Mamaearth Q3: Profit Surges 264% YoY To INR 26 Cr, Sales Up 28%

Mamaearth Q3: Profit Surges 264% YoY To INR 26 Cr, Sales Up 28%

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

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.

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