Honasa Consumer Ltd Reports Robust Q1 Growth

Honasa Consumer Ltd, owner of FMCG brands like Mamaearth and The Derma Co, reported a 62.9% rise in consolidated profit after tax to Rs 40.25 crore for Q1 ending June 2024. Revenue increased by 19.28% to Rs 554.05 crore. However, shares fell by 4.58% to Rs 473.60 on BSE.

Honasa Consumer Ltd, the parent company of FMCG brands Mamaearth and The Derma Co, announced a significant 62.9% increase in its consolidated profit after tax, reaching Rs 40.25 crore for the first quarter ending in June 2024.

According to a regulatory filing, the company had registered a PAT of Rs 24.71 crore during the same period the previous year. The revenue from operations saw a notable climb of 19.28%, amounting to Rs 554.05 crore in the current June quarter compared to Rs 464.48 crore a year ago.

Despite strong financial performance, Honasa Consumer's shares fell by 4.58%, closing at Rs 473.60 on BSE.