Mamaearth opens its 100th EBO in Mumbai

Mamaearth, the flagship brand under Honasa Consumer Limited, India's largest digital-first Beauty and Personal Care (BPC) company, celebrated the opening of its 100th Exclusive Brand Outlet (EBO) in Mumbai. Situated at the bustling R-City Mall in Ghatkopar, this new store signifies a significant milestone in Mamaearth's journey and reinforces its commitment to making toxin-free personal care products accessible to all. The Store will be inaugurated by the founders- Ghazal Alagh & Varun Alagh along with the renowned influencer Nikhil Sharma, popularly recognized as Mumbiker Nikhil.

With the intent to connect with the consumers in an immersive manner, exclusive brand outlets helped the brand curate richer brand experiences and deepen engagement with them in the offline retail environment. Along with being a great experience center, the exclusive stores have catalysed development of strategic categories such as color cosmetics that require a more personalized service and experience to facilitate purchase conversion. Since the inauguration of its first store in early 2021, Mamaearth has displayed remarkable growth, and the opening of the 100th store is a testament of the brand's commitment to making Mamaearth products accessible offline as well. Over the past year, Mamaearth has experienced an impressive retail store count growth with a diversification of its product range to encompass an extensive 250+ SKU collection.

Commenting on the launch of the Exclusive Brand Outlet launch, Mr. Varun Alagh, Chairman & CEO, Honasa Consumer Ltd. said, "Venturing into exclusive brand outlets has been an extension of our quest towards building omni channel presence of the brand. We take immense pride in our team's achievement of reaching the remarkable century mark for Mamaearth in record time. We are truly grateful to our customers who have showered so much love upon us, which has fueled this growth. At Honasa, we are deeply committed to building consumer brands that serve a purpose along with solving personal care problems and we promise to stay committed to this and continue serving the consumers."

Mamaearth is a purpose-led brand that strongly believes in the principle of 'Goodness Inside' and is committed to furthering goodness through its products and initiatives. The inauguration of Mamaearth's 100th store in Mumbai marks a resounding success and a pivotal milestone in the brand's journey.

Shares of Honasa Consumer Limited was last trading in BSE at Rs. 458.30 as compared to the previous close of Rs. 474.00. The total number of shares traded during the day was 25396 in over 1109 trades.

The stock hit an intraday high of Rs. 476.65 and intraday low of 450.25. The net turnover during the day was Rs. 11725736.00.

Source : Equity Bulls

Keywords

HonasaConsumer PersonalCare INE0J5401028 Mamaearth 10thEBO Mumbai