Earnings call transcript: Brainbees lifts Q1 2026 revenue growth, margin pressure weighs
Brainbees Solutions reported a 13% year-over-year increase in consolidated sales to INR 2,106 crores for the June quarter, marking its strongest revenue growth in five years. India multichannel revenue grew by 17.7%, which was the strongest in seven quarters, and offline GMV expanded by 15%. Gross margin pressure from diapering competition and higher manufacturing costs hindered profitability, resulting in adjusted EBITDA improvement but margins still below last year's level.
The company's stock remained steady, closing at $214.14, down 0.15% from the previous close of $214.47. Despite a flat revenue forecast from GlobalBees, management expects the business to recover in the second half of the fiscal year. The company's growth is driven by structural changes in both online and offline businesses, with initiatives like RocketBees, FC Quick, and a product portfolio shift toward deeper assortments.
Investors are watching closely to determine if profitability can recover as quickly as management expects.
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