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Brainbees Solutions, the parent company of mother and baby care products retailer FirstCry, reported a subdued performance for the quarter ended March 31, with its consolidated net loss widening 2.5 times year-on-year (YoY) to Rs 111.5 crore, compared to Rs 43 crore in the same period last year.
The Pune-based company’s consolidated operating revenue, however, rose 16% YoY to Rs 1,930.3 crore during the quarter.
FirstCry’s India multi-channel business generated revenue of Rs 1,337.3 crore, an 11.5% increase from Rs 1,198.9 crore in the year-ago…
