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BRAINBEESSOLUTIONS Diversified 15 Jan 2026

Brainbees Solutions Ltd — Q3 FY26

Brainbees Solutions reported Q3 FY26 consolidated revenue of ₹2,172 crore, up 12% YoY, with India multi-channel growth of 8.9% (impacted by supply chain volatility and diapering competition).

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Revenue ₹2,424 Cr +12%
EBITDA
PAT ₹-39 Cr
EBITDA Margin 4%
Duration 61 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Brainbees Solutions reported Q3 FY26 consolidated revenue of ₹2,172 crore, up 12% YoY, with India multi-channel growth of 8.9% (impacted by supply chain volatility and diapering competition). International losses reduced 25% YoY as management avoided promotional frenzy. Global Bees delivered 30% core category growth and adjusted EBITDA of ₹69.8 crore (4.9% margin). Management guided for sequential improvement in India growth in FY27, driven by Rocket Bees (own logistics, now in 22 cities, targeting 45-50% of shipments by mid-year) and FirstCry Quick (3-hour delivery pilot in 3 cities). Key risk: sustained irrational competition in diapering could pressure margins and growth.

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Sustained irrational competition in diapering

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Quarter Snapshot

India multi-channel YoY growth 8.9%
+1.0pp YoY

Sequential improvement from 7.5% in Q1 and 7.9% in Q2; supply chain issues trimmed ~2pp.

International EBITDA loss reduction 25%
-25% YoY

Absolute loss reduced; gross margin expanded 150bps YoY in Q3.

Global Bees core categories growth 30%
+30% YoY

Consistent 30% growth for 9 months; adjusted EBITDA margin at 4.9% for core.

Rocket Bees cities coverage 22 cities
+9 cities QoQ

Expanded from 13 to 22 cities; 20% better delivery TAT vs third-party logistics.

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Guidance and risk preview

Top guidance India multi-channel growth to improve sequentially in FY27

Management expects structurally superior growth in FY27 driven by Rocket Bees, FirstCry Quick, and depth strategy.

Top risk Sustained irrational competition in diapering

Heightened competitive intensity in diapering category pressured growth and margins; management cannot control duration.

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