Honasa Consumer, the parent company of Mamaearth, shares dropped more than 16% following disappointing Q2 FY25 results.
The company reported a net loss of ₹19 crore, a slight improvement from the ₹29 crore loss in Q2 FY24. However, revenue fell by 6.9% to ₹462 crore, down from ₹496 crore in the same period last year.
The firm also reported an EBITDA loss of ₹31 crore, compared to ₹40 crore in the previous year.
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