India's Mamaearth parent set for worst week since debut on quarterly loss
** India's Mamaearth parent Honasa Consumer HONA.NS down ~2% at 233.65 rupees, set for a four-session losing streak
** Stock down about 37% so far this week, on course for its worst week since trading debut in Nov 2023
** The beauty and personal care products retailer posted its first quarterly loss since listing, triggering a meltdown in its stock and wiping off $415 mln in market value
** Analysts said Q2 results fanned demand and growth worries for Mamaearth, which is also facing stiff competition from larger rival Nykaa FSNE.NS and private players such as Health & Glow
** Moreover, India's biggest retail distributors' association on Tuesday accused HONA of dumping excessive inventory, a significant portion nearing expiry, onto distributors without considering market demand; HONA denied the report terming it "misinformation"
** HONA stock drops ~31% since listing in Nov 2023
Reporting by Ananta Agarwal in Bengaluru
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