Mamaearth has announced Q2 results recently. The company was in the headlines after announcing an IPO. Mamaearth shares fell after a few days all of a sudden. The company’s current results have shown around 93% growth on a YoY basis. The company made a net profit of Rs. 29.4 crores in the year with the previous year’s profit of Rs. 15.2 crores. We will share details about Mamaearth Q2 results below. The company has different types of products in skincare and hair care.
Mamaearth Q2 Results 2024 Fiscal Period Earnings, Net Profit, Sales, and YoY Revenue
Mamaearth is a skincare and hair care company that deals in all men, women, and kids products. Its parent company is Honasa Consumer. Mamaearth has announced a profit of 93% YoY with a net profit of 29.4 Crores. The company made a revenue of Rs. 496 Crores in Q2. The Q1 profit was Rs. 410 Crores.
The earnings before interests, taxes, depreciation, and Amortization are Rs. 40 cores with 53% of YoY. Mamaearth acquired brands like BBlunt and Dr. Sheths. It has been proven to generate better results followed by the acquisition. Mamaearth started online at the time of lockdown. They target customers through D2C. As their reach is increasing, Mamaearth is preferring to take the company offline as well.
The current price of Mamaearth is Rs. 349 per share. It is currently negative 17.80 points. They are 4.85% down. The best thing is that the company has doubled its profit. The BSE price is Rs. 324 and the NSE price is Rs. 330. Mamaearth’s company has a subscription status of QIB 11.50x, NII 4.02x, RII 1.35x, and Employees 4.87x containing a total of 7.61x.
The company has 33% YoY in FY24, Will It Impact the Share Price?
The predicted value of the shares is said to be Rs370 to Rs. 380. The best thing is that the company has doubled its profit. It will have a positive impact on the share price as well. It is often seen that the company’s profit and numbers play an important role in the growth. There are a lot of positive things observed. The revenue has also grown up to 21%.
Mamaearth has shown its potential and trustability through its products. The investers are thinkon back about Mamaearth. The sudden fall in the stocks a week ago led to disbelief in the company’s growth. It looks like they have made a bounce back again. Stay tuned for more information.