The company's consolidated profit rose slightly to Rs 26.04 as compared to Rs 25.9 crore a year ago
Stocks to Watch on February 13, 2025: Investors will focus on Q3 results of Godrej Industries, ITI and others. They will also focus on stock specific development in Vi, ONGC, NTPC Green and others
FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to Rs 26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of Rs 25.9 crore in the October-December quarter last fiscal, Honasa Consumer Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 517.51 crore compared to Rs 488.22 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 507.31 crore against Rs 464.46 crore in the same period a year ago, the company said. During the continued to strengthen its offline distribution through direct distributors in the top 50 cities, Varun Alagh, Honasa Consumer Ltd Chairman and CEO & Co-founder, said.
According to reports, promoter Varun Alagh increased his stake in the company to 31.93 per cent.
The stock hit a new low even as the company denied allegations claimed by AICPDF around the company's practices with its distributors and distribution transition.
The sharp selloff was triggered after Honasa posted its first quarterly loss since listing in Nov. 2023 late on Thursday
Mamaearth is growing slower than expectations and Honasa said the company is making identified structural changes to bring it back to its growth trajectory in a few quarters.
The decline was attributed to the company's ongoing transition to a D2C model under "Project Neev", which has necessitated an inventory correction of Rs 63 crore
Market and consumer insights are the best teachers to learn from to grow business, a philosophy which has guided Mamaearth's decisions, contributing significantly to its growth, its co-founder Varun Alagh said on Thursday. Alagh, co-founder and CEO of beauty and personal care brand Mamaearth, speaking at the 119th Annual Session of the PHD Chamber of Commerce and Industry (PHDCCI) here, stressed the significance of consumer feedback in shaping business strategies. "I think the market and the consumer are the best teachers. As long as you're listening, they keep telling and teaching you. There is no better teacher than them. And we have treated the market and consumer like that, which has been very helpful because they have guided a lot of our decisions and got us to where we are today," he said. Alagh further highlighted the transformative impact of e-commerce and digital marketing in India, noting that these platforms are crucial for expanding access to products across diverse inco
Honasa Consumer Ltd, which owns Mamaearth, brand, on Saturday said there will be no attachment of its assets in the UAE as it has no assets there, although a court in Dubai has ordered such an action in its ongoing litigation with RSM General Trading LLC over termination of distributorship. The company, which also owns The Derma Co and Aqualogica brands, had on Friday said a court in Dubai has ordered attachment of its assets in the UAE but refused to cancel the trading licence of Honasa Consumer General Trading LLC. In a filing on Saturday, the company said,"... there shall be no attachment of the company assets, as the company has no assets located in the UAE." Honasa Consumer General Trading LLC, a subsidiary of Honasa Consumer Ltd has been exempted from this order, it added. RSM General Trading LLC (RSM) and Honasa Consumer Ltd (Honasa) had filed grievance statements against the precautionary attachment order passed by Court of Merits at Dubai, the UAE on June 6, 2024. The Dub
PN Gadgil Jewellers' IPO saw nearly 60 times more bids than shares on offer and attracted bids of more than Rs 48,100 crore
Peak XV Partners (formerly Sequoia Capital India & SEA), and four others on Thursday divested a 10 per cent stake in Honasa Consumer, which owns Mamaearth brand, for Rs 1,601 crore through open market transactions, while ICICI Prudential Life Insurance and Morgan Stanley acquired stakes in the company. Peak XV Partners through its arm Peak XV Partners Investments VI, Fireside Ventures through its affiliate Fireside Ventures Investment Fund I, Sequoia Capital Global Growth Fund III-US/ India Annex Fund, Sofina and Stellaris Venture Partners India I sold more than 3.23 crore shares or 10 per cent stake in Honasa Consumer, as per the data. According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold over 1.23 crore shares or 3.81 per cent stake in Honasa Consumer and Fireside Ventures offloaded 65.83 lakh shares or 2.03 per cent stake in Gurugram-based company. In addition, Brussels-headquartered Sofina Ventures SA divested 60.15 lakh shares ..
Peak XV Partners, Sequoia Capital, Redwood Trust, Fireside Ventures, Stellaris Ventures, and Sofina Ventures were the likely sellers
Honasa Consumer got an order from NCLT regarding its scheme of amalgamation with Just4Kids Services and Fusion Cosmeceuticals
He discussed the company's Q1 performance, festival season plans, challenges and future plans
In Q1 FY25, Honasa registered product business growth of 20.3 per cent, with underlying volume growth (UVG) of 25.2 per cent
Shares of Honasa Consumer, parent company of Mamaearth dropped by 4.8 per cent at Rs 435.05 per share on the BSE in Tuesday's early morning trades
D2C brands growth in quick commerce has overtaken traditional e-commerce, and the channel is currently proving to be more profitable as well
Founded by Rohini Manoj in 2011, CosmoGenesis has until now facilitated over 5,000 cosmetic and personal care formulations for businesses in India using its fully-equipped, state-of-the-art laboratory
Honasa Consumer stock price: The spurt comes as the beauty and personal care company reported its highest-ever net profit of Rs 30.5 crore in the March quarter of the financial year 2023-24 (Q4FY24)