Latest news with #Firstcry
Business Standard
27-05-2025
- Business
- Business Standard
Brainbees Solutions (Firstcry) drops as Q4 net loss widens to Rs 77 cr
Brainbees Solutions (Firstcry) fell 4.30% to Rs 359.10 after the company's consolidated net loss widened to Rs 76.74 crore in Q4 FY25, compared with net loss of Rs 51.74 crore in Q4 FY24. Revenue from operations jumped 15.8% YoY to Rs 1,930.32 crore in Q4 FY25. The company reported pre-tax loss of Rs 117.56 crore in Q4 FY25, compared with pre-tax loss of Rs 51.81 crore in Q4 FY24. Adjusted EBITDA jumped 20% to Rs 100.5 crore in Q4 FY25, compared with Rs 83.8 crore recorded in Q4 FY24. Adjusted EBITDA margin improved to 5.2% in Q4 FY25 from 5% in Q4 FY24. Revenue from companys India multi-channel business jumped 12% to Rs 1,337.3 crore in Q4 FY25 compared with Rs 1,199 crore in Q4 FY24. Revenue from International business stood at Rs 205.4 crore in Q4 FY25, up 11% YoY. The annual unique transacting customers increased 17% YoY to 10.6 million. Gross merchandise value (GMV) jumped 14%YoY to Rs 2,614.6 crore in Q4 FY25. The companys consolidated average order value rose 0.36% to Rs 252.5 in Q4 FY25, compared with Rs 251.6 crore in Q4 FY24. The average value order for Indias multi-channel segment stood at Rs 221.8 in Q4 FY25, up 0.14% YoY, while the average order value of international segment was at Rs 904.1 in Q4 FY25, up 6.59% YoY. On full year basis, the company reported consolidated net loss of Rs 191.47 crore on 18.2% increase in revenue from operations to Rs 7,659.61 crore in FY25 over FY24. Meanwhile, the companys board approved an incremental investment of Rs 94,000 in its subsidiary, Globalbees Brands Private, through the subscription of compulsory convertible preference shares (CCPS) in one or more tranches. Earlier, the board had approved an investment in Globalbees Brands Private for an amount not exceeding Rs 1,46,00,00,000. Based on the valuation report obtained, the proposed investment amount for the subscription of CCPS under the Series C2 share subscription agreement is Rs 1,46,00,94,000. Further, the companys board approved to make further investment in Firstcry Management DWC LLC, a wholly owned subsidiary. Of this amount, up to SAR 28 million will be invested in Firstcry Trading Company, KSAa wholly owned subsidiary of Firstcry Management DWC LLCfor business expansion. The remaining amount will be invested in Firstcry Retail DWC LLC, UAE, also a wholly owned subsidiary, to support business expansion initiatives. Brainbees Solutions is engaged in the wholesale buying, selling, advertising, and promotion of maternity, baby and kids products across various channels. The company also provides facilitation services in education, training, and related activities. Its products are primarily sold through its online platform, FirstCry.
Economic Times
26-05-2025
- Business
- Economic Times
Brainbees Solutions Q4 results: Firstcry parent's cons net loss widens YoY to Rs 111 crore, revenue jumps 16%
Brainbees Solutions which operates Firstcry reported a net loss of Rs 111 crore in Q4FY25 which widened from Rs 43 crore reported by the company in the year ago period. The company's revenue from operations in the said quarter stood at Rs 1,930 crore, gaining by 16% over Rs 1,667 crore reported in the corresponding quarter of the last financial year. ADVERTISEMENT The net loss widened on a sequential basis as well as the company had reported a loss of Rs 15 crore in Q3FY25. The revenue was also 11% lower on the quarter-on-quarter basis versus Rs 2,172 crore reported in the October-December quarter of FY25. However, the company managed to trim its losses for the full financial year at Rs 265 crore versus Rs 322 crore in FY24. The revenue was up 18% YoY ro Rs 7,660 crore. The adjusted EBITDA jumped 43% YoY to Rs 394 crore. Cash profit after tax (PAT) jumped 96% to Rs 209 crore. The gross profits in Q4FY25 were up at Rs 1,206 crore versus Rs 1,055 crore in Q4FY24 while the gross profit margin in the respective quarters stood at 37.5% and 36.7%.The adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 100 crore in the quarter under review up from Rs 84 crore in the year ago period. ADVERTISEMENT Segment revenue India Multi-Channel: Revenue in Q4FY25 stood at Rs 1,337 crore versus Rs 1,199 crore in Q4FY24. International: Revenue in Q4FY25 stood at Rs 125 crore versus Rs 106 crore in Q4FY24. Globalbees: Revenue in Q4FY25 stood at Rs 398 crore versus Rs 299 crore in Q4FY24. Others: Revenue in Q4FY25 stood at Rs 11 crore versus Rs 10 crore in Q4FY24. The company said that 38% of GMV generated by top 20 cities in FY25 is from cross channel customers (transacting both online & offline). ADVERTISEMENT Also Read: Nazara Tech Q4 results: Cons PAT doubles YoY to Rs 16 crore, revenue rises by 95% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
26-05-2025
- Business
- Time of India
Brainbees Solutions Q4 results: Firstcry parent's cons net loss widens YoY to Rs 111 crore, revenue jumps 16%
Brainbees Solutions which operates Firstcry reported a net loss of Rs 111 crore in Q4FY25 which widened from Rs 43 crore reported by the company in the year ago period. The company's revenue from operations in the said quarter stood at Rs 1,930 crore, gaining by 16% over Rs 1,667 crore reported in the corresponding quarter of the last financial year. The net loss widened on a sequential basis as well as the company had reported a loss of Rs 15 crore in Q3FY25. The revenue was also 11% lower on the quarter-on-quarter basis versus Rs 2,172 crore reported in the October-December quarter of FY25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo However, the company managed to trim its losses for the full financial year at Rs 265 crore versus Rs 322 crore in FY24. The revenue was up 18% YoY ro Rs 7,660 crore. The adjusted EBITDA jumped 43% YoY to Rs 394 crore. Cash profit after tax (PAT) jumped 96% to Rs 209 crore. The gross profits in Q4FY25 were up at Rs 1,206 crore versus Rs 1,055 crore in Q4FY24 while the gross profit margin in the respective quarters stood at 37.5% and 36.7%. Live Events The adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 100 crore in the quarter under review up from Rs 84 crore in the year ago period. Segment revenue India Multi-Channel: Revenue in Q4FY25 stood at Rs 1,337 crore versus Rs 1,199 crore in Q4FY24. International: Revenue in Q4FY25 stood at Rs 125 crore versus Rs 106 crore in Q4FY24. Globalbees: Revenue in Q4FY25 stood at Rs 398 crore versus Rs 299 crore in Q4FY24. Others: Revenue in Q4FY25 stood at Rs 11 crore versus Rs 10 crore in Q4FY24. The company said that 38% of GMV generated by top 20 cities in FY25 is from cross channel customers (transacting both online & offline). Also Read: Nazara Tech Q4 results: Cons PAT doubles YoY to Rs 16 crore, revenue rises by 95%
Time of India
26-05-2025
- Business
- Time of India
Stocks in news: Firstcry, Nazara, Swiggy, JSW Steel, NTPC
Markets concluded the week on a subdued note, as investors grappled with global uncertainties and awaited key domestic developments. In today's trade, shares of Firstcry, Nazara, Swiggy , JSW Steel , NTPC among others will be in focus due to various news developments and fourth quarter results. Firstcry, Nazara Shares of Firstcry and Nazara will be in focus as the companies will announce their fourth quarter results today. NTPC NTPC reported a 22% year-on-year growth in its Q4FY25 consolidated net profit at Rs 7,897 crore versus Rs 6,490 crore in the year ago period. Hyundai, NTPC Green, Swiggy Hyundai Motor India , NTPC Green Energy, Swiggy and Waaree Energies will become part of FTSE global equity indices in the largecap category while ITC Hotels, a spin-off from diversified conglomerate ITC will exit largecaps. JSW Steel JSW Steel reported 16% growth in its consolidated net profit at Rs 1,503 crore in the fourth quarter, compared with Rs 1,299 crore in the last year quarter. Ashok Leyland Ashok Leyland reported a 38% year-on-year growth in its Q4FY25 standalone net profit at Rs 1,246 crore versus Rs 900 crore in the year ago period. JK Cement JK Cement's net profit rose 77% to Rs 417 crore in the fourth quarter. Revenue from operations rose 14% YoY to Rs 3,343 crore. Nibe Nibe bagged an order worth Rs 151 crore from an Israel-based defence technology company. Glenmark Pharma Glenmark Pharma announced its consolidated financial results for the fourth quarter and full fiscal year 2025, demonstrating healthy revenue growth despite challenges in North America. Sun Pharma Sun Pharma announced a fresh investment of up to $25 million in US-based biopharmaceutical firm Pharmazz Inc., raising its stake to approximately 22.7% on a fully diluted basis. GNFC GNFC reported net profit at Rs 210 crore in the fourth quarter. Revenue from operations was down 3% at Rs 2,055 crore. Union Bank of India The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 63.6 lakh on Union Bank of India for non-compliance with regulatory provisions related to depositor fund transfers and agricultural lending norms.
Fashion Network
28-04-2025
- Business
- Fashion Network
Globalbees Brands CEO Nitin Agarwal resigns citing personal reasons
Nitin Agarwal, chief executive officer (CEO) and director of Globalbees Brands Pvt Ltd, a subsidiary of Firstcry has resigned from his role citing personal reasons, effective April 24. Anuj Jain, chief business officer of Firstcry's pre-school segment and senior vice president of marketing has taken over the role as the CEO of Globalbees Brands, effective April 25. Jain has been an integral part of the management of the company since July 2012 and has over 23 years of industry experience including companies like ITC and L'Oréal. Agarwal will be available to assist with all transition actions until close of business hours on May 23, 2025. 'It has been an incredible journey, and I would like to thank everyone at Globalbees for the support and trust throughout my time here. I wish the company all the success in its future endeavours,' Agarwal wrote in his resignation letter. Founded in 2021, Globalbees Brands is a Thrasio-style direct-to-consumer (D2C) venture by Firstcry. It operates on a house of brands model, and buys and consolidates D2C brands across sectors like beauty and personal care, fashion etc.
