Honasa Consumer registers 119% rise in net profit for Q1 of FY27

Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, reported a remarkable 119% increase in net profit for the first quarter of fiscal year 2027. Revenue for the period also saw a significant 27% rise. The company's net profit for Q1 FY27 was Rs 90.44 crore, compared to Rs 41.32 crore in the same period last fiscal year. The company's revenue reached Rs 756 crore, up from Rs 595 crore a year earlier.

CEO Varun Alagh attributed the strong performance to the company's strategy of building on the momentum from the second half of the previous fiscal year. He noted that the company's growth is driven by both its core and younger brands. The focus categories expanded by 35% or more, and Honasa Consumer is witnessing robust demand across general trade, modern trade, and e-commerce channels.

The company's flagship brand, Mamaearth, saw growth in the high-teens, while The Derma Co reported Rs 1,000 crore in net sales value based on annual recurring revenue. Younger brands are growing at a rate of more than 40% with sustained traction among Gen Z.

Honasa Consumer, which employs an omnichannel model, reported a growth of over 40% in offline channels, including general trade and modern trade. The company's product coverage exceeded three lakh FMCG retail outlets. The brand also ventured into the fragrance category with FIKN, an elixir brand, aiming to tap into a large but underexplored category.

The CEO emphasized the company's commitment to building a future-ready House of Brands by staying close to core offerings, refining category strategies, and maintaining discipline in capital allocation and talent density. Ultimately, Honasa Consumer aims to create brands that address genuine consumer needs and earn enduring trust.