FirstCry parent’s Q4 net loss widens 2.5X to Rs 111.5 crore despite revenue growth

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Brainbees Solutions, the parent company of mother and baby care products retailer FirstCry, reported a subdued performance for the quarter ended March 31, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year.

The Pune-based company’s consolidated operating revenue, however, rose 16% YoY to Rs 1,930.3 crore during the quarter.

FirstCry’s India multi-channel business generated revenue of Rs 1,337.3 crore, an 11.5% increase from Rs 1,198.9 crore in the year-ago…



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FirstCry parent’s Q4 net loss widens 2.5X to Rs 111.5 crore despite revenue growth


Brainbees Solutions, the parent company of mother and baby care products retailer FirstCry, reported a subdued performance for the quarter ended March 31, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year.

The Pune-based company’s consolidated operating revenue, however, rose 16% YoY to Rs 1,930.3 crore during the quarter.

FirstCry’s India multi-channel business generated revenue of Rs 1,337.3 crore, an 11.5% increase from Rs 1,198.9 crore in the year-ago…



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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