Honasa Consumer expects strong Q1 growth, led by Mamaearth

Beauty and personal care company Honasa Consumer, parent of Mamaearth, expects a strong start to FY27. In a stock exchange filing, the company said it anticipates revenue growth in the thirties on a year-on-year basis in the June quarter, driven by sustained demand across its key categories.

On a reported basis, however, the company expects revenue growth in the mid-twenties, due to a change in revenue recognition by the Flipkart group, which has impacted how marketplace sellers such as Honasa account for revenue.

Flagship brand Mamaearth gathered pace during the quarter and is expected to post year-on-year growth in the high teens, helped by stronger consumer demand and continued expansion of its offline distribution network, Honasa Consumer said.


Meanwhile, the company's portfolio of younger brands, including The Derma Co., Aqualogica, BBlunt, Dr. Sheth's, Staze, Lumineve and Reginald Men, continued to outperform and is projected to deliver growth in the low forties during the quarter.

Honasa Consumer reported strong March quarter earnings with profit and operating performance more than doubling over the previous year, driven by continued momentum in its core brands and improving offline distribution.

The company reported its highest-ever quarterly revenue of Rs 682 crore in Q4 FY26, registering year-on-year growth of 28%.