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.

November 14, 2024
11 Articles