Bengaluru, Nov. 12 -- Honasa Consumer Limited, the parent company of Mamaearth, The Derma Co and Aqualogica, plans to deepen its focus on new categories such as oral care and premium skincare after reporting a profit after tax of Rs.39 crore in the September quarter, compared with a loss of Rs.18.5 crore a year earlier, its founder and chief executive officer Varun Alagh said on Wednesday.
The beauty and personal care company has acquired a minority stake for Rs.10 crore in oral care brand Fang Oral (operated by Couch Commerce Pvt Ltd) to expand its presence in the category with teeth-whitening and electric-toothbrush products, it said in a filing with the stock exchanges. The move is aimed at capturing the growing demand for premium off...
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