Mamaearth’s parents make profits for the first time as revenue quadrupled

Honsa Consumer reported a net profit of Net loss of Rs 24.6 crore for FY 2011 5.9 crore in 2019-20 (FY20), shows the company’s filings with the Ministry of Corporate Affairs (MCA). During this period, the company’s revenue from operations increased by approx. 461 crore against 109.7 crore a year ago, which helped the company’s profits, even though the company’s total expenses increased nearly four times. 430 crores. The numbers reported by Honsa Consumer were on a standalone basis.

The company’s exports, though on a low basis, witnessed exponential growth in FY2011. The company exported Against 8.2 crore in FY 2011 86 lakh in FY20. The share of exports in the company’s total operating revenue increased to 1.8%, from 0.9% a year ago.

Honsa Consumer has become one of the few unicorns like Nykaa and OffBusiness to become profitable in India. While Honsa Consumer didn’t even manage to turn a profit on EBITDA (earnings before interest tax depreciation and amortization) till FY20, its fiscal growth for FY2011 shows that the D2C products since the start of the pandemic demand has increased. 2020.

Another D2C brand Bombay Shaving Company is eyeing profitability by the next financial year, the company’s founder and CEO said. vCircle Last week.

Honsa Consumer had become a unicorn (a private company with a valuation of over $1 billion) after raising $52 million from a Sequoia Capital affiliate, making it the 44th unicorn since January last year. The company had said that it would use this fund for inorganic growth and for launching new brands and expanding its portfolio.

The company, which currently has a portfolio of 140 products under Mamaearth and 40 products under Derma Company, is poised to become a ‘House of Brands’, a strategy that is gaining popularity as many new age brand products Companies are being acquired to expand. Offering.

Recently, Honsa Consumer acquired content platform Momspresso and Momspresso’s influential engagement platform MyMoney to bet on the content-to-commerce community.