Brainbees Solutions, the company that runs and operates FirstCry, reported a net loss of Rs 111.5 crore for the fourth quarter of FY25, which widened compared to Rs 43.2 crore a year ago, company filing said on May 26. FirstCry had reported a loss of Rs 14.7 crore in the previous quarter.
The firm incurred a one-time loss of Rs 36.7 crore, which contributed to the losses in the March quarter.
Loss for the full financial year, however, narrowed by 18 percent to Rs 264.8 crore in FY25, compared to a loss of Rs 321.5 crore in the previous year.
The firm's revenue from operations rose 16 percent on year to Rs 1,930.3 crore in Q4FY25, up from Rs 1,668.9 crore last year. The revenue fell 11 percent compared to Rs 2,172.3 crore in the previous quarter.
Growth in the March quarter was impacted by a slowdown in offline sales, which the management termed a “temporary blip.” Gross merchandise value (GMV) from offline channels stood at Rs 466.9 crore in Q4 FY25, up marginally from Rs 443 crore in the year-ago period.
For the full year, the company reported a consolidated operational revenue of Rs 7,810.1 crore in FY25, up 19 percent from Rs 6,550 crore in FY24.
Total expenses for the FirstCry parent, meanwhile, increased 17 percent to Rs 1,914.4 crore in the quarter ended March, up from Rs 1,633.7 crore a year ago and Rs 2064.4 crore a quarter ago. For the full year, the firm’s expenses came in at Rs 7,429.6 crore, up 16 percent from Rs 6,410.4 crore in the previous year.
In line with a previous decision made on March 25, FirstCry’s board has also approved a small additional investment in its subsidiary Globalbees Brands.
The company had earlier cleared an investment of up to Rs 146 crore in Globalbees by subscribing to Compulsory Convertible Preference Shares (CCPS). Based on a formal valuation and investment agreement, the total amount has now been finalised at Rs 146.0094 crore. The latest board approval includes an incremental Rs 94,000 investment as part of this total.
The board also approved additional investment to support FirstCry’s international expansion. It will invest up to AED 32 million (approx. Rs 72 crore) in its Dubai-based subsidiary FirstCry Management DWC LLC. This entity will then invest up to SAR 28 million (approx. Rs 64 crore) in its Saudi Arabia arm, Firstcry Trading Company, with the rest of the funds going to Firstcry Retail DWC LLC in the UAE.
Both investments are aimed at boosting the company’s presence in Gulf markets.
Brainbees' shares ended 0.52 percent higher at Rs 375.75 apiece on BSE at the close of market hours on May 26.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
