Honasa Consumer Ltd (HCL) shares skyrocketed 9% on 12 February after the company announced its quarterly earnings for October-December.

The parent company of Mamaearth’s net profit increased threefold to Rs 26 crore for the quarter under review from Rs 7.4 crore reported in the same quarter last year.

The revenue from operation during the quarter stood at Rs 488.2 crore, marking a 28% year-on-year increase from Rs 382.2 crore reported in the same quarter of the previous fiscal year. However, on a sequential basis, the revenue from operation fell by 2% quarter-on-quarter from Rs 496.1 crore reported in Q2FY24.

Varun Alagh, Chairman and CEO of HCL, said, “Four out of six brands from our portfolio are already in the Rs 150 crore ARR club, and we see this as a testimony of our capabilities. Having built colorcare with Mamaearth showcases our ability to build new categories and the versatility of the brand. As we move forward, focus continues to be on purpose-based brand building, innovation and distribution expansion.”

During the quarter, 36,95,191 stock options were exercised by the employees.

At 1:00 pm, the shares of Honasa Consumer were trading 0.55% higher at Rs 435.35 on NSE.