Honasa Consumer Q3 Results: Mamaearth Parent's Net Profit Remains Flat, But Beats Estimate
Honasa Consumer Ltd. on Wednesday reported a consolidated net profit of Rs 26 crore for the quarter ended Dec. 31, 2024.
While the bottom line for the Mamaearth operator remained flat compared to the year-ago period, it managed to beat the consensus estimate of Rs 17 crore of analysts tracked by Bloomberg.
The company's consolidated revenue rose 6% year-on-year to Rs 517.51 crore for the quarter under review. This is largely in line with Bloomberg's consensus estimate of Rs 515 crore.
In the year-ago quarter, Honasa Consumer had posted a revenue of Rs 488.21 crore.
The company's earnings before interest, taxes, depreciation, and amortisation declined by 24% to Rs 26.13 crore in the October-December quarter for fiscal 2025, as against Rs 34.45 crore that it had reported in the year-ago period.
The company's margins stood at 5% versus 7.1%. This is higher than the estimated 3.7%.
In January, the company had reported that its chief business officer Zairus Master had resigned from his post citing "personal reasons". According to the company's filing at that time, he was to step down from his role on Feb. 28, 2025.
Shares of Honasa Consumer closed 2.64% higher at Rs 206.2 apiece on the BSE, compared to a 0.16% decline in the benchmark Sensex.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
