Honasa Consumer Reports Record Q1 Profit of Rs 90 Crore, with Revenue Soaring 27% Year-on-Year Driven by Mamaearth Brand

Honasa Consumer, the parent company of Mamaearth, has reported remarkable financial performance in the first quarter of FY27, achieving a consolidated profit after tax (PAT) of Rs 90 crore. This figure reflects a substantial increase of 116.5% year-on-year from Rs 41 crore in the same quarter last year, and the PAT margin rose to 11% from 6.9%. Revenue from operations also marked a record of Rs 756 crore, up 27% from Rs 595 crore year-on-year. The EBITDA saw an impressive growth of 140.7% YoY to Rs 110 crore, resulting in an enhanced EBITDA margin of 14.6% compared to 7.7% in Q1FY26.

The company reported strong growth across its focus categories, which exceeded 35%, primarily driven by traction in key operational channels. Mamaearth, the flagship brand, exhibited high-teens growth, with notable product developments such as Rice Dewy Bright becoming the top face cleanser. Noteworthy contributors included The Derma Co., achieving Rs 1,000 crore in annual recurring revenue (ARR) and securing its position in the ‘Teens EBITDA Club’. Additionally, face cleansers crossed Rs 200 crore ARR, underscoring Honasa’s unique achievement as the only FMCG entity in India to build two Rs 1,000 crore brands within the last decade.

Younger brands under Honasa have also seen exponential growth, surpassing 40%, fueled by innovations appealing to Gen Z and expansion into premium skincare categories. The expansion beyond South India to Maharashtra and new channels propelled BTM Ventures to over Rs 150 crore ARR, indicating a successful integration post-acquisition. The offline distribution network has shown resilience, with both General Trade and Modern Trade channels exceeding 40% growth. Furthermore, Honasa’s entry into the fragrance category with the FIKN brand represents strategic diversification into an underexplored market, validating their long-term growth trajectory.

Management has expressed confidence in the operational strategies being effectively executed, with Varun Alagh, CEO, emphasizing the need to maintain momentum and discipline in capital allocation. The company is poised to leverage its strengths in category leadership while actively exploring new opportunities within under-penetrated segments like fragrances. This forward-looking approach aims to foster a robust ‘House of Brands’ that sustainably addresses evolving consumer needs, further solidifying Honasa Consumer’s position within the rapidly expanding beauty and personal care segment.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)