Mamaearth parent Honasa loses its unicorn status as shares plunge

Quick Summary:

The company's recent transition towards a direct distribution model along with a muted demand for its flagship brand has heightened investor fear.

Its latest quarter witnessed a de-growth of 7% to Rs 461.82 crore.

It has been clocking slower revenue growth across quarters.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Crore Shares Company Privacy Distributors Information November Honasa Policy Quarter Inventory

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 12:25:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 272 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 23736819

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 26 posts per day

Year Established: 2008

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News Last Updated: 9 hours ago

Coverage Areas: India

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