Cofounders Ghazal and Varun Alagh said that they expect both Aqualogica and Dr. Sheth’s to enter the INR 500 Cr ARR club by FY27-FY29
The contribution of Honasa’s offline channel to its net sales have surged almost 4X to nearly 35% in FY24 compared to a mere 9% in FY20
Honasa’s net profit jumped 21% YoY to INR 30.47 Cr in Q4 FY24 while operating revenue also jumped 21% YoY to INR 471.09 Cr in the quarter under review
Listed D2C unicorn Mamaearth’s parent Honasa Consumer projects its skincare brand The Derma Co. to clock an annualised revenue run rate (ARR) of INR 1,000 Cr in the next three to five years.
In its annual report for the financial year 2023-24 (FY24), the company’s cofounders Ghazal and Varun Alagh said that they expect the startup’s other two brands, Aqualogica and Dr. Sheth’s, each to enter the INR 500 Cr ARR club between FY27 to FY29.