{"id":70142,"date":"2024-06-11T06:03:05","date_gmt":"2024-06-11T06:03:05","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/11\/mamaearth-shares-drop-4-on-block-deal-impact-as-66-lakh-shares-change-hands-times-of-india\/"},"modified":"2024-06-11T06:03:05","modified_gmt":"2024-06-11T06:03:05","slug":"mamaearth-shares-drop-4-on-block-deal-impact-as-66-lakh-shares-change-hands-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/11\/mamaearth-shares-drop-4-on-block-deal-impact-as-66-lakh-shares-change-hands-times-of-india\/","title":{"rendered":"Mamaearth shares drop 4% on block deal impact as 66 lakh shares change hands &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"721\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/photo\/msid-110892858,imgsize-23258.cms?resize=1280,721&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Mamaearth shares drop 4% on block deal impact as 66 lakh shares change hands &#8211; Times of India\" title=\"Mamaearth shares drop 4% on block deal impact as 66 lakh shares change hands &#8211; Times of India\" \/><\/div>\n<div>Mamaearth Honasa Consumer share price<!-- --> today: Shares of Honasa Consumer, the parent company of Mamaearth, saw a nearly 4% decline on Tuesday following a block deal involving 66.20 lakh shares. <br \/>The transaction, which took place at an average price of Rs 439 per share, amounted to a total value of Rs 291 crore, representing a 2% stake in Honasa Consumer, an ET report said.<br \/>According to media reports, <!-- -->Fireside Ventures<!-- --> and Sofina Ventures were likely the sellers in this transaction. The latest shareholding data revealed that Fireside Ventures Investment Fund held a 5.28% stake in Honasa Consumer, while Sofina Ventures owned a 6.16% equity stake in the company.<br \/>Honasa Consumer reported a net profit of Rs 30.4 crore for the March quarter, a significant improvement compared to the loss of Rs 161.7 crore in the corresponding quarter of the previous year.<br \/>Also Read | <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/hyundai-motor-puts-ipo-plans-for-indian-stock-market-listing-in-gear-details-here\/articleshow\/110888796.cms\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Hyundai Motor puts IPO plans for Indian stock market listing in gear; details here<\/a><br \/>The company&#8217;s revenue from operations grew by 21% year-on-year (YoY) to Rs 471 crore, up from Rs 388 crore in the same quarter of the previous fiscal. Honasa achieved its highest-ever profit during the March quarter, resulting in a 780-basis point improvement in EBITDA margins YoY.<br \/>Emkay Global, a domestic broking firm, has increased its target price for <!-- -->Honasa Consumer<!-- --> to Rs 525, acknowledging the company&#8217;s ability to identify and address emerging consumer needs, which has enabled it to maintain rapid growth not only in its core business but also in other brands. <br \/>The firm expects Honasa to continue executing its strategies effectively, driving growth and profitability across its brands.<br \/>Emkay Global also highlights the dynamic nature of the Indian BPC segment, where social awareness plays a significant role in shaping trends. The firm believes that Honasa&#8217;s recent acquisition of Cosmogenesis Labs will further enhance its fundamentals, with the founder playing a crucial role in launching efficacious products with a timeline exceeding 12 months.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/mamaearth-shares-drop-4-on-block-deal-impact-as-66-lakh-shares-change-hands\/articleshow\/110892730.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mamaearth Honasa Consumer share price today: Shares of Honasa Consumer, the parent company of Mamaearth, saw a nearly 4% decline on Tuesday following a block deal involving 66.20 lakh shares. The transaction, which took place at an average price of Rs 439 per share, amounted to a total value of Rs 291 crore, representing a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":70143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110892858,imgsize-23258.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[13772,289,487,2294,9505,65229,5128,36274,6032,273,5957,26956,65228,65227,65226,1253,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/70142"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=70142"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/70142\/revisions"}],"predecessor-version":[{"id":70144,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/70142\/revisions\/70144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/70143"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=70142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=70142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=70142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}