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Results · Commerce & Consumer Brands

FirstCry Q3 net loss widens 161% to ₹38.4 Cr

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Date
Company
FirstCry
What it does
Kidswear and baby products retailer
Kind
Results
Sector
Commerce & Consumer Brands

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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