Varun Alagh Boosts Mamaearth-Parent Stake with Rs 50 Crore Block Deal

• Honasa Consumer co-founder Varun Alagh acquired shares worth nearly Rs 50 crore in Mamaearth-parent via a block deal.
• He purchased 1,851,851 equity shares, representing 0.57% of the company’s total share capital, at Rs 270 per share.
• Post-acquisition, Alagh's holding increased to 32.45%, and the promoter group's aggregate shareholding reached 35.54%.
• The stake increase follows Honasa Consumer's Q1 net profit of Rs 41.3 crore (2.5% Y-o-Y rise) and revenue of Rs 595.3 crore (7% Y-o-Y rise).
• EBITDA improved by 264 basis points to Rs 46 crore, with the margin expanding to 7.7% during the quarter.

Why It Matters: Varun Alagh significantly increased his stake in Honasa Consumer, reinforcing promoter confidence amid Q1 growth.