honasa consumer

honasa consumer, the parent company of Mamaearth and The Derma Co, reported a consolidated loss of Rs 18.57 crore in the second quarter, attributing it to inventory adjustments. Despite a 6.9% dip in revenue to Rs 461.82 crore, the company highlighted a 5.7% growth when adjusted for inventory changes.

Shares of honasa consumer, the company behind Mamaearth, dropped 4% after a block deal of 66.20 lakh shares at Rs 439 each, totaling Rs 291 crore.

Mamaearth's parent company, honasa consumer, is facing allegations of unsold inventory burdening distributors with losses. Honasa refutes the claims, stating a significantly lower inventory value. The company is undergoing a restructuring process, transitioning to a direct distributor model, which has impacted its financial performance. Despite the challenges, Honasa remains committed to its strategy.

honasa consumer (HCPL), parent company of direct-to-consumer personal care startup Mamaearth, has acquired the salon business and products division of BBlunt from Godrej Consumer Products (GCPL) for around Rs 135 crore.

honasa consumer Limited, parent company of MamaEarth, experiences another executive departure as Jayant Chauhan, Chief Product and Technology Officer, resigns citing personal reasons, effective November 30. This follows the recent exit of senior vice president Abhiishekk Raj Pandey in August. Chauhan’s resignation was addressed to CEO Varun Alagh and has been accepted.

honasa consumer, the owner of beauty brand Mamaearth, reported a near doubling of its profit to 294.4 million rupees ($3.54 million) for the quarter ending on September 30. This was attributed to increased sales volumes and improved profit margins, with core profit margins rising to 8.1% from 6.4% the previous year. Analysts at Jefferies praised Honasa's performance in the digital-first beauty sector and anticipate further revenue growth. The company's stock soared by 20% on Thursday, hitting the upper circuit.

honasa consumer Ltd, the owner of FMCG brands Mamaearth and The Derma Co, is planning to raise Rs 400 crore through its IPO. The company also plans to expand its salon business, BBlunt, and explore overseas expansion. honasa consumer's revenue for the financial year ending March 2022 was Rs 943.46 crore, with a profit of Rs 14.44 crore.

CEO of Mamaearth, Ghazal Alagh, shared a strategic meeting technique she learned from Amazon founder Jeff Bezos at her company, honasa consumer Ltd.

Ghazal Alagh, co-founder of honasa consumer, has accused Hindustan Unilever’s Lakmé of copying product names and packaging from Mamaearth and The Derma Co. Alagh highlighted similarities in sunscreens, face washes, and shampoos, claiming Lakmé imitated formulations and marketing strategies. Honasa also placed a billboard next to a Lakmé ad, challenging their sunscreen testing methods, escalating the dispute between the brands.

honasa consumer, the parent company of Mamaearth, The Derma Co, and the House of Brands, has raised $52 million in a round led by Sequoia. The round saw participation from Belgium-based Sofina Ventures, and Evolvence, a UAE-based India-focused fund.

Mamaearth IPO has garnered mixed opinions from analysts, primarily due to not-so-cheap valuations, despite pricing adjustments in the offering. The share price range falls between Rs 308-324, valuing the company at approximately Rs 10,500 crore at the upper end.

HUL and honasa consumer, currently engaged in a legal dispute over beauty product advertisements, have agreed to temporarily remove their respective ads and posts. This interim arrangement was reached in the Bombay High Court, referencing statements made before the Delhi High Court. HUL had filed a trademark infringement suit, while Honasa has also initiated action against HUL, alleging advertisement infringement.

With the brand endorsed by popular Bollywood celebrities, the duo has cashed in on India's growing e-commerce adoption by offering its products on platforms such as Amazon and Walmart's Flipkart.

Forty three local startups joined the elite unicorn club last year amid a funding frenzy.

Ghazal Alagh's journey from earning ₹1,200 a day to co-founding a unicorn startup is an inspiring tale of hard work and unwavering belief. Overcoming initial struggles and a failed venture, she and her husband created Mamaearth, driven by the need for toxin-free baby products. Her success underscores the importance of perseverance and a positive mindset in achieving entrepreneurial goals.

Mamaearth's parent company, honasa consumer, has raised ₹765.2 crore from 49 anchor investors ahead of its IPO launch on October 31. The company has also allocated shares worth ₹253.6 crore to domestic mutual funds. Mamaearth's IPO consists of a fresh issue of shares worth ₹365 crore and an offer for sale of up to 4.12 crore shares. Promoters, founders, and investors will be offering shares in the OFS. The IPO is expected to fetch about ₹1,701 crore at the upper end of the price band. The offer will close on November 2.

Varun Alagh, CEO of honasa consumer Ltd, joins the Shark Tank India panel for its upcoming season. Bringing his expertise in building successful consumer brands like Mamaearth, Alagh aims to empower new-age founders. He is excited to back innovative ideas that can transform categories and uplift communities in India's dynamic entrepreneurship landscape.