Mamaearth earns 19.8 cr in FY22, revenue climbs 102% YoY.
- Mamaearth, led by Ghazal and Varun Alagh, became profitable in 2022. The business, which joined the unicorn club earlier this year, earned a standalone net profit of INR 19.8 Cr in FY22 after a net loss of INR 1,332.2 Cr in FY21.
- Mamaearth is nearing INR 1,000 Cr revenue. Its FY22 revenue climbed 101% to INR 952.4 Cr from INR 472.1 Cr. The Tiger Global-backed startup’s operations revenue doubled to INR 931.7 Cr from FY21’s INR 459.9 Cr.
- Mamaearth earned 20.6 Cr from other sources. Investment income is usually other income.
- The startup’s FY22 EBITDA margin rose to 3.89% from -280%.