Honasa Consumer Q2 Results 2024:Honasa Consumer declared their Q2 results on 14 Nov, 2024, revealing a challenging quarter for the company. The topline revenue decreased by 6.91% year-over-year, and the company reported a loss of ₹18.57 crore, compared to a profit of ₹29.44 crore in the same period of the previous fiscal year.
The company’s financial performance further weakened when compared to the previous quarter, with revenue declining by 16.65%. Additionally, the selling, general, and administrative expenses rose by 4.11% quarter-over-quarter and increased by a staggering 38.65% year-over-year.
The operating income saw a drastic decline, down by 212.42% quarter-over-quarter and down 221.67% year-over-year. This trend has contributed to the company’s earnings per share (EPS) dropping to ₹-0.57 for Q2, reflecting a 162.3% decrease year-over-year.
In the market, Honasa Consumer’s stock has faced significant pressure, delivering a -1.95% return over the past week, -9.59% over the last six months, and a -15.71% year-to-date return. Currently, the company has a market capitalization of ₹12,068.84 crore, with a 52-week high of ₹547 and a low of ₹310.7.
Analysts remain divided in their outlook on Honasa Consumer. Out of 12 analysts covering the company, 1 has given a Sell rating, 1 has a Hold rating, while 4 have rated it as a Buy and 6 have given a Strong Buy recommendation. As of 15 Nov, 2024, the consensus recommendation for investors is to Strong Buy.
Honasa Consumer Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 461.82 | 554.06 | -16.65% | 496.11 | -6.91% |
| Selling/ General/ Admin Expenses Total | 51.45 | 49.42 | +4.11% | 37.11 | +38.65% |
| Depreciation/ Amortization | 10.56 | 9.42 | +12.17% | 6.29 | +67.87% |
| Total Operating Expense | 503.08 | 517.36 | -2.76% | 462.19 | +8.85% |
| Operating Income | -41.26 | 36.7 | -212.42% | 33.91 | -221.67% |
| Net Income Before Taxes | -24.37 | 52.4 | -146.52% | 39.2 | -162.17% |
| Net Income | -18.57 | 40.26 | -146.14% | 29.44 | -163.1% |
| Diluted Normalized EPS | -0.57 | 1.24 | -145.97% | 0.91 | -162.3% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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