Honasa Consumer Limited (the parent company of Mamaearth) Latest Updates

Q3 FY26 Financial Performance On February 12, 2026, Honasa reported a 93% year-on-year surge in consolidated net profit, reaching ₹50.2 crore for the quarter ended December 31, 2025. Revenue from operations grew by 16.2% to ₹601.5 crore, which the company noted as its highest-ever quarterly revenue. Profitability was bolstered by a significant expansion in the EBITDA margin, which jumped to 10.9% from 5% in the same period last year. Strategic Acquisitions and Partnerships The company recently announced the acquisition of a 95% stake in BTM Ventures Private Limited (which owns the Reginald Men brand) for approximately ₹198 crore. This move marks Honasa's entry into the specialized men’s grooming market. Additionally, it invested roughly ₹10 crore for a 25% stake in Couch Commerce Private Limited, establishing a new joint venture to enhance its digital commerce capabilities. Distribution and Operational Overhaul Under "Project Neev," Honasa has completed its transition to a direct distribution model across the top 50 cities. By removing the "super stockist" layer and replacing them with high-quality Tier 1 distributors, the company aimed to improve retail servicing. As of December 2025, total distribution expanded to 2.7 lakh outlets (a 25% YoY increase), with direct outlet coverage crossing the 1 lakh milestone. Brand Performance and Innovation The flagship brand Mamaearth returned to double-digit growth this quarter. Younger brands in the portfolio, such as The Derma Co. and Aqualogica, continued to scale rapidly with over 25% growth. The company highlighted the strong performance of new and re-innovated products, including the Mamaearth Rice Face Wash and BBlunt Intense Moisture Shampoo, which it states are gaining market share against international benchmarks.