Business · Updated 16 Oct, 10:10 pm IST
FirstCry reports revenue growth but losses persist as costs bite
Why it matters for readers: It explains why a fast-growing retailer can still report losses because of how the business and its parent group are organised.
- Consolidated revenue for Q1 FY27 was ₹2,106.2 crore, up 13.1% year-on-year.1
- Consolidated net loss narrowed roughly 34% to ₹44 crore in Q1 FY27 from ₹66.5 crore in Q1 FY26.1
- FirstCry closed the previous financial year with about ₹8,548 crore in total sales and a statutory consolidated net loss of around ₹204 crore.1
- Founder Supam Maheshwari described the Q1 outcome as the company’s strongest baseline revenue expansion over the last five years.1
- Article notes the company’s bottom line is being squeezed by a rigid corporate framework and expensive side bets linked to GlobalBees.1
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