Mamaearth Parent Honasa’s Shares Slump Over 6% Intraday After Q1 Results

Mamaearth Parent Honasa’s Shares Slump Over 6% Intraday After Q1 Results

SUMMARY

Shares of Honasa touched an intraday low of INR 444.45 apiece on the BSE but pared some of the losses to end the session 4.6% lower at INR 451.65

Mamaearth’s profit zoomed 62.9% YoY to INR 40.2 Cr in Q1 FY25, while operating revenue rose 19.3% to INR 554 Cr

Brokerages believe that Honasa’s decision to clear excess inventory in trade will hurt its performance in Q2. However, they expect it to return to normal growth trajectory from Q3

Shares of Honasa Consumer Ltd, the parent company of D2C brand Mamaearth, slumped over 6% during the intraday trading on Monday (August 12), despite the company posting an over 60% increase in its net profit in the June quarter on Friday (August 9).

The startup’s shares touched an intraday low of INR 444.45 apiece on the BSE. However, the stock pared some of the losses to end the session 4.6% lower at INR 451.65.

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