| Revenue growth | INR 2,400 Cr in FY26 from INR 2 Cr in FY17. |
|---|---|
| Margins | EBITDA margin expanded from ~7% (Q4FY24) to 9.9% (FY26). |
| Demand visibility | Strong, driven by Gen Z and Gen Alpha consumer trends. |
| Management confidence | High; projecting INR 5,500+ Cr revenue by FY31. |
Growth
FY26 Revenue INR 2,400 Cr; PAT ~INR 200 Cr. Mamaearth returned to 'teens' growth; focus categories grew ~30% in FY26.
Outlook
FY31 vision: Target INR 5,500+ Cr revenue and 15% EBITDA margin; scale direct offline reach to 300k+ outlets.
Risks
Intense competition in BPC categories; high dependence on online channel salience; execution risks in rapid offline expansion.
Last quarter's promises, checked
Delivered
- Guided Mamaearth back to teens growth → delivered teens growth (= BEAT)
- Guided EBITDA margin improvement → delivered 10.9% in Q3 (= BEAT)
- Guided focus on direct distribution → delivered 80% direct contribution (= BEAT)
Partly delivered
- Guided 100 bps annual margin expansion → delivered 10.9% (on track for FY) (= PARTIAL)
Earnings Call filed with BSE, NSE: HONASA. Summary written with AI assistance from the document.
Honasa Consumer Ltd: key numbers
- Share price
- ₹475.25
- Market cap
- ₹15,494 Cr
- Revenue (annual)
- ₹2,392 Cr
- Net profit (annual)
- ₹199.9 Cr
- P/E (TTM)
- 62.3×Sector 42.5×
- Promoter holding
- 35.47%-0.07% QoQ
- FII holding
- 13.64%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Honasa Consumer Ltd
All →Honasa Consumer Management Change
Honasa elevates Nishchay Bahl to Chief Business Officer - Offline effective September 8, 2026. He will lead offline channels including General Trade and Modern Trade.
Honasa Consumer Annual General Meeting
Honasa Consumer Limited will hold its 10th Annual General Meeting on September 28, 2026, through video conference to discuss financial statements and director appointments.
Honasa Consumer Merger & Restructuring
Honasa Consumer has terminated its proposed acquisition of a 58% stake in Fluence Pharma Private Limited due to the non-fulfilment of closing conditions.
Honasa Consumer Capital Structure Change
ICICI Prudential Life Insurance sold 8,92,850 shares of Honasa Consumer Limited in the open market. The institutional stake decreased from 5.80% to 5.53%.
Honasa Consumer Earnings Call Transcript: Key Takeaways
Honasa reported strong 32% revenue growth for Q1 FY27, driven by volume and portfolio diversification. While management remains optimistic, scaling secondary brands beyond ₹200cr remains a challenge despite the core brand's steady performance.
- Call
- Guides 18% growth
Honasa Consumer Other Announcement
Honasa Consumer Limited filed its Monitoring Agency Report for the quarter ended June 30, 2026. The report confirms no deviations in utilizing its IPO proceeds.