Honasa Consumer posts record revenue and profit driven by expanding brands and new markets

Honasa Consumer more than doubled its net profit in Q1 FY27, driven by strong demand across its brands, expansion into fragrances, and increased offline distribution, signalling robust growth momentum for the year.

Honasa Consumer said its first-quarter profit more than doubled from a year earlier as the beauty and personal care group posted its strongest quarterly revenue to date. The parent of Mamaearth reported net profit of Rs 90.44 crore for the quarter ended June 30, up from Rs 41.32 crore a year earlier, while revenue rose 27% to Rs 756 crore from Rs 595 crore, according to the company.

Chief executive Varun Alagh said the results showed that the business is carrying momentum into FY27 after a stronger second half of FY26. Speaking about the quarter, Alagh said the company had delivered record revenue and profit, with growth supported by both its established labels and newer brands.

Honasa said Mamaearth grew in the high teens, while The Derma Co reached Rs 1,000 crore in annual recurring net sales value. Its younger brands expanded by more than 40%, helped by stronger demand among Gen Z consumers, and the company said focus categories grew by more than 35%. Offline distribution also remained a key driver, with general trade and modern trade both growing by more than 40% and total retail reach passing 300,000 FMCG outlets. Before the earnings update, market reports had pointed to similar expectations, including around 30% revenue growth for the quarter and double-digit operating margins.

The company has also pushed beyond its core labels, entering the fragrance market with FIKN as it works to build what Alagh described as a future-ready house of brands. Honasa said the strategy rests on tighter category focus, disciplined capital allocation and deeper investment in talent, alongside a wider push to serve consumer demand through online and offline channels.