# Mamaearth parent Honasa Q1 net profit jumps 119% to Rs 90.4 crore

2026-08-13T20:31:59+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Honasa Consumer, the parent of Mamaearth, more than doubled its consolidated net profit to Rs 90.4 crore in Q1 FY27, up 119% year-on-year. Operating revenue rose 27% to Rs 755.9 crore, driven by strong growth across brands like The Derma Co and younger labels. Sequentially, profit grew 30% and revenue 15%. The company recorded its highest-ever quarterly profit and EBITDA, which more than doubled to Rs 110 crore. Honasa said a change in Flipkart’s settlement mechanism reduced reported revenue by Rs 29 crore but did not affect absolute profitability. On a like-for-like basis, revenue stood at Rs 785 crore, up 31.8%. CEO Varun Alagh highlighted that younger brands grew over 40%, and recently acquired brand Reginald Men crossed Rs 150 crore ARR. Brokers Jefferies and Citigroup raised price targets but remain divided on whether the growth momentum can last.

## Coverage

- inc42.com <https://inc42.com/buzz/honasa-q1-profit-more-than-doubles-to-%E2%82%B990-cr-revenue-up-27-yoy/>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/honasa-consumer-q1-jefferies-citi-raise-targets-but-stay-split-on-whether-growth-can-last-11907914>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/honasa-consumer-q1-jefferies-citi-raise-targets-but-stay-split-on-whether-growth-can-last-11907914#publisher=newsstand>

Tags: beauty personal care, D2C brands, Honasa Consumer, Mamaearth, profit, Q1 results
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