Brainbees Solutions (FIRSTCRY) Q1 26/27 earnings summary

Executive summary

• Consolidated business achieved 13% year-over-year revenue growth in Q1 FY27, the strongest in five quarters, with consolidated losses after tax improving by 34% and cash profit after tax at INR 508 million.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with unqualified review reports from independent auditors.

• Annual unique transacting customers reached 11.8 million, up 10% year-over-year.

Financial highlights

• Consolidated revenue from operations for Q1 FY27 was INR 21,062 million, up from INR 18,626 million year-over-year; GMV reached INR 28,072 million, up 12% year-over-year.

• Adjusted EBITDA margin was 4.24% (INR 893 million), compared to 4.98% previously; gross margin declined to 36.5% from 38.5% year-over-year.

• Consolidated net loss for the quarter was INR 440 million, compared to INR 665 million year-over-year.

• Standalone revenue for the quarter was INR 6,784 million, with net profit of INR 216 million, up from INR 31 million year-over-year.

• EBITDA for the consolidated group was INR 1,066 million, compared to INR 815 million in the same quarter last year.

Outlook and guidance

• Management expects structurally elevated growth rates in subsequent quarters, driven by ongoing initiatives in both online and offline channels.

• Margin recovery is anticipated to accelerate, with full normalization expected by Q3 FY 2027.

• International business is on a path to EBITDA neutrality, with continued focus on home brand mix and high-quality customer acquisition.

• IPO proceeds are being deployed as per plan, with significant investments in new stores, warehouses, technology, and marketing.

• Preschool segment aims to double its footprint to over 1,000 schools in the next few years.