Shares of Honasa Consumer, the parent company of the popular Mamaearth brand, began Friday’s session on a strong note as the personal care company reported a profit in the March quarter.
As of 10:24 AM, the shares were trading 2.89% higher at ₹430.45 on the NSE.
In early morning deals, after logging 7% gains over the previous close, shares of the company traded higher by over 4% or Rs 18.4 at Rs 436.5 per share on the BSE.
In the final quarter of fiscal year 2024, the company reported its highest-ever quarterly PAT of Rs 30 crore, compared to a loss of Rs 160 crore in the same period last year. Last year’s figures included an exceptional loss of Rs 155 crore. Consolidated revenue for Q4FY24 was Rs 471 crore, up 21.5% year-on-year. Sales grew by 21.5% year-on-year, while consolidated EBITDA improved by 780 basis points to Rs 33 crore.
