Honasa Denies ₹300 Crore Inventory Overhang
Honasa Consumer Limited has denied claims by the All India Consumer Products Distributors Federation (AICPDF) about its distribution practices. The company clarified its inventory figures and explained its transition to a single-layered distribution model under "Project Neev." Honasa also reported improved financial metrics, including reduced accounts receivable and a better stock turnover ratio.
By Avi G
November 21, 2024