1. Mamaearth FY24 Q3 results | Honasa Consumer limited | Honasa share latest news | Mamaearth

Mamaearth FY24 Q3 results | Honasa Consumer limited | Honasa share latest news | Mamaearth

blog author image

Upstox

blog verification badge

1 min read • Updated: February 9, 2024, 8:36 PM

Facebook PageTwitter PageLinkedin Page

Summary

In this video, find out the latest Q3 results of Honasa Consumer Ltd, the parent company of renowned beauty & wellness brand Mamaearth.

  1. Revenue & Profit Surge

    • Consolidated revenue soared by 28% YoY.
    • Net profit witnessed an impressive 264% YoY increase.
  2. Key Product Sales Boom

    • Quarterly sales surged by 28% YoY.
    • Notably, Mamaearth facewash and shampoo gained market share in the past two years.
  3. Innovation & Expansion

    • Honasa Consumer Ltd introduced 122 new products in 2023, with a particularly positive response to colour cosmetics and Rosemary hair care.
    • 4 out of 6 brands now boast an ARR (Annual Recurring Revenue) of ₹150 Cr.
  4. Expanded Distribution Network

    • The company's retail touchpoints have expanded to over 1.7 lakh, marking a 37% YoY growth in distribution.
    • Products are now available in 8000+ stores across 31 chains.