FirstCry Reports 70% Drop in Losses; Revenue Rises 14.3% in Q3 FY25
by Aishwarya Bhatt
· February 9, 2025
Brainbees Solutions, the parent company of omnichannel kids retailer FirstCry, reported strong financial performance in its Q3 FY25 results. Revenue grew 14.3% year over year, and losses significantly reduced by 70%.
Financial Highlights
According to unaudited financial statements filed with the National Stock Exchange (NSE), the company achieved:
- Revenue from operations of Rs 2,172 crore, up from Rs 1,900 crore in Q3 FY24
- Total revenue of Rs 2,217 crore, including Rs 44 crore in interest income
- Positive EBITDA of Rs 152 crore
- Reduced losses to Rs 15 crore
Revenue Breakdown
The company's revenue sources included:
- 82% from product sales through offline stores and websites in India and international markets
- Rs 422 crore contribution from subsidiary GlobalBees
- Rs 44 crore from interest income
Operational Costs
Key expenditure components for the quarter included:
- Materials procurement cost of Rs 1,451 crore, up 17% year-on-year
- Employee benefits of Rs 177 crore, including Rs 28 crore in ESOP costs
- Total expenditure of Rs 2,210 crore, compared to Rs 1,978 crore in Q3 FY24
The company's market performance remains strong. As of the last trading session, its shares were trading at Rs 419 per share, and its market capitalization was approximately Rs 21,753.8 crore ($2.5 billion)