| Management target | Revenue 18.0% FY27 |
|---|
| Revenue growth | 32% YoY revenue growth driven by 30.5% volume expansion. |
|---|---|
| Margins | EBITDA margin expansion driven by product mix and operating leverage. |
| Demand visibility | Strong traction in quick-commerce and specialized sun-care/face-wash categories. |
| Management confidence | High confidence in multi-brand strategy and offline distribution efficiency. |
Growth
Revenue grew 32% YoY with 30.5% volume growth, supported by the Derma Co becoming a ₹1000cr brand.
Outlook
Management guides for 15% EBITDA margin within 5 years and high-teens growth for core brand Mamaearth.
Risks
Execution risk in scaling niche brands like Aqualogica and potential margin pressure from aggressive fragrance entry.
Last quarter's promises, checked
Delivered
- Guided 20% plus growth → delivered 32% revenue growth (= BEAT)
- Guided 100 bps EBITDA margin improvement → delivered 100 bps leverage improvement (= BEAT)
- Guided double-digit growth for Mamaearth → delivered double-digit growth (= BEAT)
Partly delivered
- Guided scaling younger brands at 40% → delivered 40%+ growth but niche scaling remains a challenge (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: HONASA. Summary written with AI assistance from the document.
Honasa Consumer Ltd: key numbers
- Share price
- ₹474.65
- Market cap
- ₹15,475 Cr
- Revenue (annual)
- ₹2,392 Cr
- Net profit (annual)
- ₹199.9 Cr
- P/E (TTM)
- 62.2×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.
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