Honasa Consumer shares jumped up to 11% following exceptional Q4 FY26 results. The company reported a consolidated net profit of ₹69.43 crore for the January-March quarter, representing a more than two-fold increase from ₹24.97 crore in the year-ago period. According to regulatory filings, revenue from operations rose 23.15% to ₹657.08 crore in the fourth quarter from ₹533.56 crore a year ago. The company achieved its highest-ever quarterly revenue on a year-on-year basis along with its highest-ever EBITDA of ₹77 crore. EBITDA margin expanded significantly to 11.7% during Q4 FY26, compared to 5.1% in Q4 FY25, with EBITDA growing over 185% YoY from ₹27 crore in the previous year.
Brokerage firm Jefferies maintained a 'Buy' rating on the stock with a target price of ₹565, stating that Honasa Consumer was "firmly on a strong growth path" after going through a challenging phase during distribution realignment. As reported by Jefferies, performance improved further in Q4, led by mid-teens growth in Mamaearth, strong momentum in younger brands and record margin levels. The company's guidance of high-teens revenue growth along with 100 basis points annual EBITDA expansion indicates a long-term compounding story.
The company's board approved its maiden final dividend of ₹3 per equity share for FY26, amounting to 51.2% of FY26 standalone profit after tax. The dividend, if approved by shareholders at the Annual General Meeting, will be paid within 30 days of the AGM. Additionally, the board approved the re-appointment of Subramaniam Somasundaram as an Independent Director for a second five-year term from February 11, 2027, to February 10, 2032, subject to shareholder approval. Shares of Honasa Consumer ended at ₹359.00, up by ₹1.95 or 0.55% on the BSE.
In Q4 FY26, Honasa Consumer strengthened its offline distribution ecosystem, with 1.2 lakh outlets billed directly through distributors during FY26. According to the company, its younger brands grew 40% year-on-year in FY26, maintaining momentum across online and offline channels. The Derma Co continued to report strong growth across channels while maintaining a double-digit EBITDA profile. Focus categories grew over 35%, with growth reported across all key channels. Mamaearth continued to gain market share across key categories, according to NielsenIQ, with the company delivering teen growth in Q4 FY26. In its first quarter of consolidation, Reginald Men crossed an ARR of ₹100 crore+, doubling its revenue year-on-year, with Hero SKUs growing 2x+ faster than the brand.
Varun Alagh, Chairman and CEO & Co-founder, stated that FY26 was a year of strengthening the core and building a more resilient growth engine, with the company delivering three consecutive quarters of more than 20% growth. "This year, we also announced our first-ever dividend, reflecting the confidence we have in the long-term strength and direction of the business," Alagh noted. The momentum is now visible across brands and channels, with newer launches like Rice Face Wash and Rosemary Anti-Hair Fall Shampoo continuing to scale meaningfully. CLSA retained an ''Outperform'' rating on the stock with a target price of ₹434, highlighting that the company reported 23% year-on-year revenue growth in the quarter with volume growth at 30%.
