CONNECT WITH US
Tech

Tech

Mamaearth parent Honasa's Q2 net profit rises 87%

YourStory - Demo logo

Published on

Add as a preferred source on Google
Mamaearth parent Honasa's Q2 net profit rises 87%

Honasa Consumer, the parent company of beauty & personal care brand Mamaearth, registered an 87% year-on-year (YoY) rise in net profit for the second quarter of the current fiscal, while revenue rose 36% driven by strong growth across categories.

The company reported a net profit of Rs 73.24 crore in Q2FY27, compared with Rs 39.22 crore in the similar period of FY26. Revenue during the quarter was Rs 731.18 crore, compared with Rs 538.06 crore a year ago.

According to Honasa Consumer, the second quarter revenue growth is the highest it has recorded since its public listing in November 2023.

However, sequentially, profit fell from Rs 90.44 crore in the first quarter. Revenue in the first quarter was Rs 755.94 crore.

CEO Varun Alagh said, “At the brand level, each business is writing its own growth story. Mamaearth has sustained its high-teens growth, The Derma Co. continues to grow profitably. Our Younger Brands grew over 45% YoY, reflecting highlighting the potential of our emerging portfolio.”

He added that each brand has a distinct consumer, proposition and opportunity and the goal is to build a sustainable business in each category.

The omnichannel channel retailer noted that its offline business saw growth, with general trade expanding to over 3.2 lakh outlets and modern trade (large-format retail outlets) recording a 40% YoY growth in offtake.

“As we enter the next phase of growth, we will continue to push the boundaries of innovation, deepen our presence in core categories, and make our products accessible to more consumers across channels,” said Ghazal Alagh, CIO & Co-founder, Honasa Consumer.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.