Shares of Honasa Consumer Ltd., the parent company of Mamaearth, were trading marginally higher on Friday, November 6, after the company reported a strong set of results for the September quarter (Q2FY27), with revenue growth accelerating to its highest level since listing and profitability improving sharply.
The company reported a 35.9% year-on-year increase in revenue to ₹731 crore from ₹538 crore in the corresponding quarter last year. Net profit surged 87.2% to ₹73 crore from ₹39 crore, while EBITDA nearly doubled, rising 96.2% to ₹93.2 crore from ₹47.5 crore.
The EBITDA margin expanded to 12.7% from 8.8% in the year-ago quarter, an improvement of 390 basis points.
Honasa Consumer said Q2FY27 marked its highest growth since listing, with its focus categories recording growth of over 40% and contributing more than 80% to the company’s overall business. The company attributed the performance to strong momentum across general trade, modern trade and e-commerce channels.
At the brand level, Mamaearth sustained growth in the high teens, while The Derma Co. continued to expand profitably. The company’s younger brands recorded growth of more than 45% year-on-year, highlighting the contribution of its emerging portfolio.
Commenting on the performance, Varun Alagh, Chairman, CEO and Co-founder of Honasa Consumer, said the growth reflected the strength of the company’s business and its category-focused strategy. He added that the company aims to build on the momentum by giving each brand within its House of Brands portfolio the focus and capabilities needed to establish a stronger presence in its respective category.
Ghazal Alagh, Co-founder and Chief Innovation Officer of Honasa Consumer, said innovation remains central to the company’s growth strategy. While strengthening its flagship brands, the company is also encouraging its younger brands to experiment with new formats and consumer propositions.
She cited Mamaearth’s Kulhad Chai Tinted Lip Balm, developed in collaboration with Chaayos, and Dr. Sheth’s Collagen and Vitamin C Overnight Moisture Wrapping Mask as examples of its efforts to stay relevant to changing consumer preferences.
The company plans to continue expanding its presence in core categories, introducing new products and making its offerings accessible to more consumers across channels.
Honasa Consumer shares were trading 0.30% higher at ₹483.20 on Friday. The stock has gained more than 70% so far this year.
Honasa Consumer Q2 Results: Net profit rises 87%, revenue growth hits post-listing high