| 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
- ₹465.50
- Market cap
- ₹15,176 Cr
- Revenue (annual)
- ₹2,392 Cr
- Net profit (annual)
- ₹199.9 Cr
- P/E (TTM)
- 61.0×Sector 43.4×
- 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 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 Investor Presentation: Key Takeaways
Honasa reported its highest-ever quarterly revenue and profit in Q1FY27, driven by a 31.8% YoY LFL revenue increase and significant EBITDA margin expansion to 14.1%.
Honasa Consumer Q1 FY27 Results: Net Profit ₹90.4 Cr, Up 118.9% YoY
Honasa Consumer Ltd reported revenue from operations of ₹755.9 Cr (+27.0% YoY) and net profit of ₹90.4 Cr (+118.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹90.4 Cr · +118.9% YoY
Honasa Consumer Earnings Call: Key Takeaways
Honasa delivered strong Q4 FY26 results with 28% YoY revenue growth and expanded EBITDA margins to 11.3%. Strategy focuses on hero products and younger brands.