The Derma Co: Honasa Consumer's The Derma Co hits annual revenue run rate of Rs 500 crore
by ETtech.com
ETtech.com— Honasa Consumer, the parent company of beauty and personal care (BPC) brand Mamaearth, said its active ingredients-backed skincare brand, The Derma Co, has achieved an annual revenue run rate (ARR) of Rs 500 crore. ARR is a metric to forecast the financial performance of a company over a year based on past earnings data.According to the company, this was driven by the creation of brands offering specialised products tailored for Indian skin and weather conditions. It emphasised product...
ETtech.com—Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore. Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
SiliconBeat—Rooker hits 2 homers in an inning, rookie Harris hits 2 in debut as A’s reach .500 by blowing out Marlins. The Athletics hadn’t scored more than seven runs in a game through their first 33 games. Saturday against Miami, they had 10 in the third inning alone.
Fortune—Boeing’s CEO search hits a roadblock—now an ‘insider/outsider’ who runs the planemaker’s biggest supplier is on the short list and near the top. Frontrunner David Gitlin said he didn't want to lead Boeing, and board members are said to have doubts about the leading inside candidate.