Honasa Consumer Targets ₹5,550 Crore Revenue By FY31, Plans 15% EBITDA Margin As Mamaearth Owner Eyes FMCG Growth
New Delhi, Sep 4: Honasa Consumer Ltd, the owner of beauty brand Mamaearth, expects a two-fold rise in its revenue to Rs 5,550 crore in the next five years by FY31, said its founders on Friday. The company is also hopeful of its Ebitda margin expanding to 15 per cent during the same period. Talking about the future growth path, Honasa Consumer founders Ghazal Alagh and Varun Alagh said they…
New Delhi, September 4: Honasa Consumer Ltd, the parent company behind beauty brand Mamaearth, anticipates a doubling of revenue to ₹5,550 crore by FY31, according to its founders Ghazal Alagh and Varun Alagh. The company also aims for an EBITDA margin of 15% during the same period. Talking about their growth strategy, the founders stated their goal is to become the fastest-growing company in the Indian FMCG sector to achieve the ₹5,000 crore revenue milestone by focusing on well-loved brands among Indian consumers.
Honasa Consumer plans to reach the ₹5,550 crore revenue mark by FY31 through the development of high-demand brands and scaling them rapidly. The founders cautioned that the revenue and margin targets are merely consequences of their mission to identify a need, create a product, scale the brand, and achieve profitability faster than competitors.
They emphasized their focus on categories like face cleansers, shampoos, sunscreens, moisturizers, face serums, lipsticks, and baby care, which currently account for about 80% of revenue, while they explore expanding into new categories within existing and new ones.
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