The losses are attributable to the owners of the company.
The shrinkage in the company’s losses was on account of higher revenues on the YoY and QoQ basis. The FirstCry operator posted a topline of Rs 1,905 crore in Q2FY25, up from Rs 1,507 crore in the corresponding quarter of the previous financial year and Rs 1,652 crore in Q1FY25. This translates into a 26% YoY and 15% QoQ uptick.
At 9.9 million, the company’s Annual Unique Transacting Customers were 16.5% higher as compared to September 2023 numbers. The gross merchandising value (GMV) in the July-September quarter stood at Rs 2,529 crore, higher by 21% on a YoY basis.
Brainbees Solutions’ consolidated adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 80 crore, recording a 66% jump over the corresponding quarter of the previous financial year.
The India Multi-Channel Adjusted EBITDA in the said quarter was recorded at Rs 110 crore, a 38% YoY rise. The cash profit after tax rose by 209% to Rs 28 crore.International business regained momentum in Q2 FY25 delivering 25% YoY revenue growth with continuous improvement in profitability as adjusted EBITDA margins improved by 390 bps to 18.9% in Q2FY25 versus 22.8% in Q2FY24.GlobalBees delivered a strong performance with 55% YoY revenue growth in Q2FY25 and continued improvement in profitability with 154% YoY growth in adjusted EBITDA, the company filing said.
Significant improvement in consolidated profitability was driven by gross margin expansion of 101 bps YoY in Q2FY25 and operating leverage drove adjusted EBITDA margins to 4.2% in Q2FY25 from 3.2% in Q2FY24.
The earnings were announced after market hours and the stock ended at Rs 519.80 on the NSE, up by Rs 1.35 or 0.26%.
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