Brainbees Solutions Q3 Results: FirstCry parent narrows net loss by 70% to ₹14.7 crore, revenue up 14.3% YoY
- Brainbees Solutions Q3 Results: The Pune-based retail major's revenue from operations in the third quarter of the current fiscal rose 14.3 per cent to ₹2,712.3 crore
Brainbees Solutions Q3 Results: Brainbees Solutions, the company that runs and operates baby and mother care products retailer FirstCry, announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Saturday, February 8, reporting a drop of 69.6 per cent in its consolidated net loss to ₹14.7 crore, compared to ₹48.4 crore in the corresponding period last year.
FirstCry's net loss narrowed, driven by robust topline growth. The Pune-based retail major's revenue from operations in the third quarter of the current fiscal rose 14.3 per cent to ₹2,712.3 crore aided by robust growth in number of users on the platform, compared to ₹1,900 crore in the year-ago period.
Brainbees Solutions Q3 Results: Key Metrics
“Q3FY25 has been our best quarter in terms of profitability in the last four years. We have achieved the highest Adjusted EBITDA for our consolidated business and India Multi-channel business in the last four years,” said Brainbees Solutions in its investor presentation filed to the stock exchanges.
Brainbees Solutions, which already runs unicorn Globalbees and others, is also acquiring shares in Digital Age Retail Private Ltd, a wholly owned subsidiary of the company. “Approved the proposal to invest an amount of Rs. 2,99,59,91,448.02, by way of subscription to equity shares of Digital Age Retail Pvt Ltd (DARP), a wholly-owned subsidiary of the Company, in one or more tranches,” it said in a regulatory filing to the stock exchanges.
Revenue from the India business unit jumped 15 per cent to ₹1,510 crore, while international business revenue increased slightly to ₹261 from ₹230 crore on a year-on-year (YoY) basis. It delivered a total of 9.8 million orders in Q3FY24, which increased 13 per cent to 11.1 million in Q3FY25.
Despite strong growth across business segments, FirstCry’s consolidated expenses rose to ₹2,064 crore in the quarter, up from ₹1,841 crore in the previous quarter. Brainbees Solutions has 9.8 million annual unique transacting customers, a 17 per cent increase from 8.4 million in Q3FY24.
This was Brainbees Solutions's third quarterly result since its listing on the bourses in August 2024. While the stock debuted at a solid premium of 40 per cent, at ₹645, it has since declined. In the previous trading session, shares of Brainbees Solutions settled 9.87 per cent lower at ₹417.90 apiece on the BSE.
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