Honasa Consumer Limited, the parent company of the D2C brand MamaEarth, announced its financial results for the first quarter of the fiscal year 2025 (Q1 FY25) on Friday. The company experienced a 17.6% increase in revenue quarter-on-quarter (QoQ), along with a 33.3% rise in profit during the quarter ending June 2024.
According to its unaudited consolidated quarterly report filed with the National Stock Exchange, MamaEarth’s revenue from operations grew to Rs 554 crore in Q1 FY25, up from Rs 471 crore in Q4 FY24.
The sole revenue source for Honasa Consumer was the sale of personal and beauty care products. The company also generated Rs 19 crore from financial activities, bringing its total income to Rs 573 crore for Q1 FY25.
For the fiscal year ending March 2024, the company reported a revenue of Rs 1,920 crore, reflecting a 28.7% year-on-year growth, with a net profit of Rs 147 crore.
In Q1 FY25, the cost of material procurement for the D2C brand accounted for 30% of total expenses, rising by 11.3% to Rs 157 crore. Employee benefits, advertising, freight, legal, and other overhead costs pushed the overall expenditure to Rs 520 crore during the same quarter.
Ultimately, the profits of the Peak XV-backed company grew by 33.3% to Rs 40 crore in Q1 FY25, up from Rs 30 crore in Q4 FY24. This marks the most profitable quarter for MamaEarth since its public listing. Notably, the company achieved a significant gross margin of 71% during this period.
