Brands
Honasa expects revenue growth in the thirties for Q1 FY27
Mamaearth targets high-teen growth as younger brands set to grow in early forties
MUMBAI: The beauty business isn’t just glowing, it’s gathering pace. Honasa Consumer, the parent company of Mamaearth, expects revenue growth in the thirties during the April–June quarter of FY27, signalling sustained consumer demand across its beauty and personal care portfolio despite an increasingly competitive market.
In its quarterly business update, the company said Mamaearth, its flagship brand, is on track to deliver high-teen year-on-year growth in the first quarter, supported by continued consumer traction and an expanding offline distribution network.
The company’s younger brands are expected to grow even faster, with revenue projected in the early forties, reflecting rising consumer adoption across its emerging portfolio.
Offline retail continued to power growth during the quarter. Honasa said both General Trade and Modern Trade maintained strong momentum, driven by the expansion of its direct distribution network and stronger in-store execution across retail formats. The company added that its online business is also expected to record healthy growth during the period.
Alongside revenue growth, Honasa expects to maintain a double-digit operating margin in the first quarter of FY27, benefiting from operating leverage as the business continues to scale.
The optimistic outlook builds on a strong FY26 performance. The company reported consolidated revenue of Rs 2,391.9 crore, up 15.7% from Rs 2,066.9 crore in FY25, while profit after tax surged 175.4% to Rs 200.2 crore from Rs 72.7 crore a year earlier.
Momentum had already begun building in the first quarter of FY26, when Honasa posted a net profit of Rs 40.2 crore, compared with Rs 25.96 crore in the corresponding period last year. Revenue for the quarter rose 19.3% to Rs 554.1 crore, up from Rs 464.5 crore.
With offline expansion gathering speed, digital channels continuing to perform and newer brands outpacing the flagship portfolio, Honasa appears to be banking on a broader growth engine as it heads into FY27.
