Honasa Consumer Q1 Results: Net Profit Rises 2.7%, Margin Contracts

Mamaearth parent Honasa Consumer Ltd.'s net profit rose 2.7% for the first quarter of the financial year 2025-26.

The skincare provider's bottom line climbed to Rs 41.3 crore during the April-June period, against Rs 40.3 crore for the same period last year, according to an exchange filing on Tuesday.

• Revenue up 7.4% at Rs 595 crore versus Rs 554 crore.

• Net profit up 2.7% at Rs 41.3 crore versus Rs 40.3 crore.

• Ebitda down 0.7% at Rs 45.9 crore versus Rs 46.1 crore.

• Margin at 7.7% versus 8.3%.

Honasa opened around 2,40,113 FMCG retail outlets in India as of June 2025, increasing its distribution by 20% year-on-year, according to the investor presentation.

The company's offline stores contributed around 15% to the overall growth while it is widening its reach with more than 9,000 general trade outlets along with 3,400 chemist stores.

During the first quarter, Mamaearth continued to grow in double digit in focused sections including e-commerce, modern trade, general trade. Its distribution remained positive fueled by 50% year-on-year rise in its direct distribution strategy.

Notably, its modern trade also showed a 20% year-on-year growth.

According to Varun Alagh, chairman and chief executive officer and co founder of Honasa Consumer, Mamaearth continues to show sequential improvement, with younger brands growing over 20% year-on-year.

"The Derma Co. sustained strong momentum with face cleansers its third Rs 100 crore+ ARR category after serums and sunscreens." Varun Alagh said.

Shares of Honasa Consumer closed 1.11% higher at Rs 269.30 apiece on the NSE, compared to a 0.4% fall in the benchmark Nifty. The stock has fallen 40.37% in the last 12 months but risen 5.53% on a year-to-date basis.

Out of 13 analysts tracking the company, six have a 'buy' rating, three gave 'hold' and four gave 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 7.2%.