Honasa Consumer Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Directors of Honasa Consumer Limited has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024. Key highlights include revenues from operations of ₹41.75 Cr and ₹91.59 Cr for the quarter and half-year, respectively. The stand-alone net loss stood at ₹14.92 Cr, while consolidated results showed a loss after tax of ₹18.58 Cr. The company is transitioning to a direct distribution model under Project 'Neev,' leading to adjustments for sales returns and provisions for doubtful debts totaling ₹63.52 Cr.