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Mamaearth hits all-time high profit during Q1 FY25

EntrackrEntrackr · 11m ago
Mamaearth hits all-time high profit during Q1 FY25
Medial

Honasa Consumer Limited, the parent firm of D2C brand MamaEarth, on Friday released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25). The company reported a 17.6% increase in revenue QoQ while its profit spiked 33.3% during the quarter ended June 2024. MamaEarth’s revenue from operations increased to Rs 554 crore in Q1 FY25 from Rs 471 crore in Q4 FY24, according to its unaudited consolidated quarterly report filed with the National Stock Exchange. The sale of personal and beauty care products was the sole source of revenue for Honasa Consumer. The firm also made Rs 19 crore from financial sources, tallying its overall income to Rs 573 crore in Q1 FY25. Notably, the firm posted Rs 1,920 crore of revenue, marking a 28.7% year-on-year growth during the fiscal year ending March 2024 with a net profit of Rs 147 crore. For the D2C brand, the cost of procurement of materials accounted for 30% of the total expenditure which saw an 11.3% increase to Rs 157 crore in Q1 FY25. Its employee benefits, advertising, freight, legal, and other overheads took the overall cost to Rs 520 crore in Q1 FY25. At the end, profits of the Peak XV-backed firm grew 33.3% to Rs 40 crore in Q1 FY25 from Rs 30 crore in Q4 FY24. This is the highest profitable quarter for MamaEarth since its public debut. Importantly, the firm registered a massive 71% gross margin in the same period. Honasa Consumer was trading at Rs 473 (as of August 9) with a total market capitalization of Rs 15,336 crore (around $1.84 billion).

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EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25

EntrackrEntrackr · 11m ago
EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25
Medial

Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Tuesday for the quarter ending June 2024. The results show a marginal decline in scale and profit during Q1 FY25. EaseMyTrip’s operating revenue declined by 6.97% to Rs 152.6 crore in Q1 FY25 from Rs 164 crore in Q4 FY 24, as per its unaudited consolidated financial statements filed with the National Stock Exchange. Revenue from air ticketing accounted for 70% of the revenue whereas hotel packages formed 18.05% of the total collection. On a sequential basis, its revenue from operations increased by 23% as compared to Q1 FY24. To the tune of scale, its total expense decreased by 7.19% to Rs 109 crore in Q1 FY25 from Rs 117.48 crore in Q4 FY24. Service cost, payment gateway, employee benefit and advertisement costs were other major overheads for EaseMyTrip during the last quarter. The fall in collection also impacted EaseMyTrip’s profit which reduced 13.29% to Rs 33.92 crore in Q1 FY25 from Rs 39.12 crore in Q4 FY 25. The Delhi-based company spent Rs 0.71 to earn a rupee in Q1FY25. EaseMyTrip is currently trading at Rs 36.7 (as of 16.30 PM) with a total market capitalization of Rs 7,033 crore (approximately $847 million).

PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit

EntrackrEntrackr · 11m ago
PB Fintech reports 7.5% dip in Q1 FY25 revenue; maintains profit
Medial

Policybazaar and Paisabazaar’s parent, PB Fintech, reported a 7.3% decline in its revenue during the first quarter of the ongoing fiscal (FY25) year. The firm, however, managed to keep its grip on the profit numbers in the same period as compared to the previous quarter (Q4 FY24). PB Fintech’s revenue slipped to Rs 1,010 crore in Q1 FY25 as compared to Rs 1,090 crore during the quarter ended March 2024, as per the company’s disclosure with the National Stock Exchange (NSE). Insurance broking formed 83.6% of the collections which decreased 7.5% to Rs 845 crore during Q1 FY25. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 5.7% to Rs 165 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,111 crore in Q1 FY24. For PB Fintech, employee benefits cost remained the largest cost center forming 42% of the overall expenditure. This cost saw a mere increase of 3.4% QoQ to Rs 455 crore in the past quarter (Q1 FY25). The company’s spending on finance, advertising-promotion, network, internet, and other overheads pushed its total expenditure to Rs 1,081 crore in Q1 FY25 from Rs 1,114 crore in Q4 FY24. Despite the decline in scale, PB Fintech has managed to maintain steady profits, which stood at Rs 60 crore in Q1 FY25. On a unit level, the Gurugram-based firm spent Rs 1.07 to earn a rupee in Q1 FY25. PB Fintech ended the day (August 6) with a share price of Rs 1,425 and its total market capitalization was Rs 64,984 crore, or $7.2 billion.

CarTrade revenue and profit slip in Q1 FY25; shuts down used car retail biz

EntrackrEntrackr · 11m ago
CarTrade revenue and profit slip in Q1 FY25; shuts down used car retail biz
Medial

Automobile classifieds portal CarTrade Tech’s revenue from operations slipped 2.8% quarter on quarter in the opening quarter of FY25. At the same time, its profit took a hit of 8% due to rising employee costs. CarTrade Tech’s operating revenue decreased to Rs 141 crore in Q1 FY25, from Rs 145 crore in Q4 FY24, according to its disclosure with NSE. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. The income from these segments stood at Rs 50 crore, Rs 44 crore, and Rs 47 crore, respectively, during Q1 FY25. The firm collected Rs 15 crore from other income, which remained flat QoQ, bringing its total income to Rs 156 crore in Q1 FY25. CarTrade’s burn on employees accounted for 54% of the overall expense. This cost grew 6% to Rs 71 crore in Q1 FY25 from Rs 67 crore in Q4 FY24. Other expenses, including legal and advertising, took the firm’s overall costs to Rs 132 crore in the said quarter. The slight decline in revenue impacted its profit, reducing it by 8% to Rs 23 crore in Q1 FY25. Note: CarTrade acquired 100% of OLX India’s business for Rs 535 crore in August last year. Post acquisition, the company made a strategic decision to close its C2B operations, specifically in the used car retail segment. Meanwhile, the company emphasized that it will continue to focus and grow its classified business —Olx.in — which includes both auto and non-auto verticals, according to the filing with NSE. CarTrade was trading at Rs 861 and its total market capitalization stood at Rs 4,063 crore or $490 million (as of July 30 12 PM).

Yatra profits plunges 27% in Q1 FY25; revenue continues to fall

EntrackrEntrackr · 11m ago
Yatra profits plunges 27% in Q1 FY25; revenue continues to fall
Medial

Online travel aggregator Yatra has continued to lose scale as well as profits quarter on quarter. The Gurugram-based firm’s revenue declined 6.4% during the first quarter of FY25. At the same time, its profits plunged 27.5%. Yatra’s revenue from operations decreased to Rs 100.8 crore in Q1 FY25 from Rs 107.67 crore in Q4 FY24, its consolidated unaudited financials sourced from National Stock Exchange (NSE) shows. Yatra recorded Rs 422.3 crore of revenue in the fiscal year ending March 2024 with the profits of Rs 4.4 crore. Income from air ticketing was the largest source of revenue followed by hotel, packages and other services. It also made Rs 8 crore from financial sources tallying the firm’s overall income to Rs 109 crore in Q1 FY25. The travel aggregator firm spent 32% of the overall expenditure on employee benefits followed by service and payment gateway costs. Its spending on marketing, legal, information technology, and other costs pushed its overall expense to Rs 104.75 crore in Q1 FY25 against Q4 FY24. The continued depletion of scale cannibalized Yatra’s profit by 27.47%, bringing it down to Rs 4.04 crore in Q1 FY25 against Rs 5.57 crore in Q4 FY24. On a unit level, the firm spent Rs 1.04 to earn a rupee in Q1 FY25. Yatra is currently trading at Rs 132.5 with a 4.9% decline in its share price (as of 12.58 PM today). As per Fintrackr’s estimates, its total market capitalization stood at Rs 2,079 crore (approximately $250 million).

Nykaa profits spike over 50% in Q1 FY25; invests Rs 265 Cr in Dot & Key

EntrackrEntrackr · 11m ago
Nykaa profits spike over 50% in Q1 FY25; invests Rs 265 Cr in Dot & Key
Medial

Online beauty and fashion platform Nykaa has managed to improve its topline in the last quarter over Q4 FY24. Its revenue from operations grew 4.7% in the first quarter of the ongoing fiscal year whereas the firm’s profit spiked 51% during the same period. Nykaa’s revenue from operations increased to Rs 1,746 crore in Q1 FY25 from Rs 1,668 crore in Q4FY24, its unaudited consolidated financial statements sourced from National Stock Exchange show. The beauty segment comprised 91% of the total income while fashion accounted for 8.4% to the company’s coffers. At the same time, its gross merchandise value (GMV) stood at Rs 3,321 crore in Q1 FY25. In the last quarter, Nykaa processed 12.4 million orders in the beauty segment and 1.7 million from the fashion vertical. The average order value stood at Rs 1,924 for beauty and Rs 1,237 for fashion. For Nykaa, the cost of materials formed 57.2% of the overall expenditure which increased to Rs 990 crore in Q1 FY25. The firm’s spending on employee benefits, finance, marketing, technology, and other overheads pushed its total cost to Rs 1,731 crore in Q1 FY25. The marginal growth in its scale enabled Nykaa to book an over 50% jump in its profit to Rs 13.6 crore in Q1 FY25 from Rs 9 crore in Q4 FY24. Nykaa also increased its stake in its subsidiary Dot & Key to 90% with an additional consideration of Rs 265.3 crore. Importantly, the Falguni Nayar-led company also increased its stake in Earth Rhythm making it a subsidiary company with an undisclosed investment. The Mumbai-based company is currently trading at Rs 188 (as of Aug 13), with a total market capitalization of Rs 53,697 crore ($6.7 billion).

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