Honasa Consumer Q2 FY26 Earnings Results: Mamaearth Parent Posts ₹39 Crore Profit, Revenue Up 16.5% YoY

Honasa Consumer Ltd, the parent company of Mamaearth and The Derma Co, announced a strong performance for the second quarter of FY26. The company reported a profit of ₹39.23 crore, compared to a loss of ₹18.57 crore in the same period last year. However, profit slightly declined 5% sequentially from ₹41.32 crore in Q1 FY26.

Revenue and Operational Growth

Revenue for the July–September quarter rose 16.5% year-on-year (YoY) to ₹538.1 crore, up from ₹461.8 crore in Q2 FY25. Though sequentially lower than the ₹595.25 crore posted in Q1 FY26, the growth reflects Honasa’s consistent expansion across key categories.

Category Wins and Brand Leadership

Honasa’s focus categories contributed over 75% of total revenue, showcasing the success of its category-first strategy. According to CEO Varun Alagh, Mamaearth regained growth momentum, leading the face cleanser segment with a 123 bps market share gain. Meanwhile, The Derma Co. was recognised as India’s No. 1 sunscreen brand by Euromonitor, crossing an annual revenue run rate (ARR) of ₹750 crore.

Expanding Distribution Network

The company also strengthened its offline presence, with a 35% increase in direct outlets billed during H1 FY26. Younger brands under the Honasa portfolio grew over 20% YoY, reflecting rising consumer engagement across India.

Read More, IndiGo Share Price Gains 3% on Nov 6 as Operational Performance Remains Steady in Q2 FY26 Results!

Acquisition of Couch Commerce

Honasa announced it will acquire a 25% stake in Couch Commerce Private Limited for up to ₹10 crore. Couch Commerce owns the Fang Oral brand, focused on teeth whitening and oral wellness. The company reported ₹3.14 crore in FY25 revenue and an ARR of ₹7 crore for FY26. The acquisition is expected to close within four weeks of signing definitive agreements on November 12, 2025.

Honasa Consumer Share Price Movement

Honasa Consumer share price (NSE: HONASA) closed at ₹283.95, rising 3.31% on November 12, 2025. The stock opened at ₹279.90 and moved between an intraday high of ₹291.00 and a low of ₹276.30. The company has a market capitalization of ₹9,240 crore and a price-to-earnings (P/E) ratio of 126.51, indicating strong investor confidence in its growth potential. Honasa Consumer does not currently offer a dividend yield. Over the past year, the stock has traded between a 52-week high of ₹387.70 and a 52-week low of ₹197.51.

Conclusion

Honasa Consumer’s Q2 FY26 results highlight a strong comeback, marked by solid revenue growth, a return to profitability, and strategic expansion. With category leadership, deeper market penetration, and the Fang Oral acquisition, the company continues to strengthen its position in India’s growing FMCG sector

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