Shares of Mamaearth parent Honasa Consumer dropped almost 3.5% to INR 221.05 during the intraday trading on the BSE today (February 3).

With a drop in its share price, the company’s market capitalisation declined to INR 7,267 Cr with more than 1.8 Lakh shares traded hands by 10:56 AM.

The stock later recouped some losses and was trading -2.27% lower at INR 223.75 apiece at the time of writing.

On a year-to-date (YTD) basis, the stock has shown a downward trend as it fell over 10%.

In the past six months, Honasa Consumer’s share dropped over 50%.

The decline in the company’s share price today also coincided with a fall in benchmark indices.

On the financial front, Honasa postedin the quarter ended September 2024 (Q2 FY25). The company reported a net profit of INR 29.4 Cr in the year-ago quarter and INR 40.3 Cr in the preceding June quarter.

Its revenue from operations declined nearly 7% to INR 461.8 Cr during the quarter under review from INR 496.1 Cr in Q2 FY24.

Last month, Honasa approved the allotment of 45,663 stock options under employee stock option plan (ESOP).

Further, the company roped in Lokesh Chhaparwal as senior vice president – technology and engineering while its chief business officer (CBO) Zairus Master resigned from his role last month.

Founded in 2016 by the husband-wife duo Varun and Ghazal Alagh, Honasa’s product portfolio comprises six beauty and personal care brands which include Mamaearth, The Derma Co., Aqualogica, Ayuga, BBlunt and Dr. Sheth’s.

Shares of Honasa closed the last trading session at INR 228.95 on the BSE on Saturday (February 1).

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