Oct 31, 2023
π IPO Alert! Mamaearth's parent company, Honasa Consumer, is going public! π The IPO subscription opens today with a price band of βΉ308 to βΉ324 per share. Read More π https://bit.ly/46SRA3F
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π IPO Alert! Mamaearth's parent company, Honasa Consumer, is going public! π The IPO subscription opens today with a price band of βΉ308 to βΉ324 per share. Read More π https://bit.ly/46SRA3F
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Honasa- Houses of Brands
Honasa Consumer Pvt. Ltd., a business that retails Mamaearth and The Derma Co products, saw profitability in fiscal year 2022 with revenue near the Rs 1 billion mark.
According to data compiled by business intelligence platform Tofler, the company reported a net loss of Rs 19.8 crore in fiscal year 2015. This represents a decline of 19.5% from the figure recorded during the same period last year.
company revenues increased by more than double in FY22, reaching Rs 943 crore. This revenue was generated from the sale of products as well as services. In addition to this, earnings were made through product sales alone at a value of Rs 932 crore.