Honasa Consumer Limited, the parent company of Mamaearth, saw its shares fall by over 20% after reporting disappointing Q2 FY25 financial results. This poor performance led the stock price to dip below its IPO price range of ₹324, following its listing on November 7, 2023.
Despite a reduced net loss of ₹19 crore (improved from ₹29 crore in Q2 FY24), the company experienced a 6.9% revenue decline, totaling ₹462 crore compared to ₹496 crore last year. EBITDA losses also improved slightly, standing at ₹31 crore, down from ₹40 crore in Q2 FY24.
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