Honasa Consumer Ltd, the parent of Mamaearth, posted a 264% increase in its consolidated net profit to INR 25.9 Cr in the Q3 FY24 from INR 7.1 Cr in the year-ago quarter.
But, the profit declined sequentially from INR 29.4 Cr in the preceding September quarter.
Mamaearth's operating revenue surged 28% to INR 488.2 Cr in Q3 FY24. The revenue from ops stood at INR 496.1 Cr.
Honasa chairman and CEO Varun Alagh also said, "Four out of six brands from our portfolio are already in the INR 150 Cr ARR club…"
Shares of Honasa Consumer ended today’s trading session 3.54% higher at INR 432.75 on the BSE.
Review the complete financials of the public-listed Honasa Consumer Ltd (Mamaearth) here: