Mamaearth parent loses $415 mn in value as Q2 loss fans demand worries

Quick Summary:

The sharp selloff was triggered after Honasa posted its first quarterly loss since listing in Nov.

The brokerage also cited consumers' shift to more active ingredient-based products from naturals-based products earlier.

A challenging demand scenario and weaker-than-expected performance has hurt the company, analysts at JM Financial said.

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Category: BusinessFinance

Markets: India

Topics: Honasa consumer Honasa losses Mamaearth Q2 result Market valuation Q2 losses

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Published On: 2024-11-19 @ 13:24:25 (5 hours ago)

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News Source URL: business-standard.com

Language: English

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