Brainbees (FirstCry) sinks 7% post Q4; JM Financial holds 'Add' with Rs 265 target
FirstCry parent slid 6.83% to Rs 221.05 after Q4FY26 print. India multi-channel GMV grew 11.8% YoY but EBITDA margin compressed 200 bps to 7.3% on diaper pricing pressure. International losses narrowed (+1.8% GMV); GlobalBees margin expanded 510 bps to 5.8%. Consolidated EBITDA margin up 30 bps to 5.5%.
What happened
FirstCry parent Brainbees fell 7% post Q4FY26 results. JM Financial keeps 'ADD' with Rs 265 target, citing in-line ops, 11.8% IMC GMV growth, diaper competitive
Key facts
- -6.83% to Rs 221.05
- IMC GMV +11.8% YoY
- IMC EBITDA margin 7.3% (-200 bps)
- International GMV +1.8% YoY
- GlobalBees margin 5.8% (+510 bps)
- Consolidated EBITDA margin 5.5% (+30 bps)
- Target price Rs 265
- Support Rs 200, Resistance Rs 230
Why this matters
GlobalBees' rapid margin turnaround (5.8% EBITDA, +510 bps) validates the roll-up thesis and could unlock further bolt-on acquisitions in adjacent D2C categories while core IMC stabilizes.