Brainbees arm to acquire KA Hygiene in Rs 57.74 Cr share swap deal

Pune based Brainbees Solutions, the parent company of FirstCry, has announced the acquisition of K.A. Enterprises (Hygiene) through its subsidiary Swara Baby, as the company expands its presence in the hygiene products segment.

In a regulatory filing dated December 23, Brainbees said Swara Baby will acquire 100% equity ownership in KA Hygiene through a share swap transaction valued at Rs 57.74 crore. As part of the deal, Swara Baby will issue 38,49,572 equity shares to the existing shareholders of KA Hygiene. The transaction does not involve any cash consideration.

Following the issuance of shares, Brainbees’ holding in Swara Baby will reduce from 87.29% to 75.92%. The acquisition is expected to be completed by the end of the year.

Incorporated in 2019, KA Hygiene manufactures and trades hygiene products. The company recently took over the business operations of a related entity operating in the same segment. On a consolidated basis, the hygiene business reported revenue of Rs 84.01 crore in FY25, compared with Rs 80.42 crore in FY24 and Rs 58.45 crore in FY23.

The firm reported a profit after tax of Rs 5.22 crore in FY25. KA Hygiene has only recently commenced standalone operations, and its individual financials are currently negligible.

Separately, Brainbees has earlier incorporated Swara Corp in the United States through Swara Baby Products as part of its overseas expansion plans in the hygiene and disposable products category.

Brainbees recently reported consolidated revenue from operations of Rs 2,099 crore in Q2 FY26, while posting a positive EBITDA of Rs 111 crore for the quarter ended September 30, 2025.