Honasa Consumer shares plunge 18 percent on disappointing quarterly results

Honasa Consumer experienced a significant drop in its shares on November 19, with a decrease of over 18%. This decline was a result of disappointing Q2FY25 earnings, which revealed a net loss of Rs 19 crore compared to a profit of Rs 29 crore in the same quarter last year.

Additionally, the company"s revenue fell by 7% year-on-year to Rs 462 crore, while total expenses rose by 9% to Rs 506 crore. As a result, the stock reached a 52-week low of Rs 242.4, well below its IPO price of Rs 324.

Honasa Consumer"s stock has underperformed the Nifty 50 index, losing nearly 40% year-to-date, while the index has gained 9% during the same period. The company"s market capitalization has now fallen below $1 billion, causing concerns among investors as the stock continues to struggle in the market.

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