Honasa Consumer shares jumped more than 2% after Mamaearth became the 3rd largest skincare brand in India, according to the latest report by Euromonitor International.
The success is a key milestone in the brand’s quick growth into the highly competitive beauty and personal care industry. Furthermore, The Derma Co., another Honasa Consumer brand, has entered the top 20 skincare brands in India, confirming Honasa’s position as a market leader.
As of 1:01 pm, Honasa Consumer shares were trading 2.75% higher at Rs 421.50 on the NSE.
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