Brainbees Solutions, the parent company of the kids-focused omnichannel retailer FirstCry, has reported robust financial performance in its first quarterly report since going public. The company achieved a 26.4% quarter-on-quarter growth in revenue while significantly reducing its losses, highlighting a well-managed fiscal quarter.
FirstCry’s operational revenue climbed to ₹1,905 crore in Q2 FY25, a substantial increase from ₹1,507 crore in Q2 FY24, according to unaudited financial statements from the National Stock Exchange. The majority of this revenue came from product sales through offline stores and online platforms, both domestically and internationally, which contributed 64% of the total operational income. Additionally, its subsidiary GlobalBees added ₹432 crore in revenue for the quarter. An interest income of ₹31 crore further boosted the company’s total revenue to ₹1,936 crore in Q2 FY25, up from ₹1,528 crore in the same period last year.
Procurement costs, which made up 64.6% of the company’s overall expenses, rose 16% quarter-on-quarter to ₹1,194 crore in Q2 FY25 from ₹1,029 crore in Q2 FY24. Employee benefit expenses amounted to ₹165 crore, including ₹21 crore allocated for ESOP costs. Additional expenses for marketing, legal, rent, and technology brought the total expenditure to ₹1,848 crore in Q2 FY25, compared to ₹1,512 crore in Q2 FY24.
Thanks to its strong revenue growth and prudent cost management, Brainbees managed to reduce its losses by an impressive 47.4%, bringing them down to ₹62.8 crore in the last quarter.
Since debuting on the stock exchange at ₹446, Brainbees’ stock has climbed to ₹519.8 as of November 14, with a market capitalization of ₹26,987 crore (approximately $3.21 billion). The company reached an all-time high share price of ₹734 on October 15, showcasing significant investor confidence in its growth trajectory.