Honasa Soars 13% To Touch 52-Week High After Q4 Profit Nearly Triples
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Shares of Honasa Consumer, the parent of Mamaearth, surged as much as 13% to hit a fresh 52-week high of ₹405.4 on the BSE today after the company reported a sharp jump in profit for Q4 FY26 yesterday which drew bullish commentary from brokerages.
The stock later pared some of the gains amid profit booking and was trading 11.3% higher at ₹400.7 at 12:44 IST. The company’s market capitalisation stood at ₹12,990 Cr (about $1.3 Bn) at the time.
Honasa reported a 177.6% jump in consolidated net profit to ₹69.4 Cr in Q4 FY26 from ₹25 Cr in the year-ago quarter. Sequentially, profit rose 38.2% from ₹50.2 Cr.
Operating revenue rose 23.1% to ₹657.1 Cr during the quarter under review from ₹533.6 Cr a year earlier, while total expenses stood at ₹594 Cr.
The company’s board also declared a dividend of ₹3 per equity share.
For the full FY26, the company’s profit jumped 175.4% to ₹200.2 Cr from ₹72.7 Cr in FY25, while revenue rose 15.7% to ₹2,391.9 Cr.
Honasa said its younger brands — including The Derma Co., Aqualogica, Dr Sheth’s, BBlunt, Staze and Reginald Men — grew more than 40% YoY in FY26 across online and offline channels.
The company also posted its highest-ever quarterly EBITDA of ₹77 Cr in Q4 FY26, up 186% from ₹27 Cr in the year-ago period. EBITDA for FY26 surged 237% YoY to ₹231 Cr.
During the earnings call, CEO Varun Alagh said Mamaearth is expected to deliver double-digit CAGR growth over the next five years, aided by opportunities across categories such as face wash, shampoo and personal care.
Brokerages also turned positive on the stock following the earnings report. CLSA maintained an ‘Outperform’ rating on Honasa with a target price of ₹434, citing growth improvement at Mamaearth, strong traction in general and modern trade, and operating leverage-led margin expansion.
Meanwhile, Jefferies reiterated its ‘Buy’ rating with a target price of ₹565, saying the company has emerged stronger after its distribution realignment phase and returned to a healthy growth trajectory.
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