Brainbees, Parent Company of FirstCry Share Price Up 7%, Narrows Q2 FY25 Loss

On November 14, 2024, Brainbees Solutions, a leading online retailer for baby and kids’ products, reported a 26% year-on-year growth in its revenue from operations, reaching ₹1,904.9 crore in the July-September quarter.

Q2 FY25 Financial Highlights

The consolidated adjusted EBITDA for the company stood at ₹80.1 crore, reflecting a 66% increase compared to Q2 FY24.

In Q2 FY25, the international business saw a strong recovery, delivering 25% year-on-year revenue growth. Profitability also improved, with adjusted EBITDA margins rising by 390 basis points to 18.9%, compared to 22.8% in Q2 FY24.

Growth Across Key Segments

Revenue growth was strong across all segments, with the India Multi-channel business posting a 38% year-on-year increase in adjusted EBITDA and a 19% rise in revenue.

The international business regained momentum in Q2 FY25, reporting a 25% year-on-year revenue growth, as stated in the company’s investor presentation. Additionally, GlobalBees saw a 55% year-on-year revenue increase in Q2 FY25.

The gross merchandise value (GMV), which reflects the total value of orders before discounts and including taxes, reached ₹2,528.6 crore in Q2 FY25, marking a 21% growth year-on-year.

Share Price Performance

On November 18, 2024, Brainbees Solutions’ share price traded 6.90% higher at ₹554.85 at 12:15 PM on NSE. The stock opened at ₹544, higher than its previous close of ₹519.05. 

About Brainbees Solutions

Brainbees Solutions Ltd is a prominent player in the e-commerce and retail sector and is best known for its flagship brand, FirstCry. Apart from FirstCry, Brainbees has diversified into various related sectors, expanding its portfolio with brands such as Joybees and Swara Baby Products. The company also operates through multiple entities globally, including Globalbees Brands Private Limited, which oversees numerous acquisitions in sectors ranging from health and nutrition to homecare and technology.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.