FirstCry narrows Q2 loss by 20%, revenue crosses Rs 2,000 crore

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Brainbees Solutions, the parent of mother and baby care products retailer FirstCry, trimmed its consolidated net loss by 20% year-on-year (YoY) to Rs 50.5 crore for the quarter ending in September, as growth across business segments supported performance.

The Pune-based company’s consolidated revenue from operations rose 10% YoY to Rs 2,099 crore, compared with Rs 1,905 crore a year earlier. Revenue also improved sequentially, rising 13% from the June quarter, helping narrow losses.

At Rs 1,381 crore, FirstCry’s India multi-channel business posted…



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FirstCry narrows Q2 loss by 20%, revenue crosses Rs 2,000 crore



Brainbees Solutions, the parent of mother and baby care products retailer FirstCry, trimmed its consolidated net loss by 20% year-on-year (YoY) to Rs 50.5 crore for the quarter ending in September, as growth across business segments supported performance.

The Pune-based company’s consolidated revenue from operations rose 10% YoY to Rs 2,099 crore, compared with Rs 1,905 crore a year earlier. Revenue also improved sequentially, rising 13% from the June quarter, helping narrow losses.

At Rs 1,381 crore, FirstCry’s India multi-channel business posted…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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