FirstCry parent company Brainbees Q1FY25 results: Loss narrows to Rs 76 cr, revenue rises 17%

Supam Maheshwari, Firstcry MD and CEO

Brainbees Solutions, the company that runs FirstCry, posted a revenue of Rs 1,652 crore in Q1FY25, a 17 percent increase from Rs 1,407 crore generated in the same quarter last year.

This is the first time the company has declared its results after going public earlier in the month.

The Pune-based mother and baby products company saw its losses narrowing 31 percent from Rs 110 crore in Q1FY24 to Rs 76 crore in Q1FY25.

"We were able to deliver growth at scale during the quarter," Supam Maheshwari, CEO of Brainbees Solutions said while discussing the company's results with analysts.

The company's total expenses stood at Rs 1,603 crore during the quarter, an increase of 13 percent from Rs 1,423 crore incurred in the same period last year.

The company had a consolidated average order value (AOV) of Rs 2,460 on the platform during the quarter, which was down marginally from Rs 2,482 in Q1FY24. The company also had an Annual Unique Transacting Customer (AUTC) base of around 0.4 million in Q1FY25 a 39 percent year-on-year (YoY) growth.

Total orders

The company clocked a 19 percent increase in total orders for its core business (India multi-channel). In Q1FY25, the company did a total of 9 million orders up from 7.6 million in the same period last year.

Orders for its international business were, however, flat at 0.4 million. "Order volumes affected due to operations being severely impacted for 10-12 days due to unseasonal rains and floods in UAE and advancement in seasonal spends associated with festivals in the Middle East (e.g. Eid in early April 2024)," the company said.

The order volumes were however back in July and August, Maheshwari told analysts.

The company's shares had closed Friday's trade session at Rs 641.40 apiece, up 1.89 percent over the previous day, on the BSE.