₹3,500 cr wiped off Mamaearth's m-cap as shares dip 30% in 2 days

The market capitalisation of Mamaearth-parent Honasa Consumer plunged by roughly ₹3,500 crore after its shares dipped around 30% in two days. The m-cap currently stands at ₹8,567 crore. This comes after the company posted its first quarterly loss since listing in November last year. Honasa reported a loss of ₹19 crore and a 7% revenue dip in the September quarter.