Brainbees Solutions, the parent company of FirstCry, has announced positive PBT (adjusted for ESOP costs) for Q2 and H1 FY26. Adjusted EBITDA increased by 51% in Q2 FY26, driven by improvements across all business segments, with continued positive free cash flow. The company is experiencing growth in its India multi-channel business, international operations, and Globalbees.
Strong Q2 & H1 Performance
Brainbees Solutions has reported positive PBT (adjusted for ESOP cost) for both Q2 and H1 FY26. The company’s Adjusted EBITDA increased by 51% in Q2 FY26, driven by improvements across all business segments. Free Cash Flow remains positive. These results reflect strong operational improvements and strategic execution across the company’s key business segments.
India Multi-Channel Business
Despite a deferral of consumer demand due to the implementation of new GST reforms, the India multi-channel business has seen sequential improvement in YoY growth rate for GMV across both online and offline channels. Continued expansion of the faster delivery initiative and scale-up of new initiatives across the offline channel are expected to improve YoY GMV growth in H2 FY26. The India multi-channel business was PAT and Free Cash Flow positive in H1 FY26.
International Business Expansion
The international business has delivered another quarter of sustainable growth, improving Adjusted EBITDA by 52% on a YoY basis. This growth is supported by the replication of their omnichannel playbook in the Middle East, with the first ‘FirstCry’ branded COCO store opening in Riyadh, KSA in August 2025.
Globalbees Momentum
Globalbees delivered another strong quarter of organic growth, with core categories driving both growth momentum and profitability. This segment is expected to continue its positive trajectory with ongoing rationalization efforts.
Key Financial Metrics
Key consolidated financial highlights for Q2 FY26 include:
- Annual Unique Transacting Customers: 11.0 Mn (up 11% vs. Sep 2024)
- GMV: INR 28,192 Mn (up 11% vs. Q2 FY25)
- Revenue from Operations: INR 20,991 Mn (up 10% vs. Q2 FY25)
- Consolidated Adjusted EBITDA: INR 1,208 Mn (up 51% vs. Q2 FY25)
- Cash Profit After Tax: INR 716 Mn (up 157% vs. Q2 FY25)
Source: BSE
