Honasa hits fresh high 3 days in row post Q2; Jefferies adds stock to India portfolio
The Mamaearth stock hits an intra-day high of ₹487, its all-time high so far and up 13.2% against the previous session close
mamaearth q2 profit
November 2023
Mamaearth shares hit 20% upper circuit as Q2 profit nearly doubles
Shares of Mamaearth parent, Honasa Consumer, have risen 30% against its IPO price of ₹324
Mamaearth Q2 profit at ₹29.4 cr; revenue up 21% on volume growth
Mamaearth CEO Varun Alagh says Honasa’s business grew 33% YoY in H1 FY24, which is 3.8 times median growth of FCMG firms
