FirstCry annual results 2023 fiscal period have been released today. Everyone is keen on knowing about its performance in the market. We will share the FirstCry FY 2023 reports below. The current reports have shown an increase in the loss. According to sources, the company has witnessed around six times more losses than the previous year. The company will file its DRHP by 29 December 2023. There is also an increase in its product’s demand.
FirstCry Results 2023 Fiscal Period Revenue, Sales Report, Net Loss And EBITDA
FirstCry has made a net loss of 6 times more in FY 23. On the other hand, the revenue has a growth of 135% YoY. FirstCry FY 22 resulted in a net loss of Rs. 79 Crores, which increased to Rs. 486 crores in FY 23. The revenue for FY 22 was Rs. 2,401 crores from Rs. 5,632 crores in FY 23. The company’s growth in revenue and demand is a positive sign. However, many still question the loss, especially before the IPO. However, many have opposite opinions about the same as well.
The financial reports for FY 2023 are as follows. The ROCE for the year was -7%, EBITDA was -2%. Apart from that, the expenses were Rs. 6,316 Crores. The cost of procurement of materials was the major expense. However, the demand has seen a good increase. The company can show a positive results by the FY 2025. However, the rest will be verified at that time only.
The company’s IPO can raise around $500 million to $600 million, leading to its valuation around $3.5 billion to $4 billion. The expectations are positive for the company. It’s a big name in the mother and childcare sector. Many investors are looking forward to its IPO already. The baby care sector’s needs are taken care of effectively in FirstCry. The products range from Diapers, Toys, and Baby Gears as well.
The growth numbers of the company are impressive. The sales had a growth of 135%. The EBITDA margin was 3%, which was -2% in FY 2023. ROCE also has some changes. It was -1% in FY 22 and increased to -7% in FY 23. Four male founders initiated FirstCry in 2010 as an e-commerce platform. It has become a unicorn in e-commerce, leading the segment. Supam Maheshwari, Prashant Jadhav, Amitava Saha, and Sanket Hattimattur are the company’s founders. We hope you get enough details about FirstCry FY 2023 reports.