Honasa Shares Jump Over 8% On Strong Q2 Growth Outlook

Shares of Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, surged over 8% to ₹478.20 on the BSE after the company released a positive Q2 FY27 update. By 10:03 IST, the stock had climbed 6.9% to ₹472.35, pushing Honasa's market capitalization to ₹15,368 Cr. In their exchange filing, Honasa forecasted low to mid-thirty percent year-over-year growth in net sales value for the quarter ending September 2026, driven by growth in their focus categories and brands.

They anticipate a low double-digit operating margin with strong YoY improvement as they aim to expand their EBITDA margin. Mamaearth is projected to see high teens NSV growth due to brand penetration and offline expansion, while newer brands like The Derma Co, Aqualogica, and Dr Sheth's are expected to post mid-forty percent NSV growth.

Offshore channels drove Honasa's growth, aided by direct distribution in general trade and improved retail execution. Online channels are also projected to maintain their growth momentum. Honasa's strong Q2 profits, more than doubling to ₹90.5 Cr, were accompanied by 27% YoY revenue growth to ₹755.9 Cr and more than doubling EBITDA to ₹110 Cr.

The company's Q1 FY27 performance saw focus category growth over 35% and younger brands growing over 40%. Honasa recently revamped its offline distribution under Project Neev, which stabilized in 2025, and narrowed Mamaearth's focus to five core categories. The company also sought to diversify through nutraceuticals startup Fluence Pharma, though the acquisition was later called off.