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Varun Alagh purchases over 1.6 lakh shares of Mamearth since IPO

EntrackrEntrackr · 1y ago
Varun Alagh purchases over 1.6 lakh shares of Mamearth since IPO
Medial

Varun Alagh, Co-founder and Chief Executive Officer of Honasa Consumer Limited, the parent company of Mamaearth, has acquired over 160,000 shares in the company. This acquisition demonstrates his confidence in the company’s growth prospects and aligns with Honasa's efforts to expand its market presence, despite the recent erosion of its market capitalization. As of September 30, Varun Alagh held 10.355 crore equity shares of Mamaearth. However, a recent document accessed by Entrackr showed that his shareholding has increased to 10.371 crore shares. According to Fintrackr analysis, the additional shares acquired by Alagh are worth Rs 4.26 crore, while his total shares are valued at Rs 2,722 crore (approximately $324 million) as of today — December 3. As of December 3, Mamaearth's stock is trading at Rs 262.45, with a market capitalization of Rs 8,525 crore ($1 billion). Over the past three months, the stock has experienced significant volatility, reaching a 52-week high of Rs 547 in September and a 52-week low of Rs 222.5 in November. During the second quarter of the current fiscal year, the Gurugram-based company reported a 9.3% decline in its revenue to Rs 417 crore, compared to Rs 460 crore recorded in Q2 FY24.

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Varun Alagh increases his stake in Honasa to 32.45% via Rs 50 Cr block deal

EntrackrEntrackr · 10d ago
Varun Alagh increases his stake in Honasa to 32.45% via Rs 50 Cr block deal
Medial

Varun Alagh increases his stake in Honasa to 32.45% via Rs 50 Cr block deal Mamaearth’s parent Honasa Consumer’s co-founder and promoter Varun Alagh has increased his equity stake in the company through a block deal on December 29, 2025. According to Honasa’s exchange filing, Alagh bought 18,51,851 equity shares, representing 0.57% of the company’s total share capital, at Rs 270 per share, taking the transaction value to about Rs 50 crore. As disclosed on the NSE, these shares were purchased from Fireside Ventures Investment Fund. Following this acquisition, his total shareholding has risen to 10.56 crore shares, accounting for 32.45% of Honasa’s equity. The filing further added that the aggregate shareholding of the promoter and promoter group has increased to 35.54%, translating into 11.56 crore shares. The development comes soon after Honasa’s strategic entry into the men’s grooming market with the acquisition of South India-focused Reginald Men. The company has picked up a 95% stake in BTM Ventures Pvt Ltd, the owner of Reginald Men through a secondary transaction at Rs 195 crore. In terms of financials, Mamaearth’s revenue increased 16.5% to Rs 538 crore in Q2 FY26 from Rs 462 crore in Q2 FY25. The Gurugram-based company reported profit after tax of Rs 39 crore in Q2 FY26, as compared to a loss of Rs 18.56 crore in Q2 FY25. During the quarter ending September 2025, the company also picked up 25% stake in Couch Commerce Private Limited which owns brand “Fang Oral Care” for a consideration of upto Rs 10 crores. Mamaearth parent’s shares are trading at Rs 275 per share (as of 15:25 PM), with a total marketing capitalization of Rs 8,955 crore ($1 billion).

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