The document is a transcript of the Earnings Call with Analysts/Investors held on Tuesday, May 26, 2026, at 6:00 p.m. IST, following the announcement of Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026.
The stated purpose of the event was to discuss the quarterly results and provide a strategic update.
The meeting was scheduled after the earnings announcement, as referenced by the company's earlier intimation dated May 20, 2026.
Management participants included:
Mr. Supam Maheshwari, Managing Director & CEO
Mr. Gautam Sharma, Group Chief Financial Officer
Mr. Vivek Goel, Chief Business Officer
Mr. Abhinav Sharma, Country Head, Middle East Business Operations
Mr. Anuj Jain, CEO, Globalbees
Mr. Harsh Kabra, Investor Relations
The audio-video recording of the Earnings Call along with the Transcript has been uploaded on the Company's website at: https://www.firstcry.com/investor-relations/quarterly-results.
The company highlighted that the call may contain forward-looking statements, with a disclaimer included in the investor presentation.
Financial Highlights Discussed
Consolidated Performance FY26: Revenue grew by 12% year-on-year to ₹8,547 Crores. Adjusted EBITDA increased by 24% year-on-year to approximately ₹486 Crores. Cash Profit reached roughly ₹312 Crores, a 49% increase over FY25. The company reported being free cash flow positive for the full year.
Q4 FY26 Performance: GMV grew by 10%, revenue from operations grew by 12%, consolidated adjusted EBITDA grew by 18% to ₹118.7 Crores, and cash profits grew by 4% to approximately ₹72.3 Crores.
Net Loss: Reduced by 57% year-on-year for Q4 and by 23% for full year FY26.
Segment Performance:
India Multi-channel: Revenue grew by 9% for FY26. PAT and cash flow positive for the entire FY26. Offline channel GMV growth was 15% in Q4.
International: Revenue grew by 10% for FY26. Reduced EBITDA losses by 35% year-on-year (from ₹140 Crores to ₹90 Crores).
GlobalBees: Core categories grew 28% year-on-year with ₹91.9 Crores adjusted EBITDA post-corporate expenses (4.9% of revenue).
Others (Preschool): Revenue grew by 11% for FY26 with 27% EBITDA margin.
Gross Margin Pressures: Cited competitive intensity in diapering category (15% of business) and transitional issues in manufacturing due to rupee depreciation and crude-linked raw material price increases. Expected recovery in Q2 FY27.
Initiatives:
RocketBees: Expanded to 62 cities, delivering 40%+ of online volumes. Goal to reach 45-50% by middle of FY27.
Qwik: Expanded to 5 cities, delivering under 3 hours, accounting for 20% of online orders in served catchments. Expected to reach 10% of overall online business in FY27.
