On a sequential basis, loss increased 26% from ₹38.4 Cr
Operating revenue grew 12% to ₹2,162.7 Cr from ₹1,930.3 Cr in the year-ago quarter
Meanwhile, total expenses grew 9% YoY to ₹2,092.6 Cr
Omnichannel kidswear brand FirstCry
managed to trim its Q4 FY26 net loss by 57% to ₹48.2 Cr from ₹111.5 Cr in the year-ago quarter. On a sequential basis, loss increased 26% from ₹38.4 Cr.
Operating revenue grew 12% to ₹2,162.7 Cr from ₹1,930.3 Cr in the year-ago quarter. On a QoQ basis, it declined 11% from ₹2,423.6 Cr.
Including other income of ₹40.8 Cr, total income for the quarter stood at ₹2,203.5 Cr. Meanwhile, total expenses grew 9% YoY to ₹2,092.6 Cr.
For the full fiscal year FY26, the company’s net loss reduced 23% to ₹203.7 Cr from ₹264.8 Cr in the previous year. Meanwhile, operating revenue increased 12% to ₹8,547.9 Cr from ₹7,659.6 Cr in FY25.
The company also approved an investment of up to AED 34 Mn (about ₹88.1 Cr) in its wholly owned UAE subsidiary, Firstcry Management DWC LLC, as part of its overseas expansion plans. The investment, which will be funded through IPO proceeds, will primarily be routed towards expanding operations in Saudi Arabia and the UAE.
Out of the total amount, up to SAR 22 Mn (₹56 Cr) will be infused into Firstcry Trading Company, a wholly owned subsidiary of FC Management, while the remaining amount will be invested in Firstcry Retail DWC LLC for business expansion. The transaction is expected to be completed on or before June 30, 2026.
FC Management, incorporated in the UAE in April 2019, provides management services and reported consolidated turnover of ₹942.3 Cr in FY26, up from ₹853.3 Cr in FY25 and ₹748 Cr in FY24. Its net worth stood at ₹121.3 Cr as of FY26.
FirstCry said it expanded its faster-delivery initiative ‘RocketBees’ from 22 cities to 62 cities and rolled out its Qwik delivery service across select pincodes in five cities. The company added that offline GMV grew in the mid-teens during Q4 FY26. It expects both online and offline growth rates to improve structurally in FY27.
For the full fiscal year FY26, the company reported a 23% reduction in net loss to ₹203.7 Cr from ₹264.8 Cr in FY25. Operating revenue rose 12% to ₹8,547.9 Cr, while GMV climbed 10% to ₹11,643.4 Cr.
Consolidated adjusted EBITDA for the fiscal year grew 24% YoY to ₹486 Cr, with adjusted EBITDA margin improving to 5.7% from 5.1% in FY25.
FirstCry’s India multi-channel business remained its largest breadwinner throughout the fiscal, posting a revenue of ₹5,753.3 Cr, up 9% YoY.
The international business, which includes UAE and Saudi Arabia operations, reported FY26 revenue growth of 10% to ₹947.4 Cr, while adjusted EBITDA losses narrowed 35% to ₹90.7 Cr.
Management attributed the pressure on international growth to elevated promotional activity by two horizontal ecommerce players that entered these markets in 2024.
Meanwhile, GlobalBees, FirstCry’s house of brands business, delivered 20% revenue growth in FY26 to ₹1,894.3 Cr and reported adjusted EBITDA of ₹55.9 Cr.
The company said its core categories grew 28% YoY and generated ₹91.9 Cr in adjusted EBITDA.
Operationally, FirstCry’s India business crossed $1 Bn GMV during FY26. Annual unique transacting customers increased 8% to 1,103 Cr, while orders rose 12% to 4.28 Cr. The company operated 1,190 modern stores as of March 31, 2026, including franchise and company-owned outlets.
The company also highlighted strong traction in its pre-school business, with partnerships expanding to 436 preschools across 190+ cities and student enrolments increasing to 23,049 in FY26.
The shares of FirstCry ended 1.93% higher at ₹237.25 on BSE today.
Source: Inc42 - Startups
