Shares of Brainbees Solutions surged nearly 13% on Friday, February 20, breaking a four-day losing streak during which the stock fell 22.34%. According to reports from CNBC TV18, The Economic Times, and Upstox, the parent company of FirstCry emerged as the top gainer on the Nifty 500 after four days of sharp declines. The stock had declined 11.2% on Monday, February 16, as markets reacted to its Q3 earnings, and has traded in the red in six of the last seven sessions. The latest surge brought the stock to its day's high of ₹241.55 on the NSE, representing a significant recovery from recent lows. As reported by The Economic Times, the rebound was supported by strong trading volumes, with around 1.8 crore shares changing hands on the NSE and volumes on the BSE spiking nearly sixfold as of 10:15 am.
The e-commerce company delivered strong Q3FY25 results with net loss narrowing by 69.2% to ₹14.7 crore from ₹48.4 crore a year earlier. As reported by CNBC TV18, revenue rose 14.3% year-on-year to ₹2,172 crore, compared with ₹1,900 crore in the corresponding quarter last year. In the domestic market, revenue increased 15% to ₹1,510 crore, while international revenue climbed to ₹261 crore from ₹230 crore in the year-ago period. The company's strong quarterly performance marked its highest adjusted EBITDA at both the consolidated level and in its India multi-channel operations. However, recent developments show mixed signals, with The Economic Times reporting that the company's net loss widened to ₹38 crore in Q3 from ₹14.7 crore a year ago, due to increased expenses as the company expanded its rapid-delivery offering.
The company recorded its strongest quarterly performance in four years, achieving its highest adjusted EBITDA at both the consolidated level and in its India multi-channel operations. According to CNBC TV18, order volumes grew 13% year-on-year to 11.1 million in Q3FY25, up from 9.8 million in the same quarter last year. The positive operational metrics came despite the negative market reaction to the earnings announcement, with the company achieving its highest adjusted EBITDA in four years across all key metrics. The Economic Times reports that FirstCry's India multi-channel and international business together posted a gross merchandise value (GMV) of ₹3,424 crore in the third quarter, representing 10% YoY growth. The company's rapid delivery service, Rocketbees, was expanded to 22 cities in the third quarter from 13 cities, though it faces competition from traditional quick commerce companies and new startups.
Shares were trading 13% up at ₹241.55 as of 10:31 am on Friday, February 20, after hitting the intraday high of ₹241.55. As reported by Upstox, this represents a significant recovery from the stock's recent performance, which had declined 42.87% in the past 12 months. The stock had debuted on August 13, 2024, at a premium of 40% against the issue price of ₹465, with the ₹4,194 crore IPO receiving 12.22 times subscription. However, The Economic Times notes that the stock has plunged 40% in the past 12 months and is now trading below its 50-day and 200-day simple moving averages of 276 and 339 respectively. The latest surge brought the stock back from a fresh 52-week low of ₹207.05 hit on Thursday.
On February 17, Brainbees Solutions filed with stock exchanges disclosing that ICICI Prudential Mutual Fund has acquired 2,00,210 shares, bringing its total shareholding to more than 5% of the company's paid-up capital. According to the company's filing, the mutual fund's acquisition was made on February 16, 2026, and the holding is from an investment perspective rather than seeking controlling interest. FirstCry, launched in 2010, operates as India's largest multi-channel, multi-brand retailing platform for mothers', babies', and kids' products, with operations in the UAE and Saudi Arabia since 2019 and 2022 respectively.
