With growing interest in the lives of individuals and communities during the COVID‐19 pandemic, there is consensus among scholars, academicians, and policy makers that the pandemic has had unequal impacts on different sections of the society. The dominant idea that “we are in this together” needs to be critically unpacked to understand the differential impact of the same pandemic on people with varied vulnerabilities. The concept of “intersectional vulnerability” has been key to understanding the unequal distribution of the pandemic risk. Using a gendered intersectional lens, this paper aims to understand the lived experiences of migrant women workers during the pandemic and their narratives of gendered inequality. Through a narrative study in Delhi and the National Capital Region (NCR), India, from May to October 2020, this study brings out stories of precarity faced by five migrant women while battling the social, psychological, and economic effects of the pandemic. Loss of livelihood, home, savings, and prospects of a better future shape the narratives of these women. The pandemic exacerbated the already precarious positions of these women by creating a situation where—(a) patriarchal structures were further reinforced, and (b) losing gender solidarity and companionship through lockdown and social distancing.