Mamaearth parent company Honasa's Q2 net profit rises 87%

Honasa Consumer, the beauty & personal care brand and parent company of Mamaearth, registered a 87% year-on-year (YoY) rise in net profit for the second quarter of the current fiscal, while revenue rose 36% driven by strong growth across categories.

The company, which operates brands such as Mamaearth, Dermacare, and Aqualogica, reported a net profit of Rs 73.24 crore in Q2FY27, compared with Rs 39.22 crore in the similar period of FY26. Revenue during this period was Rs 731.18 crore, compared with Rs 538.06 crore a year ago.

According to Honasa Consumer, the second quarter revenue growth is the highest it has recorded since its public listing in November 2023.

Honasa Consumer CEO Varun Alagh said, “At the brand level, each business is writing its own growth story. Mamaearth has sustained its high-teens growth, The Derma Co. continues to grow profitably. Our Younger Brands grew over 45% YoY, reflecting highlighting the potential of our emerging portfolio.”

He added that each brand has a distinct consumer, proposition and opportunity and the goal is to build a sustainable business in each category.

The omnichannel channel retailer noted that its offline business saw growth during the seconf quarter, with general trade expanding to over 3.2 lakh outlets and modern trade (large format retail outlets) recording a 40% YoY growth in offtake.

“As we enter the next phase of growth, we will continue to push the boundaries of innovation, deepen our presence in core categories, and make our products accessible to more consumers across channels,” said Ghazal Alagh, CIO & Co-founder, Honasa Consumer.

For the six months of the fiscal year, the company reported a revenue of Rs 1,487.13 crore, a YoY growth of 31%. The net profit for the period was Rs 163.69 crore, a YoY rise of 103%.