The brokerage's channel checks with distributors across key markets highlight that offline execution remains central to the next phase of growth. The offline channel accounts for 35% of the business, while its contribution for Mamaearth is higher at 50%+.
The brokerage's channel checks with distributors across key markets highlight that offline execution remains central to the next phase of growth. The offline channel accounts for 35% of the business, while its contribution for Mamaearth is higher at 50%+.
<iframe src="https://hindustansphere.com/embed/cluster/bf78142487391a63b085f18a8416093e849dda43" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Honasa Consumer In Focus As HDFC Securities Remains Bullish On Growth Visibility — Check Target Price"></iframe>
