Honasa Consumer Ltd. posted its fourth-quarter results and the parent of Mama Earth saw a slip in its consolidated net profit. Despite this decline in bottom line growth, the company has still beat analysts' estimates.
The net profit of the company was down 17.8% to Rs 25 crore, according to an exchange filing on Thursday, beating the Bloomberg estimate of Rs 16 crore.
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Honasa Q4 Highlights (Consolidated, YoY)
Revenue up 13.3% to Rs 533.5 crore versus Rs 471 crore (Bloomberg estimate: Rs 512 crore)
Ebitda down 17.6% to Rs 27.1 crore versus Rs 32.9 crore (Bloomberg estimate: Rs 17.6 crore)
Margin at 5.1% versus 7% (Bloomberg estimate: 3.4%)
Net profit down 17.8% to Rs 25 crore versus Rs 30.4 crore (Bloomberg estimate: Rs 16 crore)
Honasa Consumer, which raised Rs 350 crore via fresh issue in an IPO last year, has so far utilised Rs 171 crore of the amount.
Mamaearth's strategy shift shows fresh growth with double-digit year-on-year growth in categories across e-commerce and modern trade. This, according to the company, is backed by building leadership in focus categories, optimal media mix modelling and awareness led brand building.
The younger brands continued their growth momentum with over 30% year-on-year growth. The company also highlighted that the Derma Co. hit Rs 100 crore ARR in offline channels, while continuing to lead on top online platforms. The reach is growing for the company's direct distribution-led strategy, with over 1 lakh unique outlets billed in financial year 2025.
Shares of Honasa Consumer closed 1.75% higher at Rs 275.16 apiece on the NSE, compared to the 0.82% decline in the benchmark index Nifty. The scrip rose 7.82% on a year-to-date basis and had declined 35.47% in the last 12 months.
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