Daijiworld Media Network - New Delhi

New Delhi, Nov 14: Brainbees Solutions Ltd, the parent company of baby products retailer FirstCry, on Saturday reported a consolidated net loss of Rs 12.59 crore for the second quarter of FY27.

Revenue from operations increased 14.1 per cent year-on-year to Rs 2,395.83 crore, compared to Rs 2,099.08 crore in the corresponding quarter of the previous financial year.

Total income, including other income of Rs 41.8 crore, rose 14 per cent year-on-year to Rs 2,437.6 crore during the reporting quarter.

On a sequential basis, revenue from operations grew 13.7 per cent from Rs 2,106.2 crore in the preceding June quarter.

Total expenses increased 13.1 per cent year-on-year to Rs 2,303.2 crore in Q2 FY27, against Rs 2,036.9 crore in the year-ago period. Employee stock option (ESOP) expenses, however, declined 57.5 per cent year-on-year to Rs 24.9 crore.

Shares of Brainbees Solutions ended nearly 2 per cent lower at Rs 160.40 apiece on the BSE on Friday. The stock has recorded a 52-week high of Rs 348.50 and a 52-week low of Rs 156.80, according to the exchange.

Brainbees Solutions shares declined 9.84 per cent over one month, while the Sensex advanced 11.72 per cent and the BSE Consumer Discretionary index gained around 7 per cent.

The stock has also witnessed a sharp decline over longer periods, falling 25 per cent in three months, 32 per cent in six months, 44 per cent year-to-date, 53 per cent in one year and nearly 70 per cent over two years.

During the corresponding periods, the Sensex gained 4.5 per cent and 9.36 per cent over three and six months, respectively, declined 4.22 per cent year-to-date and 3.42 per cent over one year, before rising 5 per cent over two years.

FirstCry was among nine digital platforms penalised by the Central Consumer Protection Authority (CCPA) for allegedly using deceptive online practices known as dark patterns, according to a disclosure made by the Ministry of Consumer Affairs in the Rajya Sabha earlier in August.

The CCPA has taken action against companies found using practices such as drip pricing, basket sneaking, confirm shaming, subscription traps and misleading prompts, which are designed to influence users into making decisions they might otherwise not have taken.

FirstCry was fined Rs 2 lakh as part of the enforcement drive.