Latest news with #FirstCry
Business Upturn
13 hours ago
- Business
- Business Upturn
Brainbees Solutions shares surge 15% on heavy trading volume
Shares of Brainbees Solutions witnessed a significant upswing in Tuesday's trading session, jumping 15% amid strong investor interest. As of 1:41 PM, the shares were trading 14.05% higher at Rs 389.20. The stock opened at ₹341.25 and climbed to an intraday high of ₹392.90 before settling within the day's range of ₹340.05 to ₹392.90. Despite today's rally, the stock remains well below its 52-week high of ₹734.00. However, it has rebounded considerably from its 52-week low of ₹286.05, marking a positive short-term trend. Brainbees Solutions Q4 Results Brainbees Solutions, the parent company of FirstCry, reported a robust 15.84% year-on-year increase in revenue, reaching ₹1,930 crore for the latest financial period, up from ₹1,666 crore the previous year. Despite this top-line growth, profitability metrics took a significant hit. The company's EBITDA dropped by 51.51%, falling to ₹16 crore from ₹33 crore a year earlier. As a result, the EBITDA margin shrank by 115 basis points, landing at 0.82% compared to the previous 1.98%. Adding to the concerns, Brainbees reported a net loss of ₹76.7 crore, deepening from the ₹51.7 crore loss in the same period last year. The financials also revealed an exceptional loss of ₹36.7 crore this quarter, contributing further to the bottom-line decline. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hans India
6 days ago
- Business
- Hans India
Bengaluru: BIS Raids First Cry Warehouses, Seizes Goods Worth Rs. 90 Lakhs
Recently, authorities have been raiding warehouses of many large companies, including big e-commerce firms. In this wave of raids, the Bureau of Indian Standards (BIS) conducted a search at the warehouses of First Cry in Bengaluru. The purpose was to find goods that did not meet BIS quality standards. During the raid, officials seized goods in Bengaluru that violated the hallmarking rules under the BIS Act, 2016. They revealed that goods worth Rs. 90 lakhs were confiscated. Some of the products were being sold even though they did not meet the required quality standards. This was found to be a violation under Section 14(6) of the Act. Among the seized items were low-quality slippers and children's toys. First Cry has decided to cooperate with the raids following advice from its legal team. The company, however, clarified that it does not believe the seized goods violate BIS regulations. They also said the raid has not disrupted their business operations. BIS has conducted raids on First Cry's warehouses located in Bhimakkanahalli, Sulibila, Hubli, and Hoskote talukas of Bengaluru Rural district. The company stated that these actions have not caused significant financial loss. They are currently exploring legal options to address the situation. This is not the first time First Cry has faced such scrutiny. In November 2024, the company was investigated by Mumbai GST officials. In the fourth quarter ending March, First Cry reported a revenue of Rs. 1,930 crore but faced a net loss of Rs. 111.5 crore. Concerns are growing over the company's rising losses.
Economic Times
27-05-2025
- Business
- Economic Times
Standards regulator BIS seizes FirstCry products worth Rs 90 lakh
The Bureau of Indian Standards (BIS) carried out a search and seizure operation on Monday at a Bengaluru warehouse of FirstCry parent Brainbees Solutions, confiscating goods worth Rs 90 lakh for further investigation, the company said in an exchange filing on Tuesday. The action did not impact the company's operations, and they continue as usual, omnichannel baby care retailer FirstCry said in its filing. The standards regulator has alleged that FirstCry is in contravention of Section 14(6) of BIS Act, 2016 regarding a few products. The provision prohibits unauthorised establishments from assigning the Standard Mark or the ISI Mark to goods. The mark indicates a product meets the required quality standards."The company has taken note of the observations made by the BIS and is obtaining appropriate legal advice. Further, the company has no reasons to believe that the products seized by BIS are non-compliant of BIS Act, 2016,' the company said. On Monday, Brainbees Solutions reported a subdued performance for the March quarter, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year. The drop in bottomline came despite a 16% YoY rise in operating revenue to Rs 1,930.3 crore during the quarter. Along with revenue growth across business segments, the FirstCry parent saw consolidated expenses increase to Rs 1,914 crore, up from Rs 1,634 crore in the previous quarter.
Time of India
27-05-2025
- Business
- Time of India
Standards regulator BIS seizes FirstCry products worth Rs 90 lakh
The Bureau of Indian Standards (BIS) carried out a search and seizure operation on Monday at a Bengaluru warehouse of FirstCry parent Brainbees Solutions , confiscating goods worth Rs 90 lakh for further investigation, the company said in an exchange filing on Tuesday. The action did not impact the company's operations, and they continue as usual, omnichannel baby care retailer FirstCry said in its filing. The standards regulator has alleged that FirstCry is in contravention of Section 14(6) of BIS Act, 2016 regarding a few products. The provision prohibits unauthorised establishments from assigning the Standard Mark or the ISI Mark to goods. The mark indicates a product meets the required quality standards . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo "The company has taken note of the observations made by the BIS and is obtaining appropriate legal advice. Further, the company has no reasons to believe that the products seized by BIS are non-compliant of BIS Act, 2016,' the company said. On Monday, Brainbees Solutions reported a subdued performance for the March quarter, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year. Live Events The drop in bottomline came despite a 16% YoY rise in operating revenue to Rs 1,930.3 crore during the quarter. Along with revenue growth across business segments, the FirstCry parent saw consolidated expenses increase to Rs 1,914 crore, up from Rs 1,634 crore in the previous quarter. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Time of India
27-05-2025
- Business
- Time of India
FirstCry parent's Q4 net loss widens 2.5x to Rs 111.5 crore despite revenue growth
Brainbees Solutions , the parent company of mother and baby care products retailer FirstCry , reported a subdued performance for the quarter ended March 31, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year. The Pune-based company's consolidated operating revenue, however, rose 16% YoY to Rs 1,930.3 crore during the quarter. FirstCry's India multi-channel business generated revenue of Rs 1,337.3 crore, an 11.5% increase from Rs 1,198.9 crore in the year-ago period. Its house-of-brands subsidiary, GlobalBees, recorded a 33.4% rise in operating revenue to Rs 398.4 crore, despite a broader consumption slowdown. The company's international business also grew 11.2% YoY, with revenue reaching Rs 205.3 crore. 'We feel we should have delivered more both in India multi-channel and even in the international (business). The other two segments have done well. We want to expand our Ebitda margins faster in GlobalBees, as the business is still small… Also, in the India multi-channel, especially offline, we would like to see better performance,' CEO Supam Maheshwari said during the company's earnings call. Despite revenue growth across business segments, consolidated expenses increased to Rs 1,914.4 crore, up from Rs 1,633.7 crore in the previous quarter. The cost of materials consumed surged 59.8% to Rs 222.8 crore, while employee benefit expenses rose 6.5% to Rs 147 crore. During the quarter, Nitin Agarwal stepped down as CEO of GlobalBees, with Anuj Jain taking over the role. The company's board, in line with a decision made on March 25, approved additional investments in GlobalBees. FirstCry had earlier cleared an investment of up to Rs 146 crore in GlobalBees through the subscription of compulsorily convertible preference shares (CCPS). As per a valuation report, the final amount stood at Rs 1,46,00,94,000, including an incremental investment of Rs 94,000 as part of this total, the company said. The board also approved a fresh investment to support the company's international expansion. FirstCry will invest up to AED 32 million (approximately Rs 74.1 crore) in its wholly owned subsidiary FirstCry Management DWC LLC. Of this, around SAR 28 million (Rs 63.5 crore) will be infused by this entity into FirstCry Trading Company for business expansion, with the remainder going to FirstCry Retail DWC LLC, UAE. FirstCry, which listed on the bourses on August 13, debuted at a 40% premium over its issue price of Rs 549. The SoftBank and Premji Invest-backed company claims to have an annual transacting consumer base of 10.6 million. It offers 1.8 million stock-keeping units (SKUs) from 8,019 brands on its platform. The company offers a wide portfolio of products, including apparel, footwear, baby gear, nursery items, diapers, toys, and personal care, sourced from Indian third-party brands, global brands, and its own private labels. Its in-house brands include Pine Kids, Cute Walk, and Babyoye. Shares of FirstCry closed nearly flat at Rs 375.2 on the BSE on Monday.
