Shares of Mamaearth's parent company Honasa Consumer Limited fell by more than 10% today i.e. Tuesday (November 19). The company's shares closed at Rs 262.75 with a decline of 11.61%.
Even a day before, the company's shares had fallen by 20%. Accordingly, Honasa shares have fallen by more than 30% in 2 days. On November 18, the company's shares fell 20% to Rs 297.25. This continuous decline in the stock is being seen due to the poor quarterly results of the company.
Honasa shares fell 37.22% in last one month
Honasa shares have fallen 37.22% in the last one month. The company's shares have fallen 38.10% in 6 months and 24.86% in one year. Honasa shares have fallen 38.44% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 8.61 thousand crore.
The company suffered a loss of Rs 19 crore in the second quarter.
Mamaearth's parent company Honasa Consumer Limited has suffered a loss of Rs 19 crore in the second quarter of the financial year 2024-25. The company has turned from profit to loss compared to the same quarter a year ago. The company had a profit of Rs 29 crore in Q2FY24 (second quarter of financial year 2023-24).
Talking about the consolidated revenue from operations of the company, it stood at Rs 462 crore in the July-September quarter. There has been a decline of 7.05% on annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 496 crore. The amount received from selling goods and services is called revenue.
Honasa Consumer manufactures personal care and beauty products.
Honasa Consumer Limited manufactures personal care and beauty products. Kanapi sells its products through several brands such as Mamaearth, The Derma Company, Aqualogica and Ayuga. Apart from this, the company has also made several strategic acquisitions to strengthen its portfolio. This includes product and service company Beeblunt and dermatologist formulated skincare brand Dr Sheth.
The company was started in 2016. Its founders are Ghazal and Varun. After becoming new parents, they decided to create toxin-free products for their children. According to the company's website, Mamaearth is the first brand in Asia whose products are Made Safe certified.
Honasa Consumer is trending on Google
Due to poor quarterly results, Honasa Consumer's shares have fallen by more than 30% in 2 days. After this news, Honasa Consumer is being continuously searched on Google. If we look at the Google trends of the last 30 days, it is clear that the graph of searching for Honasa Consumer has increased rapidly.
Source- GOOGLE TRENDS
Graphics Source: VaskarAssets
