Honasa Consumer

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹135 Cr against ₹1,411 Cr of shareholders' money (Mar 2026), 0.1 times.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 27% and profit rose 120% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 35% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 55.8 times its yearly earnings (P/E), cheaper than 98% of the time in the last 3 years. Its usual P/E is about 109.

Honasa Consumer against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)55.8 against a typical 33.9: pricier than most peers (1st = cheapest).15th of 22
• Sales growth+27.1% against a typical +14.9% from a year earlier.4th of 15
• Profit growth+119.5% against a typical +8.9% from a year earlier.3rd of 13
• Share price, 3 months+0.1% against a typical −7.5%.6th of 19
• Size₹ 14,045.4 Cr. market value against a typical ₹ 188.1 Cr. (1st = largest).5th of 19

Exchange filings and their impact on the company.

• 23 Oct 2026UpdatesLow impactPositivePrice −2.4% that day
  Honasa promoted insider Vipul Maheshwari to lead product and AI, a continuity move with small efficiency upside.

  Honasa Consumer elevated Vipul Maheshwari, with the company for six years, to Chief Product and Technology Officer on October 23, 2026. He will lead product, technology, engineering and analytics with a mandate to advance AI-led transformation and agentic AI workflows. The move signals continuity and focus on AI-driven efficiency as Honasa scales its seven beauty and personal care brands, with no immediate financial impact disclosed.

  Full analysisFiling
• 6 Oct 2026UpdatesHigh impactVery positivePrice +8.2% that day
  Q2 FY27 set for ~30%+ sales growth with double-digit margins, extending strong momentum.

  Honasa Consumer said Q2 FY27 is expected to be another robust quarter with net sales value growth in the early-thirties year-on-year. Its largest brand Mamaearth is expected to grow high-teens while younger brands like The Derma Co., Aqualogica and Dr. Sheth's are expected to grow around mid-forties, led by strong offline growth in general and modern trade. The company also expects an early double-digit operating margin with strong year-on-year improvement, building on Q1 FY27 momentum.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Varun Alagh

Executive Chairman of the Board, Chief Executive Officer, Co-Founder

Ghazal Alagh

Co-Founder, Whole Time Director, Chief Innovation Officer

Raman Preet Sohi

Chief Financial Officer

Gaurav Pandit

Company Secretary & Compliance Officer