Honasa Consumer News

Despite gains for RVNL, CAMS, and REC, the bearish market saw Sensex and Nifty crashing. RVNL gained 8%, CAMS 4%, and REC over 3%. Mahindra & Mahindra fell 7%, signaling weak auto demand. Media, PSU banks, real estate, and oil and gas sectors suffered. Sensex and Nifty's crash impacted smallcaps significantly.

Intimation under Regulation 30 of SEBI LODR

Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018

Reply to the clarification sough from Company on significant increase in volume of Company''s securities.

The Exchange has sought clarification from Honasa Consumer Ltd on July 05, 2024, with reference to Movement in Volume.

The reply is awaited.

Through influencer marketing and product differentiation, skincare brands like Mamaearth and The DermaCo cater to a wide Indian audience. The industry's focus on active ingredients and transparency aligns with global skincare trends. Dermatologists and influencers continue to shape consumer preferences, emphasizing the importance of holistic skincare routines.

These youngsters are far more conscious of what goes on to their skin, compared to millennials and Gen X. They no longer chase basic whitening or moisturising creams. Influenced by social media, the young India have educated themselves on how each active ingredient works on their skin, even at the granular level of being aware of the exact percentage of ingredients used in products.

Intimation of closure of trading window

ICICI Securities prefers companies with strong execution due to shallow margin of safety in valuation multiples. Most shares trading at or above historical PE ratios.

Honasa Consumer, owner of Mamaearth, has reduced influencer posts after being named the biggest violator of advertising content for FY24. Other D2C players like HealthKart, FirstCry, and Lenskart were also noted as violators. ASCI's report highlighted misleading claims and promotion of harmful products as common violations.

Press Release

Mamaearth Share Price: Shares of Honasa Consumer, owner of Mamaearth, dropped 4% post a block deal where 66.20 lakh shares exchanged at Rs 439 each, totaling Rs 291 crore. The deal, equivalent to a 2% stake, likely saw Fireside Ventures and Sofina Ventures as sellers, both holding significant stakes in Honasa Consumer.

Press Release titled "Mamaearth and Swiggy Instamart Unite to #GoGreen This World Environment Day".

Postal Ballot Voting Results and Scrutinizer''s Report

Postal Ballot Voting Results and Scrutinizer''s Report

Earnings call Transcript

Annual Secretarial Compliance Report for the Year ended on March 31, 2024.

CosmoGenesis boasts of extensive expertise in various facets of cosmetics, coupled with rich experience in natural & organic formulations, it said. Commenting over the development, Honasa Consumer CIO and Co-Founder Ghazal Alagh said this alliance with CosmoGenesis will exponentially increase Honasa's ability to research new trends with greater efficiencies and help craft best-in-class products.

Press release titled " Honasa strengthens R&D Capabilities with strategic acquisition of Cosmogenesis Labs."

Audio recordings of investors call.

IT stocks closed lower amid concerns over tighter-for-longer US monetary policy. Sensex settled at 75,410.39 while broader NSE Nifty ended at 22,957. HDFC Bank, Bharti Airtel, L&T, Axis Bank, NTPC, and UltraTech Cement saw gains, while Tech Mahindra, Asian Paints, TCS, M&M, and Titan closed with losses.

Copy of newspaper cutting of financials for the quarter and financial year ended March 31, 2024

Honasa Consumer, the parent company of Mamaearth, saw its shares surge by 7% during Friday's trading session on the BSE, reaching a peak of Rs 447.70. This increase followed the announcement of a net profit of Rs 30.4 crore for the quarter ending March 2024, a significant improvement compared to the Rs 161.7 crore loss reported in the same quarter last year.

Honasa Consumer, which owns and operates Mamaearth, on Thursday reported a net profit of Rs 30.4 crore for the fourth quarter ended March 2024.

Updated Scheme of Arrangement.

Re-appointment of Statutory Auditors for a second term of 5 years.

Intimation under regulation 30 on acquisition.

Disclosure of re-appointment of directors under regulation 30.

Statement of deviation under Regulation 32(1) of LODR.

Honasa Consumer Q4 Results: Revenue from operations in the fourth quarter increased 21% year-on-year (YoY) to Rs 471 crore against Rs 388 crore in the corresponding quarter of the previous fiscal. The company clocked its highest-ever profit during the March quarter, which led to a 780-bps improvement in EBITDA margins YoY.

Presentation for the financial year and quarter ended on March 31, 2024.

Press release for the financial results for the quarter and year ended on March 31, 2024.

Outcome of Board Meeting held on May 23, 2024

Financial Results for the quarter and year ended on March 31, 2024

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet

Press Release

Intimation under Regulation 30 of LODR.

Intimation of Schedule Q4 FY 2024 Conference Call

Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Monitoring Agency Report for the Quarter ended March 31, 2024