FirstCry Reports Q3 FY26 Financial Results and Announces Board Changes
Brainbees Solutions Limited reported Q3 FY26 consolidated revenue of ₹24,236.31 million, up 11.57% year-over-year, but posted a net loss of ₹384.04 million compared to ₹147.38 million loss in Q3 FY25. The company announced board changes with Ms. Saloni Jain Rana replacing Mr. Puneet Renjhen as Non-Executive Director effective February 13, 2026. Standalone operations showed profitability with ₹462.12 million profit for the quarter, while the company has utilized ₹7,751.48 million of its ₹16,017.35 million IPO proceeds.
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Brainbees Solutions Limited , the parent company of FirstCry, has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside significant board changes. The company's Board of Directors approved these results in their meeting held on February 13, 2026.
Financial Performance Overview
The company demonstrated revenue growth despite facing profitability challenges during the reporting period. Consolidated revenue from operations increased across both quarterly and nine-month periods compared to the previous year.
| Metric | Q3 FY26 | Q3 FY25 | Change (%) | 9M FY26 | 9M FY25 | Change (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹24,236.31 million | ₹21,723.09 million | +11.57% | ₹63,852.76 million | ₹57,292.99 million | +11.45% |
| Total Income | ₹24,804.68 million | ₹22,165.87 million | +11.91% | ₹65,287.69 million | ₹58,313.08 million | +11.96% |
| Net Loss | ₹384.04 million | ₹147.38 million | -160.55% | ₹1,554.51 million | ₹1,532.78 million | -1.42% |
| Basic EPS | ₹(0.59) | ₹(0.16) | - | ₹(2.27) | ₹(2.49) | - |
Segment-wise Performance
The company operates through multiple business segments, with India multi-channel being the largest contributor to revenue.
Revenue Breakdown by Segment (Q3 FY26):
- India multi-channel: ₹16,457.62 million
- Globalbees: ₹5,150.36 million
- International: ₹2,795.91 million
- Others: ₹107.79 million
Standalone Results
The standalone financial performance showed positive results, contrasting with the consolidated losses. Standalone revenue from operations reached ₹7,497.96 million for Q3 FY26 compared to ₹7,106.03 million in Q3 FY25. The company reported standalone profit of ₹462.12 million for the quarter versus ₹377.98 million in the corresponding previous quarter.
Exceptional Items Impact
The company reported exceptional items totaling ₹163.14 million for Q3 FY26, primarily due to:
- Impact on retirement benefits including new labour code: ₹139.56 million
- Loss due to non-recoverability of current assets: ₹11.41 million
- Other items: ₹12.17 million
Board Changes
Significant leadership changes occurred at the board level during the reporting period.
| Change Type | Details |
|---|---|
| Resignation | Mr. Puneet Renjhen (DIN: 09498488) resigned as Non-Executive Director |
| Appointment | Ms. Saloni Jain Rana (DIN: 11489732) appointed as Non-Executive Additional Director |
| Effective Date | February 13, 2026 |
| Reason | Recasting of Board nomination by Mahindra & Mahindra Limited |
Ms. Saloni Jain Rana brings 17 years of experience in investment banking and currently serves as Vice President in Partnerships and Alliances at Mahindra and Mahindra Limited. She holds a post-graduate management degree from Indian Institute of Management Indore and a Bachelor of Engineering degree from V.J.T.I Mumbai.
IPO Fund Utilization
The company provided an update on the utilization of its IPO proceeds of ₹16,017.35 million. As of December 31, 2025, the company has utilized ₹7,751.48 million, leaving ₹8,265.87 million unutilized. Key areas of fund deployment include sales and marketing initiatives (₹1,647.80 million utilized), investment in subsidiaries, and technology infrastructure development.
Historical Stock Returns for Firstcry (Brainbees Solutions)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.33% | -2.21% | -17.91% | -42.84% | -43.16% | -68.41% |
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