SUMMARY
While net profit rose on a YoY basis, it declined from INR 29.4 Cr in Q2 FY24
Operating revenue zoomed 28% to INR 488.2 Cr in Q3 FY24 from INR 382.1 Cr in the year-ago quarter
Shares of Honasa Consumer ended today’s trading session 3.54% higher at INR 432.75 on the BSE
Honasa Consumer Ltd, the parent of D2C unicorn Mamaearth, posted a 264% increase in its consolidated net profit to INR 25.9 Cr in the quarter ended December 2023 from INR 7.1 Cr in the year-ago quarter.
However, profit declined sequentially from INR 29.4 Cr in the preceding September quarter.
Operating revenue zoomed 28% to INR 488.2 Cr in Q3 FY24 from INR 382.1 Cr in the year-ago quarter. Its revenue from operations stood at INR 496.1 Cr in Q2 FY24.
Commenting on the results, Honasa chairman and CEO Varun Alagh said, “The Q3 results is a testimony of our deep understanding of the beauty market in India. As we move ahead to capture this market further, our innovation-driven brand building playbook uniquely positions us to identify many opportunities to continue our growth trajectory. Four out of six brands from our portfolio are already in the INR 150 Cr ARR club…”
Shares of Honasa Consumer ended today’s trading session 3.54% higher at INR 432.75 on the BSE.
(The story will be updated soon.)
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
