NSEUpdates6 Oct 2026 · 6 Oct 2026, 09:00 am
Updates
Honasa Consumer Limited · HONASA
✦ AI Summary▲ PositiveResults
Honasa Consumer Limited has provided a quarterly update for Q2 FY2026-27, indicating robust growth in net sales value (NSV) and EBITDA margin improvement, driven by strong traction in focus categories and brands.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Honasa Consumer Limited has informed the Exchange regarding 'Quarterly Update Q2 FY2026-27'.
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HONASA16_06102026090029_QuarterlyUpdateS.pdf
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October 06, 2026
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Symbol: HONASA Scrip Code: 544014
Sub.: Quarterly Update – Q2 FY2026-27
Dear Sir/Madam,
Please find enclosed an update on the operating performance during the quarter ended September
30, 2026 (Q2 FY27).
The aforesaid update will also be hosted on the Company's website viz. www.honasa.in.
Thanking you,
Yours truly,
For Honasa Consumer Limited
Gaurav Pandit
Company Secretary and Compliance Officer
Encl.: As above
Honasa Consumer Limited
Registered Office: Unit No - 404, 4th Floor, City Centre, Plot No 05, Sector-12, Dwarka, New Delhi - 110075
Corporate Office: 10th & 11th Floor, Capital Cyberscape, Sector-59, Gurugram, Haryana - 122102
Email: info@mamaearth.in; Phone: 011 - 44123544 | Website: www.honasa.in
| CIN: L74999DL2016PLC306016 |
Quarterly Update: Q2 FY27
This update provides an overall summary of the operating performance for the quarter ended
September 30, 2026 (Q2 FY27). A detailed Information Update will follow upon Board approval of the
Q2 FY27 financial results.
Q2 FY27 is expected to be another robust quarter for Honasa Consumer Limited (along with its
subsidiaries), building on the momentum established in Q1 FY27. We expect NSV1 YoY growth2 in
early-thirties during the quarter, underpinned by broad-based traction in our focus categories, across
brands.
Our largest brand, Mamaearth, has sustained its growth momentum over the last few quarters and is
expected to deliver high-teens YoY growth2 (NSV1) during the quarter, supported by rising brand
affinity and a widening offline footprint. Our younger brands3 continue to scale on strong traction and
are expected to accelerate their YoY growth2 (NSV1) to around mid-forties.
Offline continues to lead our growth, with General Trade and Modern Trade both expected to post
strong growth, backed by deeper direct distribution in General Trade and sharper execution at the
point of sale. Online is expected to see continued growth momentum during the quarter.
On profitability, we continue to deliver on our goal of EBITDA margin improvement, and we expect
the business to deliver early double-digit operating margin profile in Q2 FY27 as well with strong YoY
gains in the quarter.
1. “NSV” refers to net sales value after returns, taxes, discounts & cancellation.
2.Growth is presented on a like-for-like basis, as base period revenue (Q2 FY26) is also adjusted for the change in settlement
by the Flipkart group, which impacts revenue recognition for marketplace sellers like Honasa. Reported and like-for-like
growth are therefore aligned.
3.Younger brands include The Derma Co., Aqualogica, BBlunt, Dr. Sheth’s, Staze, Lumineve and Reginald Men.
About Honasa Consumer Limited
Honasa Consumer Limited is India’s largest digital-first beauty and personal care company, with a
diverse portfolio of brands. Uniquely positioned to capture growth trends shaping the BPC market,
the company leverages data-driven innovation and a strong omnichannel distribution network. Driven
by purpose, Honasa Consumer Limited is committed to creating a sustainable, consumer-focused
future.
For further information please contact: investorrelations@mamaearth.in
Disclaimer:
• This update for the quarter ended September 30, 2026, is provisional and subject to limited review by the
statutory auditors of the Company. This update is being issued as a voluntary disclosure and does not
constitute financial results or earnings guidance.
• The statements and financials disclosed above may differ from the reported financials to reflect the
underlying business performance. Certain statements in this communication may be forward-looking in
nature within the meaning of applicable laws and regulations. Actual results may differ materially from those
expressed or implied.
• All growth figures are presented on a YoY percentage basis for Q2 FY27.