Unicommerce stock hit an intraday high of INR 196.70, up 5.07% from its previous close, before settling 2.40% higher at INR 191.80
The partnership enables Hummel to use Unicommerce’s order management systems for automating its ecommerce operations across platforms
The announcement comes after Unicommerce reported a 21% YoY rise in Q2 FY25 profit to INR 4.47 Cr and acquired a stake in Shipway last month
Shares of Unicommerce
soared 5.07% to INR 196.70 during the intraday trading session on the BSE today (December 5) after the company announced its partnership with Danish sportswear brand Hummel.
However, the stock shed some gains to trade at INR 191.80, up 2.40% from its previous close of INR 187.20.
The stock opened marginally above its previous close at INR 188.45.
At 1:10 PM, Unicommerce was trading at 18.1 Lakh shares on the BSE and its market capitalisation stood at INR 1,971.34 Cr ($232.69 Mn).
With this partnership, Hummel will use Unicommerce’s multichannel order management and warehouse management systems to automate order processing across its brand website and marketplaces.
Unicommerce’s profit after tax (PAT) grew 21% year-on-year (YoY) to INR 4.47 Cr in the second quarter of the ongoing financial year 2024-25 (Q2 FY25) from INR 3.69 Cr in the year-ago quarter.
On a quarter-on-quarter (QoQ) basis, profit rose 27% from INR 3.51 Cr.
Revenue from contract with customers increased almost 13% to INR 29.30 Cr during the quarter under review from INR 25.93 Cr in Q2 FY24. On a sequential basis, it increased 6.7% from INR 27.46 Cr.
According to Unicommerce’s analysis, the sportswear and fitness products category saw over 65% order volume growth during Black Friday sale 2024 compared to last year.
The SaaS company currently serves about 8,800 warehouses and 3,150 omnichannel enabled stores for 3,600 clients across industries. It processes over 930 million transactions annually.
“The Indian ecommerce market is changing with newer categories making a strong impact, one of which is the sportswear segment,” Unicommerce MD and CEO Kapil Makhija said.
Prior to this partnership announcement, Unicommerce acquired a 42.76% stake in ecommerce shipping solutions provider Shipway for INR 68.4 Cr in November 2024, with plans to acquire the remaining stake within a year.
Shares of Unicommerce have traded between INR 171.35 and INR 264.00 over the past 52 weeks on the BSE.