Swara Baby to file DRHP in June for Rs 800-1,000 cr IPO; FirstCry-backed diaper maker holds 30%+ share
FirstCry-promoted contract manufacturer Swara Baby plans a June DRHP filing for an Rs 800-1,000 crore IPO. The Pithampur-based hygiene player commands 30%+ share in baby and adult diapers, supplies Unicharm, P&G, Kimberly-Clark and Kenvue, and posted Rs 943 cr revenue with Rs 81 cr PAT in FY25.
What happened
FirstCry-promoted contract manufacturer Swara Baby plans to file DRHP in June for an Rs 800-1,000 crore IPO. The hygiene products maker holds 30%+ share in
Key facts
- Rs 800-1,000 cr IPO
- Revenue Rs 943 cr FY25
- PAT Rs 81 cr FY25
- PAT margin 8.56%
- 30%+ CAGR
- 30%+ market share
- diaper market $1.83 bn 2025
- $3.18 bn by 2034
Why this matters
A June 2026 DRHP from FirstCry-promoted Swara opens a window to lock supply agreements or co-manufacturing tie-ups with the dominant Indian diaper converter before listing tightens its commercial flexibility.