Brainbees Solutions Ltd., the parent company of leading children’s products retailer FirstCry, released its financial results for the fourth quarter and fiscal year ending March 2025. The company reported strong revenue growth, but also saw a significant rise in quarterly losses, reflecting the challenges of scaling operations in a competitive market.
Q4 Revenue Sees 16% Year-on-Year Growth
Brainbees posted ₹1,930.3 crore in revenue from operations for Q4 FY25, a 16% increase from ₹1,667 crore in the same quarter of the previous fiscal year (Q4 FY24), as per filings with the National Stock Exchange (NSE).
Including other income such as ₹48 crore in interest earnings, the company’s total income for the quarter stood at ₹1,979 crore, compared to ₹1,685 crore in Q4 FY24.
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Full-Year Revenue Rises 19%
For the full financial year FY25, Brainbees reported ₹7,810.1 crore in consolidated operational revenue, up 19% from ₹6,550 crore in FY24.
The majority of this revenue came from offline and online sales in India and abroad, accounting for approximately 69% of total earnings. Its subsidiary, GlobalBees, a roll-up commerce brand aggregator, contributed ₹398 crore during Q4 FY25.
Losses Widen in Q4, But Improve Annually
Despite the top-line growth, the company’s net loss for Q4 FY25 surged to ₹111.5 crore, a 74% increase from ₹63.9 crore in Q4 FY24.
However, on an annual basis, FY25 net losses narrowed to ₹264.8 crore, down from ₹321.5 crore in FY24, marking a modest improvement in the bottom line due to better control over non-core expenses.
Rising Costs Drive Expenditure Growth
Brainbees’ Q4 FY25 total expenditure climbed to ₹2,060 crore, up from ₹1,737 crore in the corresponding quarter last year.
- Cost of materials accounted for 58% of total expenses, reaching ₹1,206 crore — a 14% increase YoY.
- Employee benefit expenses were ₹229 crore, which includes ₹82 crore in ESOP (Employee Stock Ownership Plan) costs.
- Other major operational expenses included marketing, technology, legal, and rental costs, signaling the company’s continued focus on brand visibility and infrastructure scaling.
For the entire fiscal year, Brainbees’ total expenses rose to ₹7,992 crore.
Stock Market Performance and Market Cap
Brainbees Solutions made its debut on the stock exchange earlier this year at ₹446 per share. As of May 26, 2025, the stock was trading at ₹376.5, translating to a market capitalization of ₹19,631 crore.
The stock has seen some volatility, influenced by concerns over profitability, despite consistent revenue growth.
Strategic Investments and Future Outlook
Finally in April 2025, the board of the company Brainbees approved an investment of ₹146 crores in GlobalBees Brands Private Limited through Compulsorily Convertible Preference Shares (CCPS). This investment will help GlobalBees brands Pvt Ltd grow its product portfolio and help with various plans to expand its operations.
The recent quarter remained marked by losses, but intermittently Brainbees has financially backed the company aggressively in technology, supply chain infrastructure, and building brands with a long-term goal of enhancing operational efficiencies and moving towards sustainable profitability.
Financial Highlights – Q4 FY25 vs Q4 FY24
| Financial Metric | Q4 FY25 | Q4 FY24 | % Change YoY |
|---|---|---|---|
| Revenue from Operations | ₹1,930.3 Cr | ₹1,667 Cr | ▲ 15.8% |
| Total Income (including other income) | ₹1,979 Cr | ₹1,685 Cr | ▲ 17.4% |
| Total Expenditure | ₹2,060 Cr | ₹1,737 Cr | ▲ 18.6% |
| Net Loss (Excluding Exceptional Items) | ₹111.5 Cr | ₹63.9 Cr | ▲ 74.5% |
| Cost of Material Procurement | ₹1,206 Cr | ₹1,055 Cr | ▲ 14.3% |
| Employee Benefit Expenses (incl. ESOP) | ₹229 Cr | NA | NA |
| GlobalBees Revenue Contribution | ₹398 Cr | NA | NA |
FY24 vs FY25 – Revenue & Net Loss Comparison
| Fiscal Year | Revenue (₹ Cr) | Net Loss (₹ Cr) |
|---|---|---|
| FY24 | 6,550 | 321.5 |
| FY25 | 7,810.1 | 264.8 |
Conclusion
Through its parent company Brainbees Solutions, FirstCry remains a big player in India’s growing kids and parenting vertical. The latest results show not just the opportunity in the sector, but also the investment required to scale profitably. While the company’s top-line numbers continue to perform well, stakeholders will be watching closely for its cost leverage and how it can deliver stronger margins in the next few quarters.
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