Honasa Consumer, parent of Mamaearth, saw its shares jump as much as 13%, reaching a fresh 52-week high after reporting a 177.6% increase in consolidated net profit for Q4 FY26, supported by strong revenue growth and expanding EBITDA margins.
- Q4 net profit rises 177.6% to ₹69.4 Cr
- Revenue grows 23.1% YoY to ₹657.1 Cr in Q4
- Brokerages maintain bullish ratings on stock
What happened
Honasa Consumer’s stock surged to a 52-week high of ₹405.4 on the BSE after reporting a substantial jump in its Q4 FY26 profitability. The consolidated net profit for the quarter stood at ₹69.4 Cr, a 177.6% increase from ₹25 Cr in the same quarter last year. The company’s operating revenue also improved significantly by 23.1%, reaching ₹657.1 Cr during the quarter.
For the full fiscal year FY26, Honasa's net profit grew 175.4% to ₹200.2 Cr, while revenue rose 15.7% to ₹2,391.9 Cr. The company declared a dividend of ₹3 per equity share. Additionally, they recorded their highest-ever quarterly EBITDA of ₹77 Cr, reflecting a 186% increase YoY, underscoring strong operational performance and margin expansion.
Why it matters
This strong financial performance signals Honasa’s robust growth trajectory amid competitive pressures in the Indian consumer personal care market. The significant profit and revenue growth highlights successful strategies including product expansion and improved distribution, notably for its younger brands like The Derma Co., Aqualogica, and Dr Sheth’s which grew more than 40% year-over-year.
Brokerages have responded positively, maintaining ‘Outperform’ and ‘Buy’ ratings with higher target prices reflecting confidence in sustainable growth and margin leverage. The company’s CEO has indicated expectations of double-digit compound annual growth rate (CAGR) over the next five years, driven by category opportunities in personal care segments.
What to watch next
Investors should monitor Honasa’s ability to maintain strong growth momentum across both established and emerging brand portfolios, particularly in the evolving online and offline retail channels. The company’s execution on product innovation and distribution realignment will be key drivers for sustaining its upward trajectory in revenue and profitability.
Market participants will also watch for further margin expansion from operational efficiencies and how Honasa navigates competitive challenges in India’s personal care sector. Brokerages' future updates and quarterly earnings will provide additional clarity on the pace and sustainability of growth amid macroeconomic changes.