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
The startup’s EBITDA zoomed 192% to INR 34 Cr from INR 12 Cr in the year-ago quarter
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.