Mamaearth

Launched in 2016, the brand grew popular for its range of "toxin-free" mom-and-baby products such as face washes, shampoos and hair oils

Honasa Consumer Ltd, which owns FMCG brands such as Mamaearth and The Derma Co, on Thursday reported a 92.9 per cent jump in its consolidated profit at Rs 50.2 crore in the December quarter of FY26. It logged a profit of Rs 26.02 crore in the October-December period a year ago, according to a regulatory filing. Honasa Consumer's revenue from operations was up 16.23 per cent to Rs 601.54 crore in the December quarter of FY26. The revenue was at Rs 517.51 crore in the corresponding quarter a year ago. According to the company, the third-quarter revenue is "the highest-ever quarterly revenue for the company". Total expenses of Honasa Consumer were at Rs 550.31 crore, up 8.47 per cent. Its focus categories delivered growth of over 25 per cent, driven by strong demand. "Mamaearth returned to double-digit growth during the quarter, supported by product superiority and sharpened investment, resulting in market share gains and traction in focus categories," the company said in its earnin

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Honasa said last year that Mamaearth's growth had lagged its own expectations for the last few quarters due to shifting consumer preferences, with company noting that it needed to refresh production

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The FMCG major told Justice Amit Bansal that it will remove online posts within 24 hours and hoardings within 48 hours

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The company's consolidated profit rose slightly to Rs 26.04 as compared to Rs 25.9 crore a year ago

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FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to Rs 26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of Rs 25.9 crore in the October-December quarter last fiscal, Honasa Consumer Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 517.51 crore compared to Rs 488.22 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 507.31 crore against Rs 464.46 crore in the same period a year ago, the company said. During the continued to strengthen its offline distribution through direct distributors in the top 50 cities, Varun Alagh, Honasa Consumer Ltd Chairman and CEO & Co-founder, said.

According to reports, promoter Varun Alagh increased his stake in the company to 31.93 per cent.

The stock hit a new low even as the company denied allegations claimed by AICPDF around the company's practices with its distributors and distribution transition.

The sharp selloff was triggered after Honasa posted its first quarterly loss since listing in Nov. 2023 late on Thursday

Mamaearth is growing slower than expectations and Honasa said the company is making identified structural changes to bring it back to its growth trajectory in a few quarters.

The decline was attributed to the company's ongoing transition to a D2C model under "Project Neev", which has necessitated an inventory correction of Rs 63 crore