Honasa Consumer Q2 EBITDA rises 95% to ₹92.91 crore

Honasa Consumer Limited (NSE: HONASA) HONASA reported second quarter EBITDA of ₹92.91 crore, up about 95% from ₹47.64 crore a year ago. The EBITDA margin rose 386 basis points to 12.71% from 8.85%. What happened: Operating profit nearly doubled in a year. The margin gain of 3.86 percentage points came from scale benefits and tighter costs. Results date: [ADD RESULT DATE]. Why it matters: The company is keeping more profit from each rupee of sales. That gives it room to spend on distribution and brand building without hurting earnings. My view: The year-on-year jump is clear. The quarter-on-quarter picture is less clean. In Q1 FY27, EBITDA was ₹110 crore at a 14.1% margin. Q2 is lower on both counts, and the margin slipped about 1.4 percentage points. This could be seasonal or reinvestment, but the data does not say which. So I read this as a strong yearly improvement, not a steady climb every quarter. A margin that holds above 12% supports the improvement case. Another dip would weaken it. What I am watching: Whether next quarter’s margin stays above 12%. Volume growth in offline general trade. Raw material and packaging costs, and the cost of winning customers online. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.