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₹3,500 cr wiped off Mamaearth's m-cap as shares dip 30% in 2 days
short by Mansi Agarwal / on Tuesday, 19 November, 2024
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.
read more at Reuters