ALFA Finder| 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
- ₹489.45
- Market cap
- ₹15,970 Cr
- Revenue (annual)
- ₹2,392 Cr
- Net profit (annual)
- ₹199.9 Cr
- P/E (TTM)
- 56.5×Sector 41.3×
- 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.
More from Honasa Consumer Ltd
All →Honasa Consumer Employee Stock Options
Honasa Consumer's board granted 1,61,700 stock options to eligible employees under its ESOP 2018 plan at Rs 10 exercise price. The grant is an employee stock option event with no cash proceeds recorded yet.
Honasa Consumer Earnings Call Transcript: 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.
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
Honasa Consumer Acquisition
Honasa's subsidiaries announced a proposed fast-track amalgamation of B:Blunt-Spratt into Bhabani Blunt Hair Dressing. No shares or cash are involved; the scheme awaits regulatory approvals.
Honasa Consumer Management Change
Honasa Consumer elevated Vipul Maheshwari to Chief Product & Technology Officer effective 23 Oct 2026. He will lead product, technology, engineering and analytics functions.
Honasa Consumer Board Meeting Date
Honasa Consumer Limited will hold a board meeting on November 06, 2026, to consider and approve its unaudited standalone and consolidated financial results.