Mamaearth-parent Honasa returns to profitability in Q3 FY25

After a slight dip in revenue in Q2 FY25, the company rebounded, recording Rs 517 crore in revenue for Q3 FY25. Moreover, it returned to profitability during the same period.

Mamearth’s revenue from operations increased by 5.9% YoY to Rs 517 crore in Q3 FY25 from Rs 488 crore in Q3 FY24, its consolidated financial statements accessed from the National Stock Exchange (NSE) show.

The sale of beauty, personal care, and related products across skin, hair, and baby care was the sole source of revenue for Honasa. It also added Rs 19.2 crore from non-operating activities which tallied its overall revenue to Rs 536.7 crore in Q3 FY25.

For the D2C brand, the cost of procurement of products accounted for 27.8% of the overall expenditure. This cost increased by 16.5% to Rs 141  crore in Q3 FY25 from Rs 121 crore in Q3 FY24.

Its employee benefits, marketing, legal, rent, and other overheads pushed the total expenditure up by 9.3% year-on-year to Rs 507 crore in Q3 FY25 from Rs 464 crore in Q3 FY24.

The company reported profits of Rs 26 crore in Q3FY25, remaining unchanged from Q3FY24. However, this represents a significant turnaround from Q2FY25, when it posted a loss of Rs 24.3 crore. It is also noteworthy that the company achieved record-high profits of Rs 40 crore in Q1FY25.

The company is currently trading at Rs 205.78 (at the end of the day) with a total marketing capitalization of Rs 6,684 crore or ($795 million). Honasa consumer also touched its 52-week low price today.