Mamaearth-parent's profit nearly doubles, revenue up 21% YoY in Q2

Mamaearth-parent Honasa Consumer's profit nearly doubled in July-September quarter from ₹15.19 crore in 2022 to ₹29.43 crore in 2023. Meanwhile, the startup's revenue also rose 21% YoY from ₹415.51 crore to ₹503.18 crore and it paid tax worth ₹9.76 crore in Q2. Honasa also reported an over 1,376% YoY rise in profit for the March-September 2023 period to ₹54.15 crore.