Honasa the parent company of beauty and personal care brand Mamaearth said that it has entered into a binding agreement to acquire Cosmogenesis Labs for Rs 4 crore to strengthen its R&D capabilities. As part of the transaction, the company will acquire formulation expertise, a research and development lab along a nanomanufacturing facility.
Honasa Consumer Ltd, the parent company of Ghazal Alagh and Varun Alagh-led Mamaearth, on Thursday reported quarterly profit after tax (PAT) at Rs 30 crore for the January-March quarter this year.For the full fiscal year (FY24), Honasa .
Honasa Consumer, which owns and operates Mamaearth, on Thursday, reported a net profit of Rs 30.4 crore for the quarter ended March 2024. The company posted a loss of Rs 161.7 crore in the last year quarter.