The revenue from operations of the company marked a 26.41 per cent growth on a year-on-year (YoY) basis in the second quarter of the current fiscal
Improving its performance over the last one year, Brainbees Solutions, the parent company of FirstCry, has reported a decline in its consolidated net loss in the second quarter of the current financial year. As per the company’s unaudited consolidated financial results, its net loss narrowed to Rs 62.85 crore in Q2FY25, as compared to Rs 119.4 crore in the second quarter of previous fiscal (Q2FY24).
The company had posted a net loss of Rs 75.68 crore in the quarter ended on 30 June 2024. The revenue from operations of the company marked a 26.41 per cent growth as it grew from Rs 1,506.88 crore in Q2FY24 to Rs 1,904.91 crore in the recently concluded quarter. As far as the quarter-on-quarter (QoQ) performance is concerned, it went up by 15 per cent from Rs 1,652.07 crore in Q1FY25.
Brainbees Solutions reported a 66 per cent growth in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 80.1 crore. The adjusted EBITDA margin stood at 4.2 per cent in the recently concluded quarter, up from 3.2 per cent in the corresponding quarter of the previous financial year.
The gross merchandise value (GMV), representing the monetary value of orders inclusive of taxes and gross discounts, was reported at Rs 2,528.6 crore in the quarter ended 30 September 2024, marking an increase of 21 per cent on a year-on-year (YoY) basis.
As far as the segmental performance is concerned, the India Multi-channel witnessed a 19 per cent YoY revenue growth in the recently concluded quarter, while the international business reported a 25 per cent YoY growth in its revenue. GlobalBees also marked a 55 per cent YoY rise in its revenue in the quarter. India Multi-channel business delivered 38 per cent YoY growth in Adjusted EBITDA. International business saw its adjusted EBITDA margins improved by 390bps to (18.9 per cent) in Q2 FY25 as compared to (22.8 per cent) in Q2 FY24.
