Honasa Consumer’s profit increased by 63% in the first quarter: The company, which sells products under the Mamaearth brand, saw its revenue grow by 19% to Rs 554 crore, shares fell by 4%

Mamaearth’s parent company Honasa Consumer Limited has made a profit of Rs 40.2 crore in the first quarter of FY 2024-25. It has increased by 62.9% as compared to the same quarter a year ago. In Q1FY24 (first quarter of FY 2023-24), the company had a profit of Rs 25.9 crore. Talking about the consolidated revenue from the company’s operations, it was Rs 554.10 crore in the April-June quarter. It has increased by 19.3% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 464.5 crore. The amount received from selling goods and services is called revenue. Product business growth increased by 20.30% on an annual basis
The company has released the first quarter results today (Monday, August 12). Honasa said in an exchange filing that the company’s product business growth was 20.30% year-on-year in the April-June quarter. While volume growth has increased by 25.2% year-on-year. The company said that better growth was seen in the facewash business. Mamaearth’s business grew by 30% in a year
The company said that the business of Mamaearth brand has reached about 2 lakh FMCG retail stores in India by June 2024. This has increased the company’s distribution by 30% year-on-year. Honasa’s stock fell by more than 4%
Ahead of the results, the stock of Honasa Consumer Limited (Monday, 12 August) fell 4.15% to close at Rs 454. The stock has fallen 1.02% in the last 5 days and 4.51% in a month. The company’s stock has given a return of 3.57% in 6 months and 34.68% in a year. Honasa’s stock has gained 6.36% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 14,650 crore. Honasa Consumer manufactures personal care and beauty products
Honasa Consumer Limited manufactures personal care and beauty products. The company sells its products through several brands such as Mamaearth, The Derma Company, Aqualogica and Ayuga. Apart from this, the company has also made several strategic acquisitions to strengthen its portfolio. This includes product and service company Beblunt and dermatologist formulated skincare brand Dr. Sheth. The company was started in 2016. Its founders are Ghazal and Varun. After becoming new parents, they decided to make toxin-free products for their child. According to the company’s website, Mamaearth is Asia’s first brand whose products are Made Safe certified.