Honasa Consumer Stock: There was a sharp decline in the shares of this company, it went down by 20 percent in one stroke, see the latest update…

Honasa Consumer Stock: The shares of Mamaearth's parent company Honasa Consumer Limited have fallen by 20 percent today i.e. Monday (November 18). The company's shares have come down to Rs 297.25 with a lower circuit of 20 percent. This decline in shares has been seen due to the poor quarterly results of the company.

On the last trading day i.e. Thursday, the company's shares had closed at Rs 378. The stock has fallen 22.76 percent in the last 5 days and 29 percent in a month.

At the same time, the company's shares have fallen by 30 percent in 6 months and by 15.00 percent in a year. Honasa shares have fallen 30.36 percent this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 9.66 thousand crore.

Honasa Consumer Stock: The company suffered a loss of Rs 19 crore in the second quarter.

Mamaearth's parent company Honasa Consumer Limited has suffered a loss of Rs 19 crore in the second quarter of the financial year 2024-25. The company has gone from profit to loss compared to the same quarter a year ago.

In Q2FY24 (second quarter of financial year 2023-24), the company had made a profit of Rs 29 crore. Talking about the consolidated revenue from operations of the company, it stood at Rs 462 crore in the July-September quarter.

There has been a decline of 7.05% on annual basis. The company had earned revenue of Rs 496 crore in the same quarter a year ago. The amount received from selling goods and services is called revenue.