Honasa Consumer is the parent company of the well-known beauty and personal grooming brand Mamaearth. Honasa Consumer is expecting a healthy year-over-year growth rate in the early-thirties percent range in the second quarter of FY27. Performance highlights that the personal care and beauty company is continuing with its upbeat business momentum it had in the last quarter. In the official corporate communications made in a quarterly update to the stock exchanges, Honasa Consumer stated that it expected this upward trend to be broad-based across its core focus categories and product portfolio.

Sales performance and emerging brands

Its parent brand, Mamaearth, is also the largest revenue contributor and is expected to record high teens YOY net sales value growth for the quarter that ended in September 2026. The company’s expansion is fuelled by increased consumer brand affinity and a strategic omnichannel physical retail expansion agenda, which are supported by the corporate disclosure. 

The Derma Co., Aqualogica, BBlunt, Dr. Sheth’s, Staze, Lumineve and Reginald Men, all younger awareness brands of Honasa Consumer, are projected to register net sales value growth in the mid-forties percentage range year-on-year for the same period, reflecting quick product adoption levels in consumers.

Offline retail channels were instrumental in contributing to this top-line growth, as Honasa Consumer saw growth along this channel in Q2 FY27. Growth is expected to be robust from both general trade and modern trade retail networks. 

This sales channel performance is attributable to the company’s continuing efforts to strengthen the relationship with direct clients in general trade and to operate more efficiently in-store, said the company. Sales from Honasa Consumer’s digital e-commerce channels remained positive all the way through the quarter, creating consistent support across physical and digital consumer touchpoints.

Profitability guidance and stock market reaction

In terms of financial efficiency and profitability, Honasa Consumer expects to maintain an early double-digit operating margin profile in Q2 FY27. The financial forecast demonstrates a significant margin improvement on a year-on-year basis in the reported quarter. 

However, management explained in its regulatory filing that these numbers in the quarterly update are provisional and subject to limited examination by the company’s statutory auditors. Fully completed and audited financial reports for Q2 FY27 will be formally reviewed and approved by the board of directors and will be officially published.

The performance in Q1 FY27 was strong, with operating revenue rising by 27% year-on-year to ₹756 crore and a net profit margin exceeding double the previous year’s figure, at ₹90 crore. 

The company’s growth expectations for the second quarter of FY27 were met with a positive reaction from capital markets. Shares of Honasa Consumer jumped around 5% to ₹465 after the stock exchange filing was made. This price movement brought the total valuation of the beauty company to approximately ₹15,175 crore.

Conclusion

The results of their projections by Honasa Consumer for Q2 FY27 are indicative of steady business expansion and the implementation of their channel strategy for beauty and personal care products. The company is continuing to grow its businesses effectively, with high-teens growth in its flagship Mamaearth brand and growth in its younger brands, as well as growing distribution across general trade.  Honasa Consumer is expected to achieve net sales value growth in the early thirties and favorable early double-digit operating margins, which shows the business’s balanced growth and profitability. This positive market reaction reflects investor confidence in the company’s execution capabilities and forward-looking strategy.