Honasa Consumer posts Rs 18.5 crore loss in Q2FY25
The company reported a 6.9% decrease in revenue from operations, dropping to Rs 462 crore in Q2 of FY2025
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Published: Nov 15, 2024 2:29 PM | 1 min read
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Honasa Consumer, parent company to brands such as Mamaearth and The Derma Co. has reported Rs 18.57 crore in loss in the quarter ended September 2024. Profits were reportedly affected by inventory adjustments.
According to the company’s unaudited consolidated financial results for the quarter, the company reported a 6.9% decrease in revenue from operations, dropping to Rs 462 crore in Q2 of FY2025.
The revenue adjusted for inventory correction was Rs 525 crore with the growth rate of 5.7% on year-on-year basis.
The company stated that the EDITDA margin for Q2FY25 was (6.6 per cent), with EBITDA Margin adjusted for inventory correction at 4.1%. Revenue growth, adjusted for inventory correction, in H1FY25 stood at 12.3%.
The company’s total expenses went from Rs 464 crore in the previous quarter to Rs 506 crore.
The company's total income also went down from Rs 503.18 crore in Q2FY24 to Rs 481.84 crore in Q2FY25.
Following the weak results, the company may make tweaks to the product mix and be sharper on investment allocations.
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