Brainbees Solutions (FIRSTCRY) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for FY25 was INR 76,596 million, up 18% year-over-year, with gross margin expanding by 159 bps and adjusted EBITDA margin at 5.1%.

• Adjusted EBITDA rose 43% to INR 3,935 million, and cash profit after tax nearly doubled to INR 2,090 million.

• India Multi-channel business turned PAT and free cash flow positive, with optimism for continued growth and profitability across all segments.

• Audited standalone and consolidated financial results for FY25 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

• Q4FY25 revenue from operations was INR 19,303 million, up 16% year-over-year; consolidated adjusted EBITDA for the quarter was INR 1,005 million, up 20%.

• FY25 gross margin reached 37.4% (up from 35.8% in FY24); adjusted EBITDA margin at 5.1% (up from 4.2% in FY24).

• Cash profit after tax in Q4FY25 was INR 692 million, a 484% increase over Q4FY24.

• 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.

Outlook and guidance

• Management remains optimistic about further growth and profitability expansion across all business segments, with a focus on sustaining positive free cash flow.

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

• Focus on improving EBITDA margins, especially in Globalbees and International, and maintaining capital efficiency in offline expansion.

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