Beauty and personal care company Honasa Consumer Ltd posted a net profit of ₹26 crore for the third quarter ended December 31, 2024, with revenue growing 6 per cent year-over-year to ₹518 crore. The company reported an EBITDA margin of 5.0 per cent for the quarter.
The parent company of Mamaearth saw its nine-month revenue reach ₹1,533 crore, marking a 5.8 per cent growth compared to the same period last year. However, when adjusted for a one-time inventory correction in Q2FY25, the nine-month revenue stood at ₹1,596 crore, reflecting a 10.2 per cent growth.
Mamaearth, the company’s flagship brand, expanded its retail presence to 216,814 FMCG outlets across India by December 2024, representing a 22 per cent increase from the previous year. The brand strengthened its market position in key categories, with face wash and shampoo segments gaining 114 and 20 basis points in value market share, respectively.
The company’s emerging brands, including The Derma Co., Aqualogica, BBlunt, and Dr Sheth’s, maintained strong performance with over 30 per cent year-to-date growth. Under Project Neev, Honasa completed the appointment of Tier-1 distributors across its top 50 cities, aiming to strengthen its offline distribution network.
The shares of Honasa Consumer Limited closed today at ₹205.78 up by ₹4.89 or 2.43 per cent on the NSE though the stocks hit its 52-week low today at ₹197.51.
