Firstcry (Brainbees Solutions) has extended the timeline for a proposed investment of up to AED 34 Million in its subsidiary Firstcry Management DWC LLC to July 31, 2026, due to procedural delays. The funds, sourced from Initial Public Offer (IPO) proceeds, are designated for business expansion, including a further investment of up to SAR 22 Million in Firstcry Trading Company in the Kingdom of Saudi Arabia and the balance in Firstcry Retail DWC LLC in the United Arab Emirates. This extension revises the previous deadline of June 30, 2026, which was communicated to the exchanges earlier.

Investment Details

The disclosure was submitted to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Mandar Chintaman Joshi, Company Secretary & Compliance Officer of Firstcry.

Brainbees Solutions Limited reported a 12% year-on-year increase in consolidated revenue to ₹85,479 Mn for the financial year ended March 31, 2026. The company narrowed its annual net loss to ₹2,037 Mn from ₹2,648 Mn in the previous year. For the quarter ended March 31, 2026, revenue stood at ₹21,627 Mn against ₹19,303 Mn in the same period last year, while the net loss narrowed significantly to ₹482 Mn from ₹1,115 Mn.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, as recommended by the Audit Committee. The results were subjected to audit by the statutory auditors of the company, M/s. Walker Chandiook & Co. LLP, who issued an unmodified opinion. The publication of these audited financial results in newspapers, Financial Express and Loksatta, was completed on May 27, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In accordance with Regulation 30 read with Schedule III of the Listing Regulations, the company uploaded its investor presentation for the quarter and financial year ended March 31, 2026, on its website. The presentation highlights that the India Multi-Channel business achieved a Gross Merchandise Value (GMV) of over $1 Bn with 11% growth in FY26, while the International business reduced Adjusted EBITDA losses by 35% during the year.

Q4 Performance

Brainbees Solutions improved its operational efficiency in Q4 FY26, with Adjusted EBITDA rising to ₹1,187 Mn from ₹1,005 Mn in the year-ago period. The company reported a Cash Profit After Tax of ₹723 Mn for the quarter, compared to ₹692 Mn in Q4 FY25. The Earnings Per Share (EPS) for the quarter improved to ₹(0.63) from ₹(1.60) in the same period last year.

The following table summarises the key Q4 metrics:

Full-Year Financial Performance

The annual results demonstrated growth in revenue and a reduction in net losses. The consolidated revenue for FY26 reached ₹85,479 Mn, up from ₹76,596 Mn in FY25. The total comprehensive loss for the year reduced to ₹2,033 Mn from ₹2,626 Mn in the previous year. The Paid-up Share Capital as of March 31, 2026, stood at ₹971 Mn.

Standalone Results

The standalone financial results for the year ended March 31, 2026, showed a profit of ₹1,089 Mn compared to ₹599 Mn in the previous year. Standalone revenue for the year increased to ₹27,315 Mn from ₹24,708 Mn in FY25.

Management Commentary and Outlook

During the earnings call held on May 26, 2026, management highlighted that the company was free cash flow positive for the full year FY26. Adjusted EBITDA increased by 24% year-on-year to ₹4,860 Mn, while cash profit reached ₹3,120 Mn, a 49% increase over the previous fiscal year. The India Multi-Channel business remained PAT and cash flow positive.

Management noted that the India Multi-Channel GMV grew by 11% to cross $1 Bn. The International business reduced Adjusted EBITDA losses by 35% in FY26, narrowing losses to ₹900 Mn from ₹1,400 Mn in FY25. The GlobalBees segment delivered a 28% year-on-year growth in core categories with an Adjusted EBITDA of ₹920 Mn post-corporate expenses.

Looking ahead to FY27, management expressed confidence that growth would be superior to FY26, driven by initiatives such as RocketBees and Qwik. RocketBees expanded to 62 cities by the end of Q4 FY26, covering over 40% of online delivery volumes. The Qwik initiative, delivering orders in less than 3 hours, expanded to 5 cities and is expected to cover roughly 10% of overall online business in FY27. The company plans to open approximately 100 stores in FY27, a mix of COCO and FOFO formats.