While the exact trigger for the rebound was not immediately known at the time of filing, investors showed strong interest in the FirstCry operator. Around 1.8 crore shares had changed hands on the NSE as of 10:15 am, while volumes on the BSE spiked nearly sixfold.
Brainbees Solutions shares hit a fresh 52-week low of Rs 207.05 on Thursday.
The stock has plunged 40% in the past 12 months and is now trading below its 50-day and 200-day simple moving averages (SMAs) of 276 and 339, respectively, according to Trendlyne data.
Last week, the company announced its December quarter earnings, where its net loss widened to Rs 38 crore from Rs 14.7 crore a year ago, due to an increase in expenses as the company expanded its rapid-delivery offering. The Pune-based company clocked an 11.6% year-on-year (YoY) increase in operating revenue to Rs 2,423 crore in the December quarter, from Rs 2,172 crore a year earlier. Meanwhile, its expenses rose to Rs 2,327 crore in Q3, up 12.7% from Rs 2,064 crore last year.
However, the company’s results looked better on a quarter-on-quarter (QoQ) basis, despite relatively muted consumer sentiment. Its net loss narrowed by 24% from Rs 50.5 crore in Q2 FY26. Similarly, operating revenue for the December quarter rose by 15.5% from Rs 2,099 crore in the previous quarter.
At the pre-tax level, the company slipped to a loss of Rs 5.2 crore in the December quarter from a profit of Rs 6.9 crore in the year-ago period.Firstcry’s India multi-channel and international business together posted a gross merchandise value (GMV) of Rs 3,424 crore in the third quarter, a 10% YoY growth. GMV is the value of total orders sold by marketplaces or brands during a given time.
Meanwhile, the company’s rapid delivery service, Rocketbees, was expanded to 22 cities in the third quarter from 13 cities. In the quick delivery segment, Firstcry is experiencing competition from traditional quick commerce companies as well as new startups like Blume Ventures-backed Ozi and Stellaris-backed Peeko.
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