India, Aug. 12 -- Shares of Honasa Consumer Ltd, the parent company of D2C brand Mamaearth, slumped over 6% during the intraday trading on Monday (August 12), despite the company posting an over 60% increase in its net profit in the June quarter on Friday (August 9).

The startup's shares touched an intraday low of INR 444.45 apiece on the BSE. However, the stock pared some of the losses to end the session 4.6% lower at INR 451.65.

On the back of a healthy growth in its product business, Mamaearth's profit zoomed 62.9% to INR 40.2 Cr in Q1 FY25 from INR 24.7 Cr in the year-ago quarter. Operating revenue rose 19.3% year-on-year (YoY) and 17.3% sequentially to INR 554 Cr during the quarter.

However, Honasa also said that it has discontinu...