Honasa Consumer Reports Q2 Net Profit of ₹73.24 Crore, Revenue Rises 36%

NEW DELHI: Honasa Consumer Ltd has announced its financial results for the September quarter, posting a consolidated net profit of ₹73.24 crore. This represents an increase of 86.7 per cent compared to the ₹39.2 crore recorded in the corresponding period of the previous fiscal year.

The company's consolidated revenue from operations grew by 35.9 per cent to ₹731.18 crore during the quarter.

Varun Alagh, Chairman, CEO, and Co-founder of Honasa Consumer Limited, stated that the company's focus categories grew by over 40 per cent, now contributing more than 80 per cent of the business. He pointed to strong momentum across General Trade, Modern Trade, and eCommerce channels.

According to the company, flagship brand Mamaearth has maintained growth in the high-teens, while The Derma Co continues to scale profitably. Honasa’s younger brands registered a year-on-year growth of over 45 per cent.

On the retail and distribution front, Honasa Consumer expanded its offline footprint to approximately 3.2 lakh outlets through sharper execution in General Trade. Meanwhile, Modern Trade recorded year-on-year offtake growth of over 40 per cent.

Ghazal Alagh, CIO and Co-founder of Honasa Consumer, highlighted the company's product innovation strategy. She noted recent offerings such as Mamaearth's Kulhad Chai Tinted Lip Balm, developed in collaboration with Chaayos, and Dr. Sheth’s Collagen & Vitamin C Overnight Moisture Wrapping Mask, aimed at addressing evolving consumer preferences.

"Honasa Consumer's latest quarterly performance demonstrates the scalability of digitally native consumer brands when they successfully transition into omnichannel distribution. Achieving strong growth across both flagship and emerging brands while expanding offline retail reach to over 3 lakh outlets indicates effective execution. For the broader Indian consumer startup ecosystem, this highlights the importance of balancing core brand sustainability with continuous product innovation across diverse retail channels." — Dr. Shishir Gupta, Founder & CEO, StartupLanes