FirstCry Q1 results: Cons loss narrows YoY to Rs 57 crore, revenue jumps 17%


Brainbees Solutions, which operates FirstCry brand, on Friday reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024 from Rs 90 crore reported by the company in the year ago period. The loss is attributable to the owners of the company.

The revenue from operations stood at Rs 1,652 crore, which was higher by 17% over Rs 1,407 posted in the corresponding quarter of the previous financial year.

This is the company’s first quarterly earnings after it was listed on the bourses on August 13.

However, on the quarter-on-quarter basis, net loss for the reported period widened from Rs 52 crore reported by the company in Q4FY24. The revenue was also down 0.9% sequentially versus Rs 1,667 crore posted in the January-March quarter.

The company’s consolidated adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the reported quarter stood at Rs 74.3 crore which jumped by 106% on the YoY basis.The annual unique transacting customers stood at 9.5 million which was up by 15% versus June 2023, the company filing claimed. The India multi-channel business reported growth in order volume at 9 million Q1FY25, which was a YoY growth of 19%. It offset the marginal decline in average order value (AOV).The Firstcry parent saw continued momentum in GMV at Rs 1,939 crore Q1FY25 GMV which was an 18% YoY growth. Offline channel expansion continued with net addition of 20 new COCO stores (Babyhug and FirstCry) in Q1 FY25. Share of COCO stores increased from 34% in Q1 FY24 to 42% in Q1 FY25.

The earnings were announced after market hours and the shares ended at Rs 640 on the NSE, jumping by Rs 11.70 or 1.86% over the Thursday closing price.

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