Honasa Consumer Q1 Results: Mamaearth parent posts record profit of Rs 90 crore; revenue up 27% YoY

Beauty and personal care company Honasa Consumer, the parent of Mamaearth, reported its highest-ever consolidated profit after tax (PAT) of Rs 90 crore in the first quarter of FY27.

The company’s PAT jumped 116.5% YoY from Rs 41 crore in the year-ago period. PAT margin stood at 11% in Q1FY27 against 6.9% reported in the Q1FY26, according to the company’s exchange filing.

Revenue from operations also reached a record Rs 756 crore, rising 27% from Rs 595 crore in Q1FY26.


Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 140.7% YoY to Rs 110 crore from Rs 46 crore a year ago. EBITDA margin improved to 14.6% in Q1FY27 from 7.7% in Q1FY26.

Shares of Honasa Consumer ended Thursday’s session on August 13 at Rs 481.20 on the BSE, up 2.84% from the previous close.

Key highlights

Honasa Consumer said its focus categories grew more than 35%, driven by strength across key channels.

Mamaearth accelerated to high-teens growth, led by its focus categories. Rice Dewy Bright became the company’s No. 1 face cleanser, while Rosemary became the second Rs 100 crore-plus annual recurring revenue (ARR) hair ingredient after Onion.

The Derma Co. posted Rs 1,000 crore in net sales value (NSV) ARR and entered the Teens EBITDA Club. Face cleansers crossed Rs 200 crore ARR, making Honasa the only FMCG company in India to build two Rs 1,000 crore brands in the last 10 years, the company said.

Younger brands grew more than 40%, supported by traction across Gen Z innovation, premium serums, men’s skincare, hair colour and sunscreen.

BTM Ventures crossed Rs 150 crore ARR and has grown more than two times since its acquisition. The business also expanded beyond its South India stronghold into Maharashtra, newer channels and categories.

Offline distribution continued to scale, with both General Trade and Modern Trade growing more than 40%. Outlet coverage crossed around 3 lakh FMCG retail outlets.

Honasa Consumer also entered the fragrance category with FIKN, which it described as India’s first elixir brand, targeting a large and underpenetrated category.


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Management commentary

Commenting on the results, Varun Alagh, chairman, CEO and co-founder of Honasa Consumer, said the company entered FY27 with a focus on building on the momentum created in the second half of FY26.

“Q1 has reinforced that the strategy is working,” Alagh said, adding that growth was coming from both core and younger brands.

“Our Focus Categories grew 35%+, and we are seeing stronger demand across General Trade, Modern Trade and eCommerce. This is the playbook we set out to build, and it is now translating into performance,” he said.

Alagh said the next phase would focus on taking this strength into new categories.

“With FIKN, we enter fragrance with India’s first elixir brand, tapping into a large, underpenetrated category in India with potential to build a differentiated proposition,” he said.

The focus, he added, is to build a future-ready House of Brands by staying close to the core, sharpening category playbooks and maintaining discipline on capital allocation and talent density.

“At the heart of it, we want to keep building brands that solve real consumer needs and earn lasting consumer trust,” Alagh said.