The stock of Mamaearth’s parent company Honasa Consumer Limited has fallen by 20% today i.e. on Monday (18 November). The stock of the company has come down to Rs 297.25 with a lower circuit of 20%. This decline in the stock has been seen due to the poor quarterly results of the company. On the last trading day, Thursday, the stock of the company closed at Rs 378. The stock has fallen 22.76% in the last 5 days and 29% in a month. At the same time, the stock of the company has fallen 30% in 6 months and 15.00% in a year. The stock of Honasa has fallen 30.36% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 9.66 thousand crores. The company suffered a loss of Rs 19 crore in the second quarter Mamaearth’s parent company Honasa Consumer Limited has suffered a loss of Rs 19 crore in the second quarter of the financial year 2024-25. The company has turned from profit to loss as compared to the same quarter a year ago. In Q2FY24 (second quarter of financial year 2023-24), the company had a profit of Rs 29 crore. Talking about the consolidated revenue from the company’s operations, it was Rs 462 crore in the July-September quarter. It has declined by 7.05% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 496 crore. The amount received from selling goods and services is called revenue. 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 like 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. Honasa Consumer is trending on Google. After poor quarterly results, Honasa Consumer’s stock has fallen by 20%. After this news, Honasa Consumer is being searched continuously on Google. If we look at the Google trends of the last 30 days, it is clear that the graph of searching Honasa Consumer has increased rapidly. Source- GOOGLE TRENDS
