Results · Commerce & Consumer Brands

Honasa shares jump on Q4 revenue growth outlook

By Startup Enthusiast · 9 April 2026

What they do

Honasa shares rose 11.5% intraday after forecasting Q4 FY26 revenue growth in the late twenties

Offline distribution overhaul under 'Project Neev' and BTM Ventures acquisition are driving growth

The company expects to retain operating profitability in Q4 FY26

Honasa Consumer Ltd shares jumped 11.49% intraday to ₹348.75 on BSE after a Q4 FY26 business update.
The stock later traded 3.82% higher at ₹325.10.
The company expects Q4 FY26 revenue growth in the late twenties percentage range.
Adjusted for a Flipkart policy change, growth is expected in the early twenties.
The Mamaearth brand is expected to grow in the teens in Q4 FY26.
Younger brands (The Derma Co., Aqualogica, BBlunt, Dr. Sheth’s, Staze, Lumineve) are expected to grow in the mid-twenties.
Offline channels – general trade and modern trade – are key growth drivers with improving distribution coverage.
Honasa expects to retain operating profitability in Q4 FY26.

Honasa overhauled its offline distribution under Project Neev last year.
March was the first full quarter after Honasa acquired BTM Ventures (parent of Reginald Men and Molecular Company).
Honasa expects BTM Ventures to deliver strong performance.
The company remains watchful of the evolving geopolitical environment and will take proactive measures to mitigate risks.

Honasa Consumer Ltd is a digital-first house of brands in beauty and personal care, catering to millennial customers.
Its portfolio includes Mamaearth, The Derma Co., Aqualogica, Lumineve, Staze, BBlunt, Dr Sheth's, and Reginald Men.
The company has an omni-channel presence across 750+ districts.
Mamaearth started in 2016 as Asia's first brand with Made Safe certified products, focused on baby care.

Honasa expects to retain operating profitability in Q4 FY26.
The company will take proactive measures to mitigate risks from the evolving geopolitical environment.