Stocks of Honasa Consumer, the parent firm of Mamaearth, surged by 10 per cent, hitting the upper circuit after reaching a record high of Rs 490.20 in the Monday trading session. This movement followed the exchange of 32.60 lakh shares, accounting for 1 per cent of the firm, during a block deal. The block deal […]
Omnichannel beauty retailer Sugar Cosmetics recorded a noteworthy 89% year-on-year surge in operational revenue for FY23, reaching Rs 420 crore, while maintaining a steady net loss of Rs 76 crore. The Mumbai-based company witnessed a substantial 68% increase in total expenses to Rs 505 crore, mainly attributed to heightened expenditure on stock-in-trade acquisitions due to […]
BlissClub, a Bengaluru-based direct-to-consumer (D2C) activewear brand focused on women, witnessed a significant surge in its operating revenue, reaching Rs 68 crore for the financial year ending 31 March 2023. However, the company also experienced increased losses, amounting to Rs 36 crore, marking a fourfold rise compared to the same period in the previous year, […]
Fireside Ventures, a capital fund and the initial investor in Mamaearth during the seed round, executed a block deal on Tuesday, 5 December, selling 61 lakh shares of Honasa Consumer, the parent company of Mamaearth, which recently debuted on the stock exchange. As a result of this deal, the stock prices fell to Rs 367.15, […]
Honasa Consumer Care, the parent company of popular personal care brand Mamaearth, has issued a statement refuting recent reports of a block deal involving Employee Stock Ownership Plans (ESOPs). The denial comes in response to a media report on 27 November, which had suggested that employees of Honasa were poised to sell shares worth Rs […]
Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
The shares of Honasa Consumer, which owns the beauty and personal care brand Mamaearth, saw a muted debut on the Indian stock exchanges with just over a 2 per cent premium on Tuesday. Honasa Consumer has listed at Rs 333 per share, against the IPO issue price of Rs 324. At the time of filing […]
Shares of Honasa Consumer, which owns the brand Mamaearth, were fully subscribed on Day 3 of its initial public offering. Data showed the company’s public issue has so far been subscribed over 7 times, with retail investors at 1.13 times, non-institutional buyers 3.94 times, and qualified institutions at 11.50 times. The public issue of the […]
Honasa Consumer, the parent of skincare brand Mamaearth, has posted a loss of Rs 151 crore in the fiscal year 2023 (FY23), against a profit of Rs 14.4 crore last year. The Delhi-based company, Mamaearth, experienced a significant increase in operating revenue in FY23, reaching Rs 1,493 crore compared to Rs 943 crore in the […]
Honasa Consumer, the parent company of brands such as Mamaearth, The Derma Co, and BBlunt, aims to issue one of the most anticipated IPOs in the Indian consumer category on 31 October, according to several industry sources. The fast-growing D2C (direct-to-consumer) firm, which operates in the beauty, babycare, and skincare areas, was the first unicorn […]
