Menhood's H1 Profit Zooms 190% To INR 1.84 Cr

SUMMARY

Macobs Technologies, the parent of D2C brand Menhood, profits zoomed 190% to INR 1.84 Cr in H1 FY25 from INR 63.5 Lakh in the same half previous year

Operating revenue zoomed 86% to INR 16.55 Cr during the period under review from INR 8.90 Cr in H1 FY24

Founded in 2019 by Dushyant Gandotra, Menhood sells male grooming and lifestyle products via its own website and ecommerce marketplaces

NSE Emerge-listed Macobs Technologies, the parent of D2C brand Menhood, saw its profit after tax zoom 190% to INR 1.84 Cr in the first half of the fiscal year 2024-25 (H1 FY25) from INR 63.5 Lakh in the same half previous year, on strong revenue growth and improvement in margins.

Operating revenue zoomed 86% to INR 16.55 Cr during the period under review from INR 8.90 Cr in H1 FY24.

Including other income of INR 3.93 Lakh, the company’s total revenue for the first half stood at INR 16.59 Cr.

Founded in 2019 by Dushyant Gandotra, Menhood sells male grooming and lifestyle products via its own website and ecommerce marketplaces. Its products include trimmers, perfumes, intimate wash and moisturiser, among others.

The Jaipur-based company competes with the likes of Bombay Shaving Company, Beardo, Winston Electronics, among others

The company listed on the NSE Emerge platform in July this year. Its IPO comprised a fresh issue of 25.95 Lakh equity shares. The company raised INR 19.46 Cr from the IPO.

From this, the company said that it has spent INR 5.45 Cr from the INR 12 Cr reserved for its working capital requirement. It has utilised the entirety of the proceeds reserved for marketing, INR 2 Cr, as of September 30.

Where Did Menhood Spend?

The company’s total expenses zoomed 75% YoY to INR 14.13 Cr in H1 FY25.

Purchase of stock in trade: This was the biggest expense of the company. It spent INR 5.59 Cr for purchase of stock, up 51% from INR 3.70 Cr spent in the first half of last fiscal.

Employee Benefits: The company trimmed its spending on employee costs by 4% to INR 47.05 Lakh from INR 49.11 Lakh in H1 FY24.

Ahead of H1 results announcement, shares of Macobs ended today’s trading session 7.68% higher at INR 175.90.

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.