Honasa Consumer shares in focus as Mamaearth operator reports YoY loss in Q2 on revenue decline
- Posted on November 18, 2024
- By Business News Today
- 3 Views
Honasa Consumer shares in focus as Mamaearth operator reports YoY loss in Q2 on revenue decline
Honasa Consumer, the parent company of Mamaearth, reported a consolidated net loss of Rs 19 crore in Q2FY25, attributing it to a one-time inventory correction. Despite a 7% YoY decline in revenue, the company highlighted a 5.7% growth adjusted for inventory and emphasized its strategic shift in distribution model as a key driver for future growth.