Honasa Consumer Ltd reported a 55 percent increase in net profit to Rs 40 crore ($4.8 million) for the April-June quarter, as against Rs 26 crore in the year-ago quarter.
The company’s revenue for the quarter rose by 19 percent to Rs 554 crore, as against Rs 465 crore in the corresponding period of the previous fiscal year.
During the quarter, Honasa’s new products accounted for around 9 percent of revenue from operations.
Commenting on the results, Varun Alagh, chairman CEO of Honasa Consumer Limited in a statement said, “Reflecting on the highlights of Q1 FY25, we are delighted to report that Honasa has demonstrated remarkable resilience and growth this quarter, underscored by a strong operating performance and improved profitability. Mamaearth continues to win consumer love, driving offtakes and securing a position as the fourth largest face wash brand in modern trade according to Nielsen.”
“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,” he added.
Honasa Consumer owns a range of fast-moving consumer goods brands including Mamaearth, Ayuga, Aqualogica, Bblunt, and The Derma Co among others.
Copyright © 2024 FashionNetwork.com All rights reserved.
