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Mamaearth net profit rises 93% to ₹29 cr in Q2
The Morning Standard
|November 23, 2023
HONASA CONSUMER, the parent firm of Mamaearth, Wednesday reported a 93% increase in its net profit to ₹29.4. crore for the September quarter of this fiscal. Last year during the same quarter, it recorded ₹15 crore profit.
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Its consolidated revenue from operations for the second quarter stood at ₹496.1 crore, a 21% increase from 410.4 crore reported in the year-ago period.
Varun Alagh, Chairman and CEO, Honasa Consumer, said, "Beauty market in India is brimming with opportunities.
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