Brainbees Solutions (FIRSTCRY) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue from operations reached INR 76,596 million in FY25, up 18% year-over-year, with gross margin expanding by 159 bps and adjusted EBITDA margin improving to 5.1% from 4.2% in FY24.

• Cash profit after tax nearly doubled to INR 2,090 million, and the India multi-channel business turned PAT and free cash flow positive.

• Q4FY25 saw 16% YoY GMV growth and 20% YoY increase in consolidated adjusted EBITDA.

• Audited standalone and consolidated financial results for the year ended March 31, 2025, were approved with an unmodified audit opinion.

• Board approved incremental investments in Globalbees Brands Private Limited and Firstcry Management DWC LLC for business expansion.

Financial highlights

• Gross margin improved to 37.4% in FY25 from 35.8% in FY24.

• Adjusted EBITDA margin increased to 5.1% in FY25 from 4.2% in FY24.

• Consolidated net loss for FY25 was INR 2,319.95 million, a reduction from INR 3,215.20 million in FY24.

• Standalone net profit for FY25 was INR 598.76 million, compared to a net loss of INR 621.94 million in FY24.

• Cash and cash equivalents at year-end stood at INR 2,711.72 million (consolidated) and INR 878.67 million (standalone).

Outlook and guidance

• Management remains optimistic about continued growth and profitability expansion across all business segments.

• Focus on leveraging home brands, operational efficiencies, and international expansion to drive future margin improvements.

• Board approved further investments in subsidiaries for business expansion in India, UAE, and KSA.

• Expectation to return to higher growth rates in India Multichannel as consumer slowdown abates.