Brainbees Solutions Limited, the parent company of e-commerce platform FirstCry, has reported its financial results for the first quarter of fiscal year 2025. The company, which recently went public, saw strong revenue growth but continued to post losses.
Key highlights:
- Revenue growth: Consolidated revenue from operations increased 17.4% year-over-year to ₹1,652.07 crore in Q1 FY25, compared to ₹1,406.93 crore in Q1 FY24.
- Widening losses: The company reported a consolidated net loss of ₹75.69 crore for Q1 FY25, compared to a loss of ₹110.43 crore in the same quarter last year.
Segment performance:
- India multi-channel segment revenue grew to ₹1,150.13 crore
- International segment revenue reached ₹183.69 crore
- Globalbees segment revenue was ₹324.45 crore
Operational challenges: The company faced setbacks due to fires at warehouses in West Bengal and Maharashtra, as well as flooding in the UAE, which temporarily disrupted operations.
Employee stock options: The board approved ratification of various employee stock option plans.
International expansion: Brainbees announced plans to invest AED 50 million in its UAE subsidiary to support growth in the UAE and Saudi Arabia markets.
Despite the continued losses, the company’s revenue growth and international expansion efforts signal its focus on capturing a larger share of the growing baby and kids product market. Brainbees Solutions, which completed its IPO earlier this month, will be closely watched by investors as it aims to achieve profitability while maintaining its growth trajectory.
