Honasa Consumer Ltd — earnings calls

Honasa Consumer reported 32% revenue growth in Q1 FY27 with EBITDA of almost Rs 110 crore and PAT of Rs 90 crore, driven by 30.5% volume growth. Management attributed the improvement to a higher mix of profitable B2B channels, operating leverage, seasonality, and a one-time non-recurring opex benefit. The company also launched a new fragrance brand called FIKN and reported growth across Mamaearth, The Derma Co., and its younger brands portfolio.

Honasa Consumer reported Q4 FY26 revenue of INR682 crores, up 28% year-on-year on a like-for-like basis, with EBITDA scaling nearly 2.5x over the prior year to INR77 crores at 11.3% margin. For full year FY26, the company delivered 20% year-on-year growth, tripled its EBITDA to 9.3% margin, and generated INR200 crores of PAT, while announcing its first-ever dividend of INR3 per equity share. Management attributed growth to focus categories, younger brands including the newly acquired Reginald Men, and continued strength in The Derma Co and Mamaearth.