based omnichannel beauty and lifestyle retailer continues to scale its physical and digital distribution simultaneously.
Shares of a New Delhi-based women’s beauty, lifestyle and accessories retailer came into focus on April 29, 2026, after its board approved audited standalone and consolidated financial results for the half year and year ended March 31, 2026.
With a market capitalization of Rs. 123.48 crore, the shares of Womancart were trading at Rs. 150.35 per share, down 19.98 percent from its previous close of Rs.187.9. The stock trades at a P/E of 15.69.
For the full year ended March 31, 2026, Womancart reported consolidated revenue from operations of Rs. 133.69 crore, up 126.2 percent from Rs. 59.11 crore in FY2025, a more than doubling of revenue in a single year. Consolidated profit before tax for the year was Rs. 12.11 crore, against Rs. 8.50 crore in FY2025, a 42.4 percent improvement.
After minority interest and share of associate profit, consolidated net profit attributable to the company’s shareholders was Rs. 6.91 crore, compared with Rs. 7.18 crore in the prior year broadly flat despite the revenue surge, as higher costs of goods sold, depreciation, and the minority interest charge absorbed a large share of the operating gain.
The cost structure merits attention. Consolidated cost of goods sold for FY26 was Rs. 95.81 crore against Rs. 31.45 crore in FY2025, growing 204 percent, faster than revenue growth of 126 percent. This implies a margin dilution at the gross level, driven likely by the rapid inventory build and the scaling of new store and warehouse infrastructure.
Depreciation doubled from Rs. 1.34 crore to Rs. 5.63 crore as the asset base expanded, and finance costs rose from Rs. 1.21 crore to Rs. 1.90 crore, reflecting increased working capital borrowings.
On a standalone basis, full-year revenue from operations was Rs. 100.84 crore versus Rs. 50.51 crore in FY2025, with standalone PAT of Rs. 3.32 crore against Rs. 4.53 crore in the prior year, another instance of operating leverage lagging the topline, this time more sharply.
The divergence between standalone and consolidated PAT trends points to meaningful contributions from the subsidiary and associate layer, particularly Womancart Lifestyle General Trading (Dubai), incorporated in December 2025, and the existing associate Womancart Pty Ltd (Australia).
Business Overview
Womancart Limited, incorporated in 2018 and listed on NSE SME (Symbol: WOMANCART), operates as an omnichannel retail platform offering women’s beauty, lifestyle, and wellness products across its own brands, third-party brands, and physical stores. The company manages over 12,000 SKUs across more than nine stores and warehouses pan-India, and has begun building an international footprint via subsidiaries and associates.
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