Mamaearth's parent Honasa grows profit 87% to ₹73 crore
The D2C beauty company behind Mamaearth posted strong September-quarter numbers, with revenue up 36%.
- Profit: ₹73.2 crore (+86.7%)
- Revenue: ₹731 crore (+36%)
- Expenses: ₹652 crore (+29%)
What happened
Honasa Consumer, the listed company behind Mamaearth, reported a net profit of about ₹73.2 crore for July–September 2026 (Q2 FY27). That's up 86.7% from ₹39.2 crore a year ago.
Revenue from operations rose about 36% to ₹731 crore, while expenses grew a slower 29% to ₹652 crore. When costs grow slower than sales, more of each rupee turns into profit.
The fine print
Compared with the previous quarter, things cooled a bit: profit was about 19% lower than April–June's ₹90.4 crore, and revenue slipped around 3%. Beauty companies often see a softer monsoon quarter.
Expenses still came to about ₹652 crore, so margins remain thin by FMCG standards. The company will need to keep sales growing faster than costs for this to last.
Why it matters
Two years ago Honasa was the cautionary tale of Indian D2C. In late 2024 it reported a quarterly loss and its share price crashed. This quarter shows how far it has come: profit nearly doubled while sales grew by a third.
These results add to a growing story: profitable consumer brands built online are now standing on their own in the stock market.
For shoppers, it mostly means Mamaearth is here to stay. For other D2C founders, it's proof that the market rewards profits more than hype — Honasa was one of the first new-age consumer brands to list on the stock market in 2023.
