FirstCry Reports Strong Growth in Q3 FY25

FirstCry, a leader in the kids-oriented retail sector under Brainbees Solutions, has unveiled its Q3 FY25 financial outcomes today. The results indicate robust growth, with a significant 14.3% year-over-year scale increase and a remarkable 70% reduction in losses.

Revenue Highlights

According to unaudited financial documents obtained from the National Stock Exchange (NSE), FirstCry’s operational revenue surged to Rs 2,172 crore in Q3 FY25, up from Rs 1,900 crore in Q3 FY24.

Revenue Sources

The company’s main revenue streams stemmed from product sales through both offline outlets and online platforms in India as well as internationally, contributing nearly 82% of the total operating revenue. Additionally, its subsidiary GlobalBees added Rs 422 crore to the revenue. Interest income generated an extra Rs 44 crore, resulting in total revenue of Rs 2,217 crore for Q3 FY25 compared to Rs 1,936 crore in Q3 FY24.

Expenditure Overview

For the omnichannel retailer, procurement costs represented 66% of overall expenses, rising by 17% year-on-year to Rs 1,451 crore in Q3 FY25, up from Rs 1,239 crore in Q3 FY24. Employee benefits amounted to Rs 177 crore in Q3 FY25, which included Rs 28 crore attributed to ESOP costs. Other overhead costs related to marketing, legal fees, rent, and technology escalated the overall expenses to Rs 2,210 crore in Q3 FY25, compared to Rs 1,978 crore in Q3 FY24.

Financial Performance

The combination of increased scale and controlled expenditures enabled FirstCry to cut its losses down by 70%, finishing the quarter with a loss of Rs 15 crore. Importantly, the company achieved a positive EBITDA of Rs 152 crore.

Market Position

As of the latest trading day, FirstCry’s share price was recorded at Rs 419, with a total market capitalization of Rs 21,753.8 crore, which is about $2.5 billion.