Mamaearth Limited is a skincare and hair care brand. Its products cater to the needs of men, women, and children started with children. Mamaearth is the leading brand in India that provides toxins-free quality products. Mamaearth Q3 results 2024 are about to be released soon. The profits raised 93% YOY, with revenue increasing 21% in Q2. Let us explore more about Mamaearth Limited’s Q3 2024 results below. The company expects to release the results in 2024.
Mamaearth Q3 Results 2024 Earnings, Net Profit, Sales, Report
Mamaearth has been performing well for the past six months. The company has a share price of Rs. 422.65 with 25.38% growth. The company’s overall growth was impressive. But before the Mamaearth Q3 results 2024, here is the discussion about its recent Q2 2024 results. It was released in November 2023. Mamaearth has seen 93% YOY growth with a 21% jump in revenue.
The revenue growth shows Rs. 410 crores in Q1 to Rs. 496 crores in Q2. The quarter-by-quarter revenue of the company is also growing by 7% with controlled expenses. The net profits for the last quarter were almost doubled from last year. It recently launched its IPO and tripled its valuation. Everyone expected the IPO to be performing high. However, it falls in the first few days. It has grown around 25.38% since its launch. It had its lowest of all time in November 2023.
The expectations are that the Mamaearth Q3 results 2024 will be released by January last week. However, there is no final date given yet. The expectations are that the profits might double this quarter or the revenue jumps by 35% of the minimum. Everything else will be clear in the upcoming months. Mamaearth has its highest of all time at Rs. 486.15. The company is given the time of 45 days to release their results.
Honasa Consumer’s Mamaearth Q3 results 2024 will be released by January 2024 mid. It has a market cap of 13,683.89. While competitors like Adani Redington have a higher market cap. The profit growth with ROC is also competitive. The plus points of the company are its decreasing debts, interest coverage, operating cycle of 116 days, and a current ratio of 3.
There are some cons or negative points as well. The company has an ROE of 0%, with an EBITDA margin of zero. The company expects its Q3 2024 results by next month. We hope you get enough details about the same.