Columns

Cons dab zooms 63% YoY to Rs 40 crore, revenue dives 19%, ET Retail

.Rep ImageMamaearth moms and dad Honasa Customer on Friday stated a 63% year-on-year pitch in its combined internet profit for the one-fourth ended June 30, 2024, to Rs 40 crore versus Rs 24 crore mentioned in the equivalent fourth of the final financial year. The income coming from operations for the April-June quarter stood up at Rs 554 crore, much higher by 19% over Rs 464 crore uploaded in the year-ago period.Honasa registered product service growth of 20.3% with an actual volume growth (UVG) of 25.2%. The revenues just before passion, income taxes, deflation as well as amortisation (EBITDA) frame extended through 201 bps YoY to 8.3%, resulting in an EBITDA of Rs 46 crore.The operator of Mamaearth brand credited its solid performance to the enhancement in the gross profit frame and scale-led performances." The firm's success demonstrate a tenacious commitment to providing their job in the appeal and also individual treatment sector. By regularly providing market hammering development and going beyond rivals, the provider declares its dedication to technology as well as important market growth as key vehicle drivers of its own on-going effectiveness," a business statement pointed out.
Released On Aug 9, 2024 at 04:16 PM IST.




Join the area of 2M+ market professionals.Subscribe to our e-newsletter to obtain latest understandings &amp analysis.


Download ETRetail App.Obtain Realtime updates.Conserve your much-loved write-ups.


Scan to download and install Application.