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Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, reported a modest 13% year-on-year growth in revenue in Q1 FY27, while the company continued to remain in the red despite narrowing its losses by 34% to Rs 44 crore during the quarter. FirstCry's revenue from operations grew to Rs 2,106 crore in Q1 FY27 from Rs 1,863 crore in Q1 FY26, its unaudited financial statements sourced from the National Stock Exchange (NSE) show. On a quarterly basis, the company’s revenue from operations continued to decline, falling 2.6% from Rs 2,163 crore in Q4 FY26, following an 11% decline in the previous quarter. India remained the company’s largest revenue contributor, with sales through offline stores and online channels, which accounted for 69% of total operating revenue and generated Rs 1,456 crore during the quarter. International operations contributed Rs 232 crore. Meanwhile, subsidiary GlobalBees added Rs 424 crore to the topline, while interest income stood at Rs 47 crore. Overall income for the quarter stood at Rs 2,153 crore. For the Pune-based company, material procurement remained the largest expense head, accounting for more than 61% of total expenditure during the quarter. The cost increased 37% year-on-year to Rs 1,337 crore in Q1 FY27 from Rs 976 crore in the corresponding quarter last year. Meanwhile, employee benefit expenses declined 10% to Rs 183 crore, largely due to a reduction in ESOP-related costs, which stood at Rs 30 crore during the quarte Marketing, depreciation, rent, and technology expenses were among the other major overheads, taking the company’s overall expenditure to Rs 2,177 crore in Q1 FY27. The company narrowed its losses by 34% to Rs 44 crore in Q1 FY27 from Rs 67 crore in the corresponding quarter last year. EBITDA rose to Rs 60 crore, while the EBITDA margin improved to 2.83% during the quarter. At the end of today’s trading session, FirstCry’s share price stood at Rs 214.45 per share, with a total market capitalization of Rs 11,196 crore (approximately $1.18 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.