Honasa Surges Over 11% After Company Projects Early-20s Revenue Growth In Q4
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Shares of Mamaearth parent entity Honasa Consumer jumped 11.49% during the intraday trading to ₹348.75 apiece on the BSE after the company provided a strong Q4 FY26 business update.
In its quarterly business update, the company said it expects to deliver growth in the late twenties in the last quarter of the previous fiscal year (Q4 FY26). Adjusting for the change in revenue recognition policy by the Flipkart Group, Honasa projected growth in the early twenties in the March quarter.
The company’s shares gave up most of the gains and were trading 3.82% higher at ₹325.10 on the BSE at 12:38 IST. Its market capitalisation stood at ₹10,577 Cr (about $1.27 Bn).
Honasa attributed the growth in Q4 to the strong performance of Mamaearth. It said the brand is expected to deliver growth in teens, while its younger brands like The Derma Co., Aqualogica, BBlunt, Dr. Sheth’s, Staze and Lumineve are expected to deliver growth in mid-twenties.
“Our offline channel remained a key growth driver, with general trade and modern trade expected to continue strong growth momentum, supported by improving distribution coverage,” the company said.
It is pertinent to note that Honasa overhauled its offline distribution under ‘Project Neev’ last year to fix bottlenecks.
Notably, March was the first full quarter after Honasa’s acquisition of BTM Ventures Pvt Ltd, the parent of Reginald Men and Molecular Company. Honasa said it expects BTM Ventures to deliver a “strong performance”.
The company acquired a 95% equity stake in the startup via secondary purchase for ₹195 Cr enterprise value on a “no-cash no-debt” basis in December.
Overall, Honasa said it expects to retain its operating profitability in the March quarter.
In the December quarter, Honasa’s net profit surged 93% YoY to ₹50.2 Cr from ₹26 Cr in the year-ago quarter. Operating revenue grew 16% YoY and 12% QoQ to ₹601.5 Cr. Including other income of ₹20.7 Cr, total income for the quarter stood at ₹622.2 Cr.
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