Brainbees Solutions, the parent company of FirstCry, reported a narrowing of its Q4 net loss to ₹30.30 crore, a 61% reduction compared to the previous year, despite a sequential increase from ₹28.43 crore in the prior quarter. Revenue rose by 12% year-on-year to ₹2,163 crore, although it marked an 11% decline from the preceding quarter's ₹2,424 crore. The adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) improved to ₹119 crore, reflecting a margin increase to 5.5%. Morgan Stanley has retained its 'Equal-weight' rating on Brainbees Solutions, setting a target price of ₹300, indicating a potential 10% upside. The brokerage noted that while margins are pressured by competition in the diapers market and rising manufacturing costs, management anticipates improved growth rates for the India business in FY27. Additionally, the company plans to expand its physical store presence significantly, aiming to add over 100 new locations.