Honasa Consumer Q3: Shares of Mamaearth’s parent company gained momentum, are trading with a rise of 20 percent

Honasa Consumer Share Price Yesterday, Honasa Consumer, a subsidiary of Mamaearth, announced its financial performance. After this announcement, the company’s shares are trading rapidly today. The shares of the company were listed in the market on 7 November 2023. Today the stock market is open on the green mark. Let us know in detail in this report.

Honasa Consumer has given information about its financial performance after the market closed on Wednesday. The company said in its report that their consolidated profit has increased by two times in the September quarter. After this announcement, the company’s shares opened with a gain of 20 percent in Thursday’s trading session.

The company’s shares rose 19.99 percent to the upper circuit limit on BSE. The company’s shares are also trading fastest on the NSE. At the time of writing the news, the company’s shares were trading at Rs 423.75 crore, up 70.60 points or 19.99 percent. Honasa Consumer is a subsidiary of Mamaearth.

The company’s profit after tax from July to September has been Rs 29.43 crore. The company’s profit after tax in the same period a year ago was Rs 15.19 crore, the company said in a regulatory filing. This month, on 7 November 2023, the company’s shares were listed on the stock exchange.

In the second quarter, the company’s revenue increased by 20.85 percent to Rs 496.10 crore. In the same period of the last financial year, the company’s revenue was Rs 410.49 crore.

The company’s expenses in the September quarter stood at Rs 463.98 crore. This has increased by 18.25 percent from last month’s expenditure.