Firstcry's FY25 revenue rises 18% to Rs 7,659 crore
Bengaluru: FirstCry reported an 18% increase in revenue to Rs 7,659 crore in the 2024-25 financial year, even as the omnichannel retailer narrowed its loss to Rs 2,648 crore, down from Rs 3,215 crore a year earlier.
The company's India multi-channel business contributed Rs 5,278 crore, up 15% year-on-year, while its D2C brand aggregator Globalbees posted Rs 1,577 crore in revenue, up 30% from the 2023-24 financial year
In an analyst call on Saturday, CEO Supam Maheshwari acknowledged recent customer experience challenges tied to last-mile delivery, particularly within the India online segment. "Some of our delivery partners faced manpower constraints, which impacted delivery timelines," he said, adding that FirstCry began piloting alternative logistics models with local partners to reduce delivery windows from six hours to as low as three in select cities.
The company plans to expand this model to more locations without increasing costs.
Globalbees, which houses several D2C brands, swung to profitability at the Ebitda level, with a margin of 1.4% compared to 0.2% last year.
As of March, the company operated 1,156 modern stores, including 527 company-owned stores under the FirstCry and BabyHug formats. Maheshwari said FirstCry's offline strategy will remain integral to its multi-channel approach.
"About 38% of our GMV in the top 20 cities comes from customers who shop both online and offline," he said. "We'll continue expanding offline operations in FY26 at a pace similar to FY25, but with greater capital efficiency.
" The company reported 18% growth in GMV for its online business in the last fiscal, compared to 11–12% growth in the offline channel. Maheshwari also reiterated FirstCry's long-term bet on its in-house brands, which now account for over 55% of the platform's business.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Bajaj Finance board fixes record date for 1:2 stock split, 4:1 bonus share issue. Check details here
Bajaj Finance, on June 6, announced the record date for for 1:2 stock split and 4:1 bonus share issue. The NBFC stock closed 5 per cent higher on Friday at ₹ 9,372 apiece. According to the exchange filing, Bajaj Finance has set Monday, June 16 as the record date to determine eligible shareholders for both stock split and bonus share issue. 'We wish to inform you that the Company has fixed Monday, 16 June 2025 as the 'Record Date' for the purpose of determining the members, eligible for the sub-division of existing equity shares and issue of bonus equity shares of the Company,' the company said in the filing. In an another exchange filing dated April 29, the company announced that the board has approved the stock split in the ratio 2:1, which means each existing share with a face value of ₹ 2 will be divided into two fully paid-up equity shares with a face value of ₹ 1 each. 'Sub-division of 1 (one) equity share of face value of Rs. 2 each fully paid-up into 2 (two) equity shares of face value of Re. 1 each fully paid-up,' the company said in the filing. The Bajaj Group company also announced a bonus share issue in a 4:1 ratio. This means eligible shareholders will get 4 bonus equity shares of face value Re 1 each for every 1 fully paid-up equity share they hold, also of face value Re 1. ' Issue of bonus equity shares in the ratio of 4:1 i.e., 4 (Four) bonus equity shares of face value Re. 1 (Rupee One) each for every 1 (one) equity share of face value Re. 1 (Rupee One) each fully paid up,' it added. The company had also announced a final dividend of ₹ 44 per share (2200 per cent) of face value of ₹ 2 each for the financial year 2024-25, with May 30 set as the record date. For the March quarter, the company reported a 19 per cent year-on-year (YoY) surge in its consolidated net profit to ₹ 4,545.6 crore. Net interest income (NII) was slightly below projections, coming in at ₹ 9,807.1 crore compared to the expected ₹ 9,880.9 crore. The company's Assets Under Management (AUM) grew by 26 per cent YoY, reaching ₹ 4.17 lakh crore as of 31 March 2025. An addition of ₹ 18,700 crore during the quarter highlights consistent credit demand. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
NDTV
an hour ago
- NDTV
Tata Harrier.ev Acceleration Test- Can It Pull Off the Tablecloth Challenge? Watch
Tata has been launched in the Indian market, and the brand has already revealed all the specifications of the electric SUV. But it seems like the automaker is not done. They are now going ahead to demonstrate the real-world application of the numbers. Before the launch of the SUV, the automaker had revealed a clip of the vehicle climbing the elephant rock to demonstrate the AWD system. Now, it's the demonstration of its acceleration. Tata Motors has released a new video putting the through an acceleration test. The demonstration is done by the tablecloth challenge. The video begins by showing the electric SUV. Later on, it shows a table with various dishes on it, placed on a tablecloth. The EV then gets a launch from a dead stop, with one end of a rope tied to the vehicle and the other end to the tablecloth. With its fast acceleration, the vehicle manages to pull the tablecloth without disturbing the utensils. The feat became possible because of a dual motor setup consisting of a 155 hp front motor and a 234 hp rear motor. The max torque output stands at 504 Nm. Using this power, the SUV can accelerate from 0-100 kmph in 6.3 seconds. It is to be noted that at the time of performing the task, the electric vehicle was in Boost Mode. Apart from that, it also has Sport, City, and Eco modes. Tata is available with two battery pack options: 65 kWh and 75 kWh battery packs. The bigger battery pack gives 627 km of claimed range. The brand claims that using a 120 kW DC fast charger, the EV can offer a range of up to 250 km within 15 minutes of plugging in. It can also go from 20 to 80 per cent in 25 minutes. All of this comes at a starting price of Rs 21.49 lakh (ex-showroom).
Hans India
an hour ago
- Hans India
Centre simplifies GFR rules for procurement of scientific equipment, consumables
New Delhi: In a major step towards the ease of doing research, the General Finance Rules (GFR) have been simplified for procurement of scientific equipment and consumables, said Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology on Saturday. GFRs are the governing financial regulations for the government, outlining procedures for managing public finances. Applicable to Central government ministries, departments, for autonomous bodies with their own approved financial regulations, the GFRs cover aspects like budgeting, procurement, expenditure, and accounting. In a post on social media platform X, Singh noted that the move will enhance autonomy for young researchers. 'Here is a heartening news and a major breakthrough for young aspiring startups, innovators, and researchers: In a landmark step enabling ease of doing research, the GFR rules have been simplified for procurement of scientific equipment and consumables,' Singh said. 'This will reduce delays, also enhance autonomy and flexibility for research institutions -- empowering them to innovate faster,' he added. The MoS also lauded Prime Minister Narendra Modi 'for this transformative reform which will accelerate the technology-driven journey of Viksit Bharat'. An Office Memorandum, dated June 5, permitted Vice-Chancellors, directors of scientific organisations, and academic institutions 'to make non-Government e-Marketplace (GeM) procurement of scientific equipment and consumables'. The order is valid only for departments of Science and Technology; Biotechnology; Scientific and Industrial Research; Atomic Energy; Space; Earth Sciences; Defence Research and Development Organization; Indian Council of Agricultural Research (ICAR), including its affiliated institutions and Universities; Health Research (DHR), including Indian Council of Medical Research; educational and research institutes conducting post-graduate/ doctoral level courses or research, under any Ministry/ Department, the memorandum said. With the simplified rules, the limit of purchase of goods without quotation has been increased from the current Rs. 1,00,000 to Rs. 2,00,000. Similarly, the limit on the purchase of goods by the Purchase Committee has been increased to Rs. 2,00,000 and up to Rs. 25,00,000. For the Limited Tender Enquiry (LTE), the amended limit is up to Rs. 1 crore, while for Advertised Tender Enquiry, the new limit is above Rs. 1 crore, the memorandum said. The amendment is likely to provide greater flexibility to scientific Ministries to import and buy equipment necessary for research.
