Honasa Consumer, which operates the Mamaearth brand, on Wednesday reported a 93% growth in its net profit to Rs 29.4 crore for the quarter ended September 2023. The same stood at 15.2 crore in the last year period.
Revenue from operations in the second quarter increased 21% to Rs 496 crore against Rs 410 crore in the same quarter of last year. The strong revenue and profit show was driven by volume growth of 27% year-on-year (YoY).
In the same period, Mamaearth achieved an EBITDA of Rs 40 crore, up 53% YoY.
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