FirstCry Parent Posts Wider January-March Loss On Higher Expenses, One-Time Hit

Brainbees Solutions Ltd., the parent of online baby products retailer FirstCry, saw its net loss widen in the March quarter, hurt by higher expenses and a one-time charge, even as revenue grew year-on-year.

The company reported a consolidated net loss of ₹767.4 million for the March quarter, compared with a loss of ₹517.4 million a year ago and ₹77.9 million in the previous quarter. The widening loss came despite a 16% rise in revenue from operations to ₹19.3 billion.

On a sequential basis, revenue was down just over 11%.

Total expenditure, excluding finance costs, rose to ₹19.14 billion from ₹16.34 billion a year ago. Finance costs surged to ₹376.4 million from a low base last year. The company also took a one-time loss of ₹367.4 million during the quarter.

Other income more than doubled to ₹484.7 million from ₹182.1 million a year earlier. The company recorded a tax write-back of ₹60.3 million in the quarter, compared with ₹85.5 million a year ago.

For the financial year 2024-2025, Brainbees trimmed its net loss to ₹1.91 billion from ₹2.74 billion a year ago, as revenue rose 18.2% to ₹76.6 billion.