The call ran from 4:01 PM to 4:40 PM IST (39 min).
Key takeaways
Q2 FY27 net sales rose 36% and EBITDA roughly doubled to a 12.7% margin, largely volume-driven. Management was upbeat but gave no new numeric guidance.
| Revenue growth | Net sales +36% YoY, highest growth since listing; volume-led. |
|---|---|
| Margins | EBITDA margin 12.7%; expansion from channel mix and operating leverage. |
| Demand visibility | Per capita beauty spend rising; women workforce and men's category tailwinds. |
| Management confidence | Upbeat, over-optimistic: 'highest growth since listing'; no guidance raised. |
Growth
Net sales +36% YoY, EBITDA roughly doubled to 12.7%; growth mainly volume-led, price hikes offset crude costs.
Outlook
Targets 15% EBITDA margin in next four years; near-term margin held around 12.5%.
Risks
Margin gains partly channel-mix driven; no guidance raised. Younger-brand growth excludes Dermaco, which is a large contributor.
Last quarter's promises, checked
Delivered
- Guided ~100bps op leverage → 110-120bps unlocked (= BEAT)
- Guided high-teens CAGR, above-CAGR this year → Net sales +36% YoY (= BEAT)
- Guided focus categories 35%+ → 40%+ (= BEAT)
Partly delivered
- Guided 150-200bps margin expansion this year → 12.7% EBITDA margin; YoY bps not disclosed (= PARTIAL)
- Guided younger brands 40%+ (incl. Derma Co) → 40%+ ex-Dermaco; basis differs (= PARTIAL)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Honasa Consumer Q2 FY27 Results: Net Profit ₹73.2 Cr, Up 86.7% YoY
Honasa Consumer Ltd reported revenue from operations of ₹731.2 Cr (+35.9% YoY) and net profit of ₹73.2 Cr (+86.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹73.2 Cr · +86.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management guides for 15% EBITDA margin within 5 years and high-teens growth for core brand Mamaearth.
Growth they described
Revenue grew 32% YoY with 30.5% volume growth, supported by the Derma Co becoming a ₹1000cr brand.
Call details
| Company | Honasa Consumer Ltd |
|---|---|
| NSE symbol | HONASA |
| ISIN | INE0J5401028 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 4:00 PM IST |
| Length | 39 min |
| Audio | Our stream on YouTube ↗ |
Honasa Consumer Ltd: key numbers
- Share price
- ₹464.90
- Market cap
- ₹15,157 Cr
- Revenue (annual)
- ₹2,392 Cr
- Net profit (annual)
- ₹199.9 Cr
- P/E (TTM)
- 60.9×Sector 40.9×
- Promoter holding
- 35.47%+0.00% QoQ
- FII holding
- 14.91%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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