The company's consolidated revenue from operations grew 21 per cent year-on-year (Y-o-Y) to Rs 471.1 crore in Q4, up from Rs 387.9 crore a year ago and Rs 488.2 crore in Q3 FY24
Skincare firm Mamaearth's parent posted a near 22% rise in revenue from operations to Rs 471 crore
Honasa's products are made with India's tropical weather and cultural nuances in mind, Alagh said. That's where we have an edge, he said
The company's stock price was up by 4.8 per cent at the close of the market hours, on the back of the update from the company
He dwells on the company's Q3 performance, challenges, and plans
Weak consumer demand impacts sequential performance
Celebrating seven years of success, the company eyes future growth with a diversified portfolio and strong offline presence
Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day
Sachin Bansal and Binny Bansal of Flipkart, Deepinder Goyal of Zomato among others in the list
Around 70 distributors in Maharashtra and Goa are sitting on 90 days of inventory
Stocks to watch on Tuesday, November 28, 2023: Honasa, Siemens and Newgen Software in focus today as exchanges lower circuit limit, results announcement and a liberal 1:1 bonus share issue.
Shares of the company last closed at Rs 424
Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.
The number one driver is, as our brands are scaling, we are seeing strong efficiency and leverage in our A&P (advertising and promotions) spends: Varun Alagh
According to the firm's first-ever earnings update since its stock market debut earlier this month, consolidated revenue from operations grew 21 per cent Y-o-Y to Rs 496.1 crore
Shares of Honasa Consumer, the parent company of Mamaearth, hit a new high at Rs 383.80 on the BSE in Wednesday's intra-day trade.
Many on the Street had raised concerns over Honasa's valuation and profitability track record
The qualified institutional buyer portion of the issue was subscribed 11.5 times, with over 80 per cent of the bids coming from overseas investors
At 2:20 PM, the issue was subscribed 5.6 times (5.6x) with QIB portion seeing subscription of 9.4x, followed by Employee portion at 4.34x. Retail investor portion stood at 91 per cent
Co-founders Varun and Ghazal Alagh aim to take Indian beauty brands global as they unveil Honasa's initial public offering, eyeing Rs 1,701 crore in funding