Honasa Consumer shines as its skincare brand achieves annual revenue rate of Rs 500 crore
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Honasa Consumer is currently trading at Rs. 402.35, up by 16.60 points or 4.30% from its previous closing of Rs. 385.75 on the BSE.
The scrip opened at Rs. 398.05 and has touched a high and low of Rs. 403.00 and Rs. 394.00 respectively. So far 4184 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 510.75 on 23-Jan-2024 and a 52 week low of Rs. 256.10 on 10-Nov-2023.
Last one week high and low of the scrip stood at Rs. 403.00 and Rs. 375.00 respectively. The current market cap of the company is Rs. 12507.72 crore.
The promoters holding in the company stood at 35.07%, while Institutions and Non-Institutions held 28.12% and 36.81% respectively.
The Derma Co., an active ingredient backed skincare brand from Honasa Consumer, has achieved an annual revenue rate of Rs 500 crore. This achievement underscores the company’s capabilities to craft and scale new brands with strategic innovations, delivering exceptional skincare solutions to consumers across India.
Honasa Consumer, after Mamaearth has yet again, demonstrated the strength of its on-trend, data-based innovation strategy, taking The Derma Co. to achieve this milestone. The focus on leveraging data for product innovation and responding swiftly to emerging trends continues to be a cornerstone of the strategy. Creating brands with expert product portfolio, with differentiated propositions across categories like face serums, hydrating sunscreens, sunscreen stick, acne patches, and customizing them for Indian skin and weather, and has sold over 1 crore units in the last fiscal and has been a lever for achievement of this milestone.
Honasa Consumer, doing business as Mamaearth, provides e-commerce services. The company offers baby, skin, body, and hair care products, as well as mosquito protection roll on and creams.
