mama earth collab - Business Outrank

Duplication Just4Kids Services Private Limited and Fusion Cosmetics Private Limited, two of Honasa Consumer's fully owned subsidiaries, have been authorized for merger with the parent company of D2C brand Mamaearth, which is situated in Delhi-NCR. The merging plan, according to Honasa, would require clearance from multiple regulatory bodies, including the National Company Law Tribunal's Chandigarh and New Delhi benches. This was stated in an exchange filing. According to Honasa, the merger would reduce duplication of expenses and increase financial efficiency. It stated, "The combined entity's competitive position will be enhanced and overall shareholder value would be maximized as a result of the resultant operations, which are anticipated to be significantly cost-efficient." It also stated that the combination will remove structural layers, provide a focused management focus, and aid in more effective cash management. The parent firm of Dr. Seth's, a brand primarily involved in skincare product creation and trade, is Fusion Cosmetics. In May 2022, Mamaearth paid INR 28 Cr. for the controlling interest in Fusion Comecutics. INR 76.6 Cr was the revenue recorded by Fusion Comecutics during the first nine months of 2024. Conversely, Momspresso's parent business, Just4Kids, provides moms with pregnancy and parenting assistance in eight regional languages in addition to English and Hindi. It is important to remember that Mamaearth paid INR 167.9 Cr for Momspresso, which was their first purchase. Momspresso's website was taken down before its initial public offering (IPO) and is still unavailable. Mamaearth was closing Momspresso MyMoney and its brand marketing vertical, according to an exclusive scoop from Inc42 in July of last year. The firm laid off 80–100 workers earlier in 2023 before closing these verticals. By Mamaearth's red herring prospectus (RHP), the board of the firm resolved to "scale down" most of Momspresso's business verticals during a meeting in March 2023. In addition, Honasa recorded a net loss of INR 151 Cr for FY23 as a result of having to accept a goodwill impairment loss of INR 136 Cr. Mamaearth deducted INR 136 Cr from her goodwill towards Just4Kids. In all, it declared INR 155 Cr in extraordinary items before tax in FY23 as a result of goodwill and other intangible asset impairment. Without it, the firm would have declared a net profit for the year in question of almost INR 3.7 Cr. For the first nine months of FY24, Just4Kids recorded revenue of INR 4 Cr. On the BSE, Honasa's shares closed Friday's trading session 0.9% higher at INR 385.75.

What's Hot

Vodafone Faces Major Outage in Delhi and Mumbai, Services Now Restored

DeepSeek Copied OpenAI Code? OpenAI Strikes Back with Bold New Rule

Italy’s Giorgia Meloni Meets Trump, Sparks Optimism on EU Trade Deal

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: mama earth collab

Mamaearth To Merge Two Subsidiaries To Avoid Duplication

Vodafone Faces Major Outage in Delhi and Mumbai, Services Now Restored

DeepSeek Copied OpenAI Code? OpenAI Strikes Back with Bold New Rule

Italy’s Giorgia Meloni Meets Trump, Sparks Optimism on EU Trade Deal

Intel Shakeup: CEO Tan Restructures Leadership for Bold Comeback

Our Picks

Vodafone Faces Major Outage in Delhi and Mumbai, Services Now Restored

DeepSeek Copied OpenAI Code? OpenAI Strikes Back with Bold New Rule

Italy’s Giorgia Meloni Meets Trump, Sparks Optimism on EU Trade Deal

Most Popular

Vodafone Faces Major Outage in Delhi and Mumbai, Services Now Restored

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: mama earth collab