Brainbees Solutions rose on Friday after the FirstCry parent posted its best revenue growth in five quarters and a sharply narrower net loss

The move came right after the company’s June quarter numbers landed, and the market liked what it saw.

Consolidated revenue for the quarter came in at Rs 2,106 crore, up 13% from Rs 1,863 crore a year earlier. That’s the fastest pace of growth the company has managed in five quarters, and it came alongside a much healthier bottom line.

The net loss shrank too. It fell 34% year-on-year to Rs 44 crore from Rs 66.5 crore in the same period last year. India remains the engine behind all of this.

Revenue from the India business jumped 18% to Rs 1,456 crore, its strongest showing in seven quarters.

Growth here came from a mix of online and offline gains, helped along by the company’s push into faster delivery.

RocketBees, its quick-delivery network, now covers 72 cities, up from 62 last quarter. FirstCry Qwik, the newer and speedier format, expanded from five cities to twelve. That growth did come at a cost.

India’s adjusted EBITDA slipped to Rs 84 crore from Rs 107 crore, and the segment margin fell to 5.7% from 8.6% a year ago, largely because of stiff competition in the diapering category, where pricing pressure from rivals continues to bite into margins even as overall volumes grow.

The non-diapering side of the business, which makes up around 85% of GMV, held up better.

Outside India, the international business, which covers Middle East operations, grew revenue 12% to Rs 232 crore.

Adjusted EBITDA losses there narrowed to around Rs 17 crore from Rs 22 crore, taking the margin from -10% to -7%.

At 09:45 am, Brainbees Solutions was trading higher by around 1.17% at Rs 216.64.

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