MamaEarth (Honasa Consumer) Reports Strongest Quarter with Record Revenue and Margins in Q3 FY26 Results

Honasa Consumer, parent company of Mamaearth, reported its strongest quarterly performance in recent periods, driven by record revenue and margin expansion. Revenue rose 16% YoY to ₹601.5 crore, with underlying sales growth of 21% after adjusting for the Flipkart settlement.

EBITDA surged sharply, supported by higher operating leverage and improved cost efficiencies. The company also reported significant gains across its key brands and expansion in distribution reach.

Robust Revenue Growth And Sales Momentum

Honasa Consumer recorded a 16% YoY increase in revenue to ₹601.5 crore. Adjusting for the Flipkart settlement, sales growth stood at 21%, reflecting strong operational momentum.

Like‑for‑like revenue growth was 21.3%, supported by contributions across multiple categories. Underlying volume growth came in at 30.2%, indicating sustained consumer demand and healthy market traction.

Strong EBITDA Performance and Margin Expansion

EBITDA rose 151% to ₹65.5 crore compared with ₹26 crore a year earlier. Margins expanded to 10.9% from 5%, marking a significant improvement in profitability.

Net profit doubled to ₹50 crore, reflecting enhanced operating efficiencies and better revenue mix. This performance represents Honasa’s strongest margin profile in recent quarters.

Brand-Wise Performance Across Portfolio

Mamaearth delivered double‑digit growth during the quarter, continuing its strong brand trajectory. Younger brands under Honasa grew more than 25%, demonstrating scaling potential across emerging segments.

The Derma Co reported double‑digit EBITDA growth, indicating improved operating leverage in the premium skincare category. The company’s multi‑brand strategy contributed meaningfully to overall growth momentum.

Distribution Expansion and Market Reach

Honasa strengthened its offline distribution footprint significantly during the quarter. Direct outlet coverage crossed 1 lakh outlets, supporting wider brand presence across retail channels.

Total distribution expanded over 25% YoY to reach 2.7 lakh outlets, reflecting continued investment in market penetration. This broadened distribution network is expected to support sustained growth across product categories.

Read More: IRCTC Share Price in Focus on Q3 FY26 Earnings Results.

Conclusion

Honasa Consumer delivered its strongest quarterly performance with record revenue and a sharp increase in margins. Growth was supported by robust volumes, strong brand performance and improved operational efficiencies.

The company also strengthened its distribution footprint, enhancing nationwide market reach. These developments contributed to a notable improvement in profitability during the period.

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