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What Mamaearth’s plateau teaches businesses

Updated: Jul 19, 2025

Mamaearth, once celebrated as a fast-growing D2C brand, found itself at a critical crossroads. After achieving unicorn status, the parent company, Honasa Consumer, made a major shift in its supply chain strategy. The goal was clear: cut costs and improve margins. But the move came with consequences that have put its growth story under pressure.

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