Honasa Consumer Ltd., the parent company of Mamaearth, has reported a net profit of Rs 39 crore for the quarter ended September 30, 2025 (Q2 FY26), marking a return to profitability after sustained operational improvements. The company had posted a loss of Rs 18.56 crore in the same period last year.
The Gurugram-based beauty and personal care company recorded revenue from operations of Rs 566 crore, a 22.5% year-on-year rise, supported by continued growth across brands and product categories. EBITDA stood at Rs 48 crore, translating to an 8.4% margin, while gross profit margin improved to 71.9%, reflecting better cost management and efficiency gains.
Chairman and CEO Varun Alagh said the results highlight the “strength and consistency” of the company’s growth strategy, adding that Honasa remains committed to scaling its House of Purposeful Brands through innovation and brand building.
Honasa Performance
Mamaearth, the company’s flagship brand, saw renewed momentum with a 123-basis point market share gain in face cleansers, according to NielsenIQ. Its Rice Facewash joined the Rs 100 crore annualised revenue club, alongside its popular Ubtan and Vitamin C ranges.
Meanwhile, The Derma Co. crossed Rs 750 crore in annual recurring revenue (ARR) and was recognised by Euromonitor as India’s No. 1 sunscreen brand for 2024. Emerging brands within Honasa’s portfolio grew over 20% year-on-year, maintaining consistent traction across focus categories.
The company’s unit volume growth reached 16.7%, indicating strong consumer demand. Honasa’s general trade network also expanded, with a 35% increase in direct outlets billed during the first half of FY26, helping strengthen its offline presence across urban and semi-urban markets.
Innovation Drives Growth
Product innovation continues to be a major growth engine for Honasa. During the quarter, the company launched Luminéve, its first prestige skincare brand, exclusively on Nykaa, marking its entry into the premium night skincare category. It also acquired a 25% stake in Fang Oral Care, a luxury oral wellness brand, for up to Rs 10 crore, further diversifying its portfolio.
In terms of expenditure, the cost of product procurement rose to Rs 159 crore in Q2 FY26 from Rs 144 crore last year, accounting for 32% of total costs. Employee benefits increased to Rs 60 crore, while marketing and legal expenses declined by 9% year-on-year, keeping total expenses broadly steady at Rs 505 crore.
For the first half of FY26, Honasa’s consolidated revenue reached Rs 1,133 crore, up from Rs 1,016 crore last year, while profit surged 3.7 times to Rs 80.5 crore, underscoring consistent financial recovery.
Mamaearth Products
Mamaearth, the best-known brand in Honasa’s portfolio, continues to strengthen its position in India’s beauty and skincare market. The brand focuses on natural, science-backed formulations and caters to a growing base of urban consumers seeking sustainable beauty solutions.
Its product range includes face cleansers, moisturisers, shampoos, and baby care essentials, designed to address diverse skin and hair types. Mamaearth’s strong retail distribution, combined with its direct-to-consumer (D2C) strategy, has helped the brand achieve nationwide reach across both digital and offline channels.
Industry analysts believe Honasa’s focus on innovation, category diversification, and omnichannel expansion positions it well to sustain profitability and scale across India’s competitive personal care landscape.
