Honasa Consumer Ltd, the owner of beauty brand Mamaearth, delivered exceptional financial results in Q1FY27, with consolidated PAT surging 116.5% year-on-year to a record ₹90 crore. As reported by The Economic Times, the company's revenue grew 27% to ₹756 crore, while EBITDA jumped 141% to ₹110 crore. The strong performance was supported by growth across focus categories, brands and offline channels, demonstrating the company's robust operational execution and market expansion strategy.
Honasa Consumer Ltd, the owner of beauty brand Mamaearth, expects a two-fold rise in revenue to ₹5,550 crore in the next five years by FY31, according to founders Ghazal Alagh and Varun Alagh. As reported by NDTV Profit, the company aims to become the fastest-growing company in Indian FMCG to reach the ₹5,000 crore revenue mark. The founders stated their intention to "become the fastest-growing company in Indian FMCG to reach ₹5,000 crore" revenue mark through building brands that are loved by Indian consumers.
The company is also hopeful of its EBITDA margin expanding to 15% during the same period, according to the founders' message to shareholders in the Annual Report. As reported by NDTV Profit, Honasa aims to reach a 15% EBITDA margin, "unlocking a further 500 basis points as mix and scale move our way." The founders emphasized that growth would continue to be anchored around a focused set of categories that currently contribute about 80% of revenue.
Honasa Consumer had reported a total income of ₹475.53 crore for FY26, registering a 15.37% year-on-year growth, as reported by NDTV Profit. The company's latest Q1FY27 results show continued momentum with revenue of ₹756 crore and EBITDA of ₹110 crore, demonstrating the company's ability to scale operations effectively while maintaining profitability.
The founders indicated that growth would continue to be anchored around a focused set of categories including face cleansers, shampoos, sunscreens, moisturisers, face serums, lipsticks and baby care, which currently contribute about 80% of revenue, according to NDTV Profit. The company also looks to expand into "newer partitions within existing and new categories" while maintaining its core focus areas. Over its flagship brand Mamaearth, the founders said that through FY26, it gained both Value Market Share and Share-Amongst-Handlers in Face Cleansers and Shampoos in both General Trade and Modern Trade channels as per NielsenIQ. The company, which was listed in November 2023, operates on a house-of-brands model targeting millennial and Gen Z consumers, owning brands such as Mamaearth, The Derma Co, Aqualogica and Dr Sheth's.
Founded in 2016, the Gurugram-based company operates on a house-of-brands model targeting millennial and Gen Z consumers. The company, which was listed in November 2023, owns brands such as Mamaearth, The Derma Co, Aqualogica and Dr Sheth's. Over the market trend, the founders noted that "discovery has moved to our mobiles, where beauty is found and debated through creators rather than told through mass media communication." They emphasized that consumers are trading up, choosing efficacy and honest ingredients over general-purpose beauty and personal care, and that the path to purchase has fragmented across E-commerce, Quick Commerce and General Trade. The founders stated their intention to "capture the surging online retail wave in India" as "India's online share of retail is still in its early innings and set to roughly double by the turn of the decade."
