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Honasa Consumer Limited, parent of Mamaearth, reported a significant Q2 loss despite growth in some skincare products.
Honasa Consumer Limited, parent company of Mamaearth, reported a Q2 loss of Rs 18.6 crore, down from a profit of Rs 29.4 crore last year.
Revenue fell 6.9% to Rs 462 crore.
Despite the loss, face washes, sunscreens, and face serums saw 28% growth.
The company plans to shift to direct distributors in top 50 cities to improve sales and aims to lead or be among the top three in key categories nationally within 3-5 years.
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Honasa Consumer Limited, padre de Mamaearth, reportó una pérdida significativa del Q2 a pesar del crecimiento en algunos productos para el cuidado de la piel.