Shares of Mamaearth's parent company, Honasa Consumer, were locked in the 20% lower circuit limit, at Rs 297.25—its 52-week low—after the company announced its Q2FY25 earnings on Thursday, after market hours. The company reported a consolidated net loss of Rs 19 crore, compared to a profit after tax (PAT) of Rs 29 crore in the year-ago period, due to a one-time inventory correction amid a shift in its distribution model.