For the full fiscal year of FY24, the startup’s profits stood at INR 110.52 Cr as against a loss of INR 150.96 Cr it incurred in the previous fiscal
The company posted a net profit of INR 30.47 Cr Cr in Q4 FY24, a 17% sequential increase from previous quarter’s INR 28.91 Cr
Its operating revenue zoomed operating revenue for the fiscal also increased 26% to INR 1,764.3 Cr from INR 1,394.8
Honasa Consumer Ltd, the parent entity of D2C brand Mamaearth, has posted a consolidated net profit of INR 30.47 Cr in the fourth quarter of the fiscal year 2023-24 (FY24), the company disclosed today.
More importantly, for the full fiscal year of FY24, the startup’s profits stood at INR 110.52 Cr as against a loss of INR 150.96 Cr it incurred in the previous fiscal.
As for Q4, the net profit saw a 17% quarter-on-quarter (QoQ) increase from previous quarter’s INR 25.9 Cr. From a year-on-year lens, the company has been able to turn around from an INR 161.7 Cr loss it made in Q4 FY23.
Its operating revenue zoomed 21% QoQ to INR 471.09 Cr in Q4 FY24 from INR 387.8 Cr in the year-ago quarter. But this marked a 3% sequential decline from Q3 FY24’s operational revenue of INR 488.2 Cr.
The startup’s total expenditure in the quarter also rose 12% to INR 450.88 Cr from INR 400.1 Cr in Q4 FY23. Purchase cost was the biggest expenditure and stood at INR 149.56 Cr in Q4 FY24 against INR 118.18 Cr in the year-ago quarter.
Honasa’s operating revenue for the fiscal also increased 30% to INR 1,969.6 Cr from INR 1,515.2.
