Honasa Consumer Q4 Results | Mamaearth owner back in black with record quarterly profit

Honasa Consumer Ltd, which owns FMCG brands including Mamaearth and The Derma Co, on Thursday (May 23) reported a net profit ₹30.5 crore for the fourth quarter that ended March 31, 2024.In the corresponding quarter of the last fiscal, Honasa Consumer posted a net loss of ₹161.7 crore, the company said in a regulatory filing. The company's revenue from operations increased 21.4% to ₹471.1 crore against ₹387.9 crore in the year-ago period.

With a 780-bps improvement in EBITDA margins year-on-year, Honasa Consumer clocked its highest ever quarterly profit after tax (PAT) of ₹30 crore," Honasa Consumer said in its earnings statement. Its total expenses stood at ₹450.88 crore, up 12.66% in the March quarter of FY24.