Source: Moneycontrol
The question I guess, we all should be asking, is why was this a $1Bn company so far? If it's a $1Bn consumer brand, either you or your friends or your family or people in your village should be using it.
Why are there absent signs of there being proper adoption of mamaearth.
Here's what I think has happened:
Making a lot of assumptionsbasis hearsay but quite possible, wdyt?
This 🙌🙌
I support Indian brands but dude, Mamaearth is one of the worst skincare products I have ever tried. Rest are somewhat mid at best, not worth the hype.
Absolutely agree! I tried Mamaearth once during its Influencer frenzy days and my hair fall increased like no one's business.. never touched the product again. It's one of the worst skincare brands with cheap quality products that rode the wave by burning money via marketing. Good thing is that market is correcting itself.
They seem to be cooked. Truth be told, I know their numbers were suspect at the early stages of the companies.
There were malpractices. Maybe they corrected later on, maybe they didn't. It does not look good anymore.
Spill the beans
damn
With the 5% earnings growth for FY 25 and 30 PE (as it is a consumer brand) I expect the price will correct more. For me the fair price seems around 160. Also the anchor investors will be dumping the share as 1 year has completed 😬
The best is to know an employee to get their views they know their internal metrics. Many employees are selling now as they get to buy stock at cheap price later.
We should atleast name and shame the mutual funds who contributed to this pump and dump. Lots of smug mutual fund managers were acting holier than thou and saying things like we know better understand better
SEBI should check for any kickbacks received by these MF managers. Clearly, a red flag for investors, unfortunately I have one fund.
