Published By: Mohammad Haris
Last Updated: November 22, 2023, 19:17 IST
Honasa Consumer Ltd, which owns FMCG manufacturers similar to Mamaearth and The Derma Co, on Wednesday reported an nearly two-fold improve in its consolidated revenue after tax to Rs 29.43 crore for the second quarter ended September. It had a revenue after tax of Rs 15.19 crore in the yr-in the past interval, in accordance to a regulatory submitting from the corporate, which acquired listed on November 7.
Honasa Consumer’s income from operations was up 20.85 per cent to Rs 496.10 crore in the second quarter of this fiscal. It was at Rs 410.49 crore in the identical interval a yr in the past. Its whole bills stood at Rs 463.98 crore in the September quarter, up 18.25 per cent in contrast to the yr-in the past interval.
In the newest September quarter, the corporate’s whole revenue jumped 21.09 per cent to Rs 503.18 crore. “Honasa has been able to deliver market-beating growths and constantly improve the profitability portfolio of the company. Our business has grown by 33 per cent Y-o-Y in H1 FY24 which is 3.8 times the median growth of FMCG companies in India,” its Chairman and CEO Varun Alagh stated.
Shares of the corporate fell 4.05 per cent to shut at Rs 352.10 on the BSE.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)
