Thursday, November 21, 2024

'Rs 300 crore unsold inventory charge' that Mamaearth 'trashed'

Mamaearth's parent company, Honasa Consumer, is facing allegations of unsold inventory burdening distributors with losses. Honasa refutes the claims, stating a significantly lower inventory value. The company is undergoing a restructuring process, transitioning to a direct distributor model, which has impacted its financial performance. Despite the challenges, Honasa remains committed to its strategy.

from Times of India https://ift.tt/GHBOYnq
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