Honasa Sales Surge
Honasa Consumer anticipates over 30 percent sales growth in the second quarter of fiscal 2027.
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Honasa said Mamaearth’s projected high-teens growth was supported by rising brand affinity and an expanding offline footprint.
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The younger-brand portfolio includes The Derma Co., Aqualogica, BBlunt, Dr. Sheth’s, Staze, Lumineve and Reginald Men.
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Honasa said its Q2 FY26 comparison base was adjusted for a change in Flipkart group settlement practices affecting marketplace sellers’ revenue recognition; it said reported and like-for-like growth rates are aligned after the adjustment.
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In the preceding Q1 FY27, Honasa’s operating revenue rose 27% year over year to Rs 756 crore, while profit more than doubled to Rs 90 crore.
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Honasa’s shares rose about 5% to Rs 465 in early trading after the projections were reported, putting its market capitalization at roughly Rs 15,175 crore.
Honasa Consumer, the parent company of Mamaearth, expects net sales to grow in the early 30% range year over year in Q2 FY27, according to Business Standard. The flagship Mamaearth brand is projected to grow in the high teens, while younger brands like The Derma Co. and Aqualogica are expected to post growth in the mid-40% range. The company also expects an early double-digit operating margin, marking substantial year-over-year improvement.
Honasa's shares jumped as much as 12% following the provisional operating update, with the stock reaching Rs 493 per share according to Moneycontrol. The gains reflect investor confidence in the company's trajectory, though detailed financial results remain pending board approval and limited auditor review.
Offline Trade Powers Honasa's Expansion
General and modern trade channels remain Honasa's primary growth engine. Deeper distribution and stronger in-store execution are driving the momentum, according to Business Today. Online sales are also expected to continue gaining traction, but brick-and-mortar channels remain the company's largest contributor to expansion.
Mamaearth's High-Teen Growth Backed by Brand Strength
Mamaearth's projected high-teens growth is supported by rising brand affinity and an expanding offline footprint, Economic Times reported. The flagship brand continues to be Honasa's largest revenue driver. Its consistent performance demonstrates the brand's ability to maintain momentum despite competition in the personal care market.
Younger Brands Accelerate Faster Than Flagship
Honasa's portfolio of younger brands — The Derma Co., Aqualogica, BBlunt, Dr. Sheth's, Staze, Lumineve, and Reginald Men — are growing roughly three times faster than Mamaearth. These brands are projected to post mid-40% growth, according to Business Today. The diversified portfolio helps reduce Honasa's dependence on any single brand and spreads risk across multiple segments.
Q1 Performance Sets Strong Foundation for Q2
Honasa's previous quarter showed solid momentum, with operating revenue rising 27% year over year to Rs 756 crore in Q1 FY27. Profit more than doubled to Rs 90 crore during the same period, Economic Times noted. This strong foundation positions the company well for its expected Q2 performance, even as it adjusts for changes in Flipkart marketplace settlement practices that affected revenue recognition in the year-ago comparison base.
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