Results · Commerce & Consumer Brands
FirstCry Q3 net loss widens 161% to ₹38.4 Cr
By Startup Enthusiast ·
- Date
- Company
- FirstCry
- What it does
- Kidswear and baby products retailer
- Kind
- Results
What they do
FirstCry sells kidswear, baby products, and operates preschools through online and offline stores
What happened
The company posted a net loss of ₹38.4 Cr in Q3 FY26, up 161% from ₹14.7 Cr a year ago
Why it matters
Operating revenue grew 12% to ₹2,423.6 Cr while adjusted EBITDA margin was 6.3%
The details
- FirstCry reported a net loss of ₹38.4 Cr for Q3 FY26.
- This loss increased by 161% compared to the same period last year.
- Previous year's loss was ₹14.7 Cr during Q3 FY25.
- Operating revenue rose 12% year-on-year to reach ₹2,423.6 Cr.
- Revenue also grew 16% quarter-on-quarter during this period.
- Consolidated adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) stood at ₹153.8 Cr.
- The adjusted EBITDA margin improved to 6.3% from the prior year.
- Gross merchandise value (GMV, total sales value) grew 10% to ₹3,424.7 Cr.
The bigger picture
- Rising losses indicate higher costs or lower margins despite revenue growth.
- The company continues to invest in its omnichannel expansion strategy.
- International operations are narrowing losses but remain unprofitable.
About the business
- FirstCry operates as an omnichannel brand selling kidswear and baby products.
- It runs both online platforms and offline retail stores across India.
- The business also includes a network of preschools for early education.
- India segment revenue grew 9% to ₹1,645.8 Cr in Q3 FY26.
- India segment adjusted EBITDA margin was 10% with earnings of ₹163.8 Cr.
- The India business achieved PAT (profit after tax) and free cash flow positivity for nine months.
- International revenue from UAE and KSA reached ₹279.6 Cr, up 7%.
- Globalbees rollup brand contributed ₹515 Cr in revenue, growing 22%.
- Offline footprint included 1,203 modern stores with 545 company-owned outlets.
Founders
- Supam Maheshwari, Founder
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- TPG sells FirstCry stake for Rs 202 crore25 September 2026 · Stake sale · ₹202 Cr
- FirstCry reports wider net loss in Q3 FY26 despite revenue growth19 September 2026 · Results
- FirstCry opens new outlet in Mokokchung, Nagaland12 September 2026 · Launch
- FirstCry market valuation falls below one billion dollars1 September 2026 · Unicorn
- FirstCry narrows quarterly loss as revenue grows13 August 2026 · Results
- FirstCry continues as baby products retailer11 August 2026 · News
- FirstCry plans up to ₹300 crore stake sale in Swara Baby IPO2 July 2026 · Stake sale · ₹300 crore
- FirstCry narrows FY26 loss, shares fall26 May 2026 · Results
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