India's FirstCry parent drops as quarterly loss widens, BIS seizure

Brainbees Solutions

27/05/2025 07:33

** Brainbees Solutions BRAE.NS shares down 5.7% to 353.8 rupees

** Stock set for worst day in seven weeks

** Parent of baby products retailer FirstCry reports Q4 consol loss widened to 1.12 billion rupees ($13.14 million) from 432.6 million loss last year

** Incurs 367.4 million rupees exceptional charge due to warehouse fire

** Bureau of Indian Standards seizes goods worth 9 million rupees; co seeks legal advice

** Stock rated "buy" on avg, median PT at 494 rupees - data compiled by LSEG

** Stock down ~46% YTD

($1 = 85.2230 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))