Honasa Consumer, the parent company of skincare brand Mamaearth, saw its revenue rise 21 percent to Rs 471 crore in the March quarter (Q4), compared to the year-ago period, amid weak demand in the retail sector.
It logged a net profit of Rs 30 crore in Q4, compared to a loss of Rs 162 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 of Rs 30 crore. By consistently outpacing market growth, the company reaffirms their dedication to innovation and strategic market expansion, thereby strengthening their presence in the beauty and personal care industry," the company said.
Mamaearth shares fell 2 percent to close at Rs 418 apiece on Thursday.
Honasa has acquired the formulations expertise, research & development lab and a small manufacturing facility of a Thane-based company called Cosmogenesis Cosmetics for Rs 4 crore, according to regulatory filings.
Varun Alagh, Chairman and CEO, Honasa Consumer, said, “As we reflect on quarter and year, we are extremely happy to share that despite industry headwinds, Honasa has demonstrated remarkable resilience and growth for the quarter and fiscal, with a robust LFL growth of 23.3% for the quarter and 31.6% annually."
"We have stayed committed to delivering growth, improving profitability, and increasing our distribution network. Mamaearth's unwavering popularity among consumers has been a key driver of our continued success, while The Derma Co's is catching up and has recently achieved an ARR of Rs 500 crore plus," he added.
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