New Delhi: Shares of Mamaearth's parent company Honasa Consumer Ltd rose sharply in Monday's trade as the stock surged 4.47 percent to hit a day high of Rs 403.55, according to various media outlets. The rise came after The Derma Co, a skincare brand of Honasa, said it has achieved an annual revenue rate (ARR) of Rs 500 crore.

The company had previously touched Rs 350 crore in September 2023. "The Derma Co's remarkable achievement of Rs 500 crore annual run rate is a strong testament to our strategic brand-building approach at Honasa Consumer Limited," Varun Alagh, co-founder and CEO of Honasa Consumer Ltd, said, according to a press release.

Mamaearth products including facial serums, sunscreens, sunscreen sticks, and acne patches, sold over 1 crore units in the last fiscal year, according to a release issued by The Derma Co.

Meanwhile, shares of Zomato Ltd have risen 4.55 percent to hit Rs 197.80 in Monday's trade, just 0.98 percent away from its record high value of Rs 199.75.

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