Now Reading: Honasa Q1 Profit Doubles To Rs 90 Cr, Revenue Up 27%
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Honasa Q1 Profit Doubles To Rs 90 Cr, Revenue Up 27%
Honasa Consumer, the parent of Mamaearth, reported a consolidated net profit of Rs 90.4 crore for the first quarter of FY27, a 119% jump from Rs 41.3 crore a year ago, according…
The Story in Brief
Honasa Consumer, the parent of Mamaearth, reported a consolidated net profit of Rs 90.4 crore for the first quarter of FY27, a 119% jump from Rs 41.3 crore a year ago, according to Inc42. Operating revenue rose 27% to Rs 755.9 crore. The company recorded its highest-ever quarterly profit, helped by operating leverage. EBITDA more than doubled to Rs 110 crore.
Revenue was reduced by about Rs 29 crore due to a change in Flipkart's settlement mechanism, but absolute profitability was unaffected. On a like-for-like basis, revenue stood at Rs 785 crore, up 31.8%. Younger brands grew over 40%, while Mamaearth grew in the high teens. Honasa's offline distribution network crossed 3 lakh FMCG retail outlets.
The Indian Opinion
The narrative that D2C companies cannot scale profitably after listing looks shaky when Honasa posts a 119% profit jump and 27% revenue growth. But the real test is whether younger brands like The Derma Co and Aqualogica can sustain 40% growth without burning cash. Honasa is betting on a house of brands, not just Mamaearth. Investors should watch if offline expansion and the recent FIKN acquisition add to margins or dilute them. Next quarter's numbers will show if this is a trend or an exception.
Source: inc42.com
This story was synthesised by AI from the source linked above.
