Mamaearth's parent Honasa Consumer reports Q2 profit of ₹73 crore, up 87%, on revenue of ₹731 crore
Honasa Consumer, the company behind Mamaearth and The Derma Co., reported net profit of about ₹73.2 crore for July to September 2026, against ₹39.2 crore a year earlier, on revenue of about ₹731 crore.
Honasa Consumer, the company that owns the Mamaearth and The Derma Co. personal-care brands, reported consolidated net profit of about ₹73.2 crore (unaudited) for the quarter ended 30 September 2026 (Q2 of the financial year 2026-27, called FY27). A year earlier, in Q2 FY26, it was ₹39.2 crore, a rise of about 87% by our arithmetic. Revenue from operations (the money from selling products, before costs) was about ₹731 crore, against ₹538 crore, a rise of about 36%. Net profit is what remains after all costs and tax.
The numbers
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Net profit | ₹73.2 Cr | ₹39.2 Cr | +87% |
| Revenue from operations | ₹731 Cr | ₹538 Cr | +36% |
| EBITDA (operating profit before interest, tax, depreciation) | ₹93 Cr | ₹48 Cr | about +96% |
| Advertising spend | ₹245 Cr | ₹180 Cr | +36% |
- The company’s EBITDA margin (EBITDA as a share of revenue) was 12.7%, against 8.9% a year earlier, according to Storyboard18.
- Net profit as a share of revenue was 10%, against 7.3%, according to Storyboard18.
- Net profit in the previous quarter (April to June 2026) was ₹90.4 crore, according to Whalesbook, so the July to September figure is lower than that quarter’s.
- For the first half of FY27 (April to September 2026), revenue from operations was ₹1,487 crore, against ₹1,133 crore, and profit after tax was ₹164 crore, against ₹81 crore, according to Storyboard18.
What the company said
According to Storyboard18, chairman and CEO Varun Alagh described the quarter’s revenue growth as the highest since the company listed on the stock exchanges. The company said its focus product categories grew more than 40%.
Basis of these figures
The figures are the consolidated (company plus subsidiaries) results in the company’s filing to the stock exchanges on 6 November 2026, together with its investor presentation and press release of the same day. They are unaudited; the statutory auditors have issued a limited review report. The filing gives amounts in ₹ million: revenue from operations ₹7,311.87 million (₹731.19 crore) against ₹5,380.63 million, and profit after tax ₹732.48 million (₹73.25 crore) against ₹392.27 million. The investor presentation gives EBITDA, advertising spend and margins in ₹ crore, rounded. The rises of 87% and 36% are computed from the amounts shown (the presentation gives 86.7% and 35.9%). Amounts are in ₹ crore (1 crore = 10 million). Two secondary reports, Whalesbook and Storyboard18 (both 6 November 2026), were used as cross-checks and agree with the filing.