Results · Commerce & Consumer Brands

Honasa Consumer projects 30% revenue growth in Q1 FY27

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Honasa Consumer, parent company of Mamaearth, expects 30% year-on-year revenue growth in Q1 FY27, driven by strong demand and offline distribution

The company reported mid-twenties growth on a reported basis, adjusting for changes in Flipkart's revenue recognition practices

Mamaearth is expected to grow in the high teens, while newer brands like The Derma Co. and Aqualogica are projected to grow by 40%

Honasa Consumer expects 30% year-on-year revenue growth in Q1 FY27, driven by strong demand and offline distribution.
The company reported mid-twenties growth on a reported basis, adjusting for changes in Flipkart's revenue recognition practices.
Mamaearth is expected to grow in the high teens, while newer brands like The Derma Co. and Aqualogica are projected to grow by 40%.
Offline business remained the key growth driver, supported by stronger general trade distribution and better in-store execution.
Online channel is also expected to record healthy growth during the quarter.
Operating margin is expected to remain in double digits in Q1 FY27, aided by operating leverage as the business scales.

Honasa's revenue growth is expected to be in the mid-twenties on a reported basis, adjusting for changes in Flipkart's revenue recognition practices.
The Flipkart Group recently changed its reporting guidelines, deducting fulfilment and logistics costs prior to paying Honasa for goods sold.
Honasa's offline business is showing strong growth momentum, with improved in-store execution across both general and modern trade.
The online channel is expected to deliver healthy growth during the period under review.
Honasa's operating margin is expected to remain in double digits in Q1 FY27, aided by operating leverage as the business scales.

Honasa Consumer is a digital-first house of brands catering to the diverse needs of millennial customers.
The company has 8 unique brands across beauty and personal care, including Mamaearth, The Derma Co., Aqualogica, Lumineve, and Staze.
Honasa has made strategic acquisitions to strengthen its portfolio, including BBlunt, Dr Sheth's, and Reginald Men.
The company has a strong commitment to sustainability and is focused on disruptive innovation and R&D engines.
Honasa's omni-channel presence spans 750+ districts across India.
The company's revenue grew 15.7% to ₹2,391.9 Cr during the fiscal year ended March 2026.
Honasa's net profit zoomed 177.6% to ₹69.4 Cr in Q4 FY26.

Honasa aims to double its FY31 revenue to over ₹5,500 Cr by FY31.
The company plans to scale its offline distribution network from about 1.2 Lakh outlets to more than 3 Lakh outlets.
Honasa is targeting over ₹1,500 Cr annual revenue for The Derma Co by FY31.
The company plans to build at least two additional brands with annual revenue of more than ₹500 Cr each.