The shares of Mamaearth's parent company Honasa Consumer Limited have fallen by 20% today i.e. Monday (November 18). The company's shares have come down to Rs 297.25 with a lower circuit of 20%. This decline in the stock has been seen due to the poor quarterly results of the company.
The company's shares had closed at Rs 378 on the last trading day on Thursday. The stock has fallen 22.76% in the last 5 days and 29% in a month. The company's shares have fallen 30% in 6 months and 15.00% in one year. Honasa shares have fallen 30.36% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 9.66 thousand crore.
The market-cap of Honasa Consumer Limited is Rs 9.66 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 made 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
Honasa Consumer's shares have fallen 20% due to poor quarterly results. 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
