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Ph • 1y

Headline numbers: The Mamaearth parent reported a 21% growth in operating revenue for the March quarter to Rs 471 crore. Net profit stood at Rs 30.5 crore, against a net loss of Rs 162 crore a year ago. Key takeaway: The company is doubling down on its offline push, shifting from its earlier super-stockist model to directly appointing distributors in a bid to improve margins. By the way: CEO Varun Alagh said Honasa is eyeing over 20% compound annual growth rate over the next few years. Revenue growth for FY25 seen coming in at a similar clip.

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