Honasa Consumer share price plunges 20% to 52-week low amid weak Q2 results | Stock Market News
Source: Live Mint
Honasa Consumer share price slumped 20% to touch 52-week low on Monday’s trading session post Q2 results. Honasa Consumer, the parent company of FMCG brands like Mamaearth and The Derma Co, announced a consolidated loss of ₹18.57 crore for the second quarter ending September 30, 2024, due to inventory adjustments. In the corresponding quarter of the previous year, the company reported a profit after tax of ₹29.43 crore, as noted in a regulatory filing.
Additionally, Honasa Consumer share price has fallen beneath its IPO price of ₹324, following the company’s announcement of its first quarterly loss in five quarters. Honasa Consumer share price today opened at an intraday high of ₹319.95 apiece on the BSE, the stock touched an intraday low of ₹295.80 per share.
