FirstCry Reports 13% Growth in Q1 FY27 Revenue

FirstCry, part of Brainbees Solutions, has announced a modest growth rate of 13% in revenue year-on-year for Q1 FY27. Despite this progress, the company is still operating at a loss, although it has successfully reduced its losses by 34%, bringing them down to Rs 44 crore during the quarter.

According to unaudited financial reports sourced from the National Stock Exchange (NSE), FirstCry’s revenue from operations rose to Rs 2,106 crore in Q1 FY27, an increase from Rs 1,863 crore in Q1 FY26. However, on a quarterly comparison, the revenue from operations experienced a decline of 2.6%, down from Rs 2,163 crore in Q4 FY26, following an earlier drop of 11% in the preceding quarter.

Revenue Contributions

India continues to be FirstCry’s primary revenue source, with both offline and online sales accounting for 69% of total operational revenue, generating Rs 1,456 crore during the quarter. Additionally, international operations contributed Rs 232 crore to the overall figures.

The subsidiary, GlobalBees, added Rs 424 crore to the total revenue, while interest income recorded was Rs 47 crore, bringing the overall income for the quarter to Rs 2,153 crore.

Expenditure Breakdown

For the Pune-based retailer, material procurement represented the largest portion of expenses, comprising over 61% of total spending during the quarter. This cost escalated by 37% year-on-year, reaching Rs 1,337 crore in Q1 FY27, up from Rs 976 crore during the same period last year.

Conversely, employee benefit costs decreased by 10% to Rs 183 crore, largely due to a reduction in costs associated with Employee Stock Ownership Plans (ESOPs), which accounted for Rs 30 crore during the quarter. Other significant expenses included marketing, depreciation, rent, and technology costs, culminating in an overall expenditure of Rs 2,177 crore for Q1 FY27.

Financial Performance

The company has successfully narrowed its losses to Rs 44 crore in Q1 FY27 from Rs 67 crore in the same quarter of the previous year. EBITDA improved to Rs 60 crore, while the EBITDA margin reached 2.83% for this period.

As of the conclusion of today’s trading session, FirstCry’s share price was noted at Rs 214.45 per share, resulting in a total market capitalization of approximately Rs 11,196 crore (around $1.18 billion).