FirstCry Parent Narrowed Losses by 73.5% on Strong Revenue

In the first quarter of fiscal 2027, Brainbees Solutions, the parent company of FirstCry, achieved a notable improvement in its financial performance. The consolidated net loss for the period narrowed to Rs 31 crore, a significant reduction from the Rs 46 crore loss reported in the same quarter of the previous fiscal year. This enhanced profitability was accompanied by a 1% year-on-year increase in consolidated revenue from operations, reaching Rs 2,106 crore.

The company also reported a substantial 73.5% surge in consolidated Ebitda, which grew to Rs 59 crore from Rs 34 crore in the prior year. Consequently, the Ebitda margin expanded to 2.8%, up from 1.8% in the year-ago period. Brainbees highlighted a sequential improvement in its revenue growth rate, with the first quarter of fiscal 2027 marking its strongest revenue growth in seven quarters.

Gross merchandise value (GMV) increased by 12% year-on-year to Rs 28,072 million for the quarter ended June. The number of annual unique transacting customers also saw a 10% rise, reaching 11.8 million. Brainbees' international business contributed to this growth, with revenue increasing by 12% year-on-year.

Looking ahead, Brainbees anticipates sustained growth momentum, bolstered by ongoing initiatives across both its online and offline channels. The company remains committed to achieving sustainable growth while concurrently enhancing its profitability. Adjusted Ebitda losses declined by 22.3% year-on-year, reflecting progress in operating efficiency.