Mamaearth Parent Honasa Consumer's Q1 Net Profit Soars 63% To ₹40 Cr

Honasa Consumer, the parent company of personal care brand Mamaearth, posted its results for the quarter ended June after markets closed on Friday.

What Happened: The company posted a consolidated net profit of ₹40.2 crore in the April to June period, marking a 63% increase from ₹24.7 crore in the corresponding period, last year. Sequentially, profit rose 32% from ₹30.4 crore in the last quarter. 

Revenue from operations for the quarter jumped 19.4% year-on-year to ₹554 crore against ₹464.4 crore. The company had posted ₹471 crore of revenue in the March quarter. The total income of the company came in at ₹573 crore, representing a 20% year-on-year increase.

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Q1FY25 consolidated EBITDA improved by 201 bps to ₹46 crore, the company added in its press release. Mamaearth reached nearly 2 lakh FMCG retail outlets in India as of June 2024, increasing distribution by 30% YoY, it added.

“As we transition to a more direct distribution model, we are well-positioned to sustain and accelerate our growth trajectory. By leveraging our unique House of Brands strategy, purpose-driven approach, and strong emphasis on R&D and innovation, we are determined to solidify our leadership in the ever-evolving BPC FMCG segment," said Varun Alagh, CEO of Honasa Consumer, commenting on the results.

Founded by Ghazal Alagh and Varun Alagh, Honasa is also the owner of several other well-known brands including Aqualogica, The Derma Co and Dr Sheth's.

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