Mamaearth-parent Honasa clocks lower revenue, loss in Q2

Quick Summary:

Mamaearth's parent company, Honasa Consumer, reported a decline in its bottom line, shifting from a profit in the previous year to a loss, as its total expenses rose by 10%.

"Over the past few months, we've been implementing Project Neev to optimise our distribution model.

In this quarter, we have taken strategic steps towards transitioning from super-stockists to direct distributors in the top 50 cities.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Consumer Growth Company Crore Revenue Parent Honasa Quarter Privacy Policy Fy25

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 11:09:49 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 311 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23584367

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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