FirstCry narrows Q2 loss by 20%, revenue crosses Rs 2,000 crore

Brainbees Solutions, the parent of mother and baby care products retailer FirstCry, trimmed its consolidated net loss by 20% year-on-year (YoY) to Rs 50.5 crore for the quarter ending in September, as growth across business segments supported performance.

The Pune-based company’s consolidated revenue from operations rose 10% YoY to Rs 2,099 crore, compared with Rs 1,905 crore a year earlier. Revenue also improved sequentially, rising 13% from the June quarter, helping narrow losses.

At Rs 1,381 crore, FirstCry’s India multi-channel business posted…