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Pune-based Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, reported a sharp spike in quarterly losses even as it closed FY25 with an improved bottom line. For the March quarter, the company’s net loss widened to Rs 111.5 crore, more than double the Rs 43.3 crore loss recorded in the same quarter last year. Sequentially, losses surged nearly seven-fold from Rs 14.7 crore in Q3 FY25.
The jump in quarterly losses was partly attributed to a one-time exceptional charge of Rs 36.7 crore. Operational revenue during the quarter rose 15.8% year-on-year to Rs 1,930.3 crore, though it fell 11.1% from Rs 2,172 crore in the preceding quarter.
Total expenses grew 16.9% year-on-year to Rs 1,914.3 crore but remained lower than the previous quarter’s outgo of Rs 2,046.4 crore. Despite the March quarter setback, Brainbees narrowed its full-year loss by 17.6% to Rs 264.8 crore, compared to Rs 321.5 crore in FY24, reflecting efforts to tighten operational costs.
Annual revenue from operations rose 18.2% year-on-year to Rs 7,659.6 crore. Including other income, the total revenue for the year stood at Rs 7,810.1 crore.
In a parallel move to fuel its global growth strategy, the board of Brainbees approved an investment of up to AED 32 million (approx. Rs 72 crore) in FirstCry Management DWC LLC, its Dubai-based subsidiary. Of this, SAR 28 million (approx. Rs 64 crore) has been earmarked for FirstCry’s Saudi Arabia entity, FirstCry Trading Company, while the remainder will support expansion in the UAE via FirstCry Retail DWC LLC.
The board also finalised a previously proposed investment in GlobalBees Brands, subscribing to CCPS worth Rs 146.0094 crore, including a marginal top-up of Rs 94,000.
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