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The beauty and personal care retailer has seen a modest revival in fortunes, but it is not out of the woods yet, as its own management hints.

Honasa Consumer, better known by its flagship brand Mamaearth, announced its much-anticipated quarterly results last evening. Much-anticipated, because this latest quarter is the most significant one that the beauty and personal care company has had since its listing.
Reeling from a terrible (last) quarter and the subsequent hammering of its stock price, Honasa was expected to not just report better numbers, but also make up for its ambiguity and provide a clear picture on where things stand.
Let’s start with the numbers.
Revenue from operations for the three months ended December 2024 is at Rs 518 crore, up just about …