Honasa Consumer Limited’s (Mamaearth parent company) stock fell by more than 10% today, Tuesday (19 November). The company’s stock closed at Rs 262.75, a fall of 11.61%.
The company’s stock had also fallen by 20% a day earlier. According to this, Honasa’s stock has fallen by more than 30% in 2 days so far. On November 18, the company’s stock fell by 20% to Rs 297.25. This continuous decline in the stock is being seen due to the company’s poor quarterly results.
Honasa stock fell 37.22% in the last one month
Honasa’s stock has fallen by 37.22% in the last month. At the same time, the company’s stock has fallen by 38.10% in six months and 24.86% in one year. Honasa’s stock has fallen by 38.44% this year, from January 1, 2024, to now. The company’s market cap is Rs 8.61 thousand crores.
The company incurred a loss of Rs 19 crore in the second quarter
Mamaearth’s parent company Honasa Consumer Limited has incurred a loss of Rs 19 crore in the second quarter of FY 2024-25. The company has gone from profit to loss as compared to the same quarter a year ago. In Q2FY24 (second quarter of FY 2023-24), the company had a profit of Rs 29 crore.
Talking about the consolidated revenue from the company’s operations, it stood at 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 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 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 children. According to the company’s website, Mamaearth is Asia’s first brand whose products are Made Safe certified.
