FirstCry Q2 Results: Net loss narrows to Rs 50.5 crore, revenue rises 10%

FirstCry Q2 Results: Net loss narrows to Rs 50.5 crore, revenue rises 13%

Brainbees Solutions, the parent company of FirstCry, reported a consolidated net loss of Rs 50.5 crore for the September quarter of the financial year 2025-26 (FY26), as per regulatory filings. This marks an almost 20 percent drop from the Rs 66.5 crore net loss reported in the corresponding quarter of the previous financial year.

It had reported a loss of Rs 66.5 crore in the previous quarter ended June.

The firm’s revenue from operations meanwhile rose 10 percent on-year to Rs 2,099 crore in Q2 FY26. The company had earlier reported revenue from operations at Rs 1,904.9 crore in Q2 FY25, and Rs 1,862.6 crore in the previous quarter.

Total expenses also grew 10 percent year-on-year to Rs 2,036.9 crore during the quarter under review, versus Rs 1,847.9 crore in the year ago period. On a sequential basis, expenses grew from Rs 1,829.4 crore in the previous quarter.

FirstCry's consolidated adjusted EBITDA jumped 51 percent on-year to Rs 1,208 crore in Q2, aided by improvements across India multi-channel, international, and Globalbees businesses. Adjusted EBITDA margins expanded to 5.8 percent from 4.2 percent a year earlier.

The company also remained free cash flow–positive during the quarter.

Its India multi-channel business — which includes both online and offline retail — reported adjusted EBITDA of Rs 1,254 crore with margins improving to 9.1 percent. The company said it saw “sequential improvement” in growth despite softer demand due to the rollout of new-generation GST reforms, and expects growth to pick up further in the second half.

The firm also expanded its faster delivery initiative from 4 to 13 cities during the quarter and continues to see higher customer adoption of home brands, which account for over 55 percent of India GMV.

Internationally, FirstCry said its UAE and Saudi businesses delivered “another quarter of sustainable growth,” with adjusted EBITDA losses narrowing to Rs 189 crore from Rs 394 crore last year. The company opened its first COCO store in Riyadh in August and said average order value in international markets is 3.8x higher than in India.

Globalbees, its roll-up e-commerce arm, posted 21 percent revenue growth and maintained 2 percent adjusted EBITDA margins, driven by strong performance in core categories such as home, personal care and lifestyle.

On November 14, FirstCry's shares on the BSE closed 2.61 percent lower at Rs 333.85 apiece.