Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹102Cr
Rev Gr TTM
Revenue Growth TTM
126.17%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

WOMANCART
VS
| Quarter | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 352.6 | 155.9 | 107.4 | 98.6 | 126.8 | 125.8 |
| 2 | 7 | 9 | 17 | 17 | 32 | 39 | 77 |
Operating Profit Operating ProfitCr |
| 10.3 | 8.2 | 15.3 | 11.0 | 21.3 | 14.1 | 22.2 | 8.1 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 3 |
| 0 | 1 | 2 | 2 | 4 | 5 | 11 | 7 |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
|
Growth YoY PAT Growth YoY% | | | 925.0 | 302.5 | 116.3 | 181.4 | 99.3 | -38.0 |
| 5.1 | 5.5 | 11.6 | 8.6 | 12.1 | 12.2 | 10.6 | 3.4 |
| 0.0 | 0.0 | 0.0 | 4.0 | 5.8 | 8.5 | 7.2 | 3.2 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
|
| | 203.8 | 101.8 | 126.2 |
| 9 | 26 | 49 | 116 |
Operating Profit Operating ProfitCr |
| 8.6 | 12.6 | 16.8 | 13.4 |
Other Income Other IncomeCr | 0 | 0 | 1 | 2 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 2 |
Depreciation DepreciationCr | 0 | 0 | 1 | 6 |
| 1 | 3 | 9 | 12 |
| 0 | 1 | 1 | 4 |
|
| | 453.6 | 153.1 | 12.8 |
| 5.3 | 9.7 | 12.2 | 6.1 |
| 4.6 | 8.8 | 14.5 | 10.1 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 1 | 4 | 6 |
| 2 | 12 | 60 |
Current Liabilities Current LiabilitiesCr | 2 | 9 | 21 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 0 | 1 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 5 | 24 | 72 |
Non Current Assets Non Current AssetsCr | 1 | 3 | 19 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | -10 | -27 | -44 |
Investing Cash Flow Investing Cash FlowCr | -1 | -2 | -25 | -3 |
Financing Cash Flow Financing Cash FlowCr | 0 | 16 | 58 | 45 |
|
Free Cash Flow Free Cash FlowCr | 0 | -12 | -40 | |
| 95.0 | -345.5 | -368.9 | -539.1 |
CFO To EBITDA CFO To EBITDA% | 58.7 | -266.3 | -267.5 | -244.8 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 51 | 210 | 108 |
Price To Earnings Price To Earnings | 0.0 | 17.9 | 29.2 | 15.6 |
Price To Sales Price To Sales | 0.0 | 1.7 | 3.5 | 0.8 |
Price To Book Price To Book | 0.0 | 3.1 | 3.1 | 1.1 |
| 0.6 | 14.3 | 21.5 | |
Profitability Ratios Profitability Ratios |
| 25.8 | 47.1 | 42.8 | 28.3 |
| 8.6 | 12.6 | 16.8 | 13.4 |
| 5.3 | 9.7 | 12.2 | 6.1 |
| 16.8 | 16.4 | 12.0 | |
| 16.3 | 17.2 | 10.8 | |
| 9.3 | 10.8 | 7.9 | |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**Womancart Limited** is a fast-growing, digital-first, omnichannel retail platform focused on women’s fashion and lifestyle products. The company operates both online and offline, offering curated, woman-centric products across ethnic and western wear, beauty, wellness, accessories, home décor, and personal care. With a mission to redefine convenience and inclusivity in retail, Womancart positions itself as India’s first **quick-commerce platform for women’s fashion**, offering **2-hour delivery** in select cities.
---
### **Business Model & Operations**
#### **Omnichannel Retail Presence**
- **Online Channels**: Operates through its primary website [womancart.in](https://womancart.in), mobile apps, and third-party marketplaces (Amazon, Flipkart, Meesho, Dhani) via five subsidiaries.
- **Offline Channels**: Runs exclusive **WomanCart** and premium **WomanCart LUXE** stores in Delhi NCR and Tier-I/II cities, averaging 500 sq. ft. Recent flagship LUXE stores (e.g., Kohat Enclave, New Delhi) span over 1,000 sq. ft., serving as bridal and luxury destinations.
- **Franchise Model**: Actively expanding via a franchise model requiring ₹55–70 lakhs investment for 400–600 sq. ft. outlets across North India. Campaigns via TOI, cinema ads, and targeted outreach promote this opportunity, projecting ROI of **70–80%**.
#### **Global Expansion**
- In **May 2025**, Womancart launched operations in **Australia** through a wholly-owned subsidiary: **WomanCart Pty Ltd**.
- Localized e-commerce platform: [womancart.com.au](https://womancart.com.au), offering clothing, jewelry, nightwear, footwear, and crockery.
- Sales supported via online platform and **WhatsApp-based offline sales**, with an **easy return policy** to ensure customer trust in the new market.
- Plans to scale private-label brands internationally and launch a dedicated mobile app in Australia.
---
### **Core Offerings & Product Portfolio**
#### **Product Categories**
Womancart offers **12,000+ SKUs**, a significant expansion from 10,000 in 2024, combining third-party brands and **in-house private labels**. Key categories include:
- Ethnic & Bridal Wear
- Western Wear & Loungewear
- Cosmetics, Skincare & Haircare
- Imitation Jewelry & Accessories
- Footwear
- Home & Lifestyle (crockery, kitchenware, décor)
- Fragrance & Wellness
#### **Private-Label Brands (Homegrown Portfolio)**
- **Sayda Jewels**: Artificial jewelry (kundan, oxidized, American diamond)
- **Faeezah**: Occasion wear and premium loungewear
- **Feya**: Hair accessories and affordable western wear
- **Wondercurve**: Inclusive lingerie with wide size range
- **Blluex**: Stylish, innovative kitchen and dining essentials (expanded May 2025 with luxury items)
- **Heeley**: Comfortable woman footwear (jutis, boots)
- **Kattly**: Sleepwear (added Dec 2024)
- **Miraaye**: Launched **June 2025**, premium fragrance brand (candles, incense, room fresheners) inspired by Meera Bai; priced ₹500–1,500
> Miraaye signals Womancart’s strategic shift into **lifestyle and sensory wellness**, enhancing its **holistic woman-care ecosystem**.
---
### **Key Strategic Initiatives (FY 2024–2025)**
| Initiative | Details |
|---------|---------|
| **Technology & UX Enhancement** | Upgraded UI, AI-powered personalized recommendations, and seamless checkout experience. |
| **Inventory-Led Fulfillment** | Ensures faster delivery, reduces stockouts, and improves availability. Centralized 18,000 sq. ft. warehouse in Delhi NCR supports logistics. |
| **Quick-Commerce Leadership** | 2-hour fashion delivery in **Delhi NCR and Jaipur**, covering apparel, beauty, jewelry, footwear, and home essentials. First mover in women’s fashion quick-commerce. |
| **Expansion of Womancart LUXE** | Focus on premium bridal and luxury collections (products up to ₹3 lakhs), including **bridal footwear**—a market innovation. Endless aisle and hyperlocal delivery offered in-store. |
| **Entry into Health & Wellness** | Partnership with **Jeena Sikho** (July 2025) to offer chemical-free Ayurvedic wellness products with 2-hour delivery in select cities. |
---
### **Financial Highlights (FY25)**
- **Revenue**: ₹59.11 Crore
- **EBITDA Margin**: 16.8%
- **PAT Margin**: 12.2%
- **ROCE**: 22.4%
- **Social Media Engagement**: 24,500+ followers across brand pages
- Operates across **12+ stores and warehouses**
> Revenue historically driven by **Health & Wellness (39–49%)** and **Skin & Hair Care**, with **Makeup (23–30%)** and **Fragrance + Jewelry (18–23%)** contributing significantly. **Ethnic & Bridal Wear** has emerged as a top performer, especially during wedding seasons.
---
### **Subsidiaries & Organizational Structure**
Womancart Limited is the **holding company** for five operational subsidiaries:
1. MSV Retail Fashions Private Limited
2. MSV Prompt Shop Private Limited
3. MSV Beautyy Shop Private Limited
4. Varadda Overseas Private Limited
5. MSV E-commerce Private Limited
These entities manage marketplace operations, inventory distribution, and international logistics.
**Key Affiliated Entities** influenced by leadership:
- AM 2 PM Services
- Shree Krishna Sales
- The Family Store
- Will to Wwin
- Madhu Sudan & Co
---
### **Distribution & Fulfillment Strategy**
- **Inventory-led model**: Ensures reliable stock availability and rapid fulfillment.
- **Unified inventory system**: Integrates online and offline channels for “endless aisle” shopping.
- **Faster logistics**: 2-hour deliveries enabled via localized warehouses and optimized last-mile networks.
- **Easy returns** accepted across online and physical touchpoints.