Honasa Consumer, the parent company behind Mamaearth, has delivered a strong financial performance in Q2 FY26, marking a significant turnaround for the beauty and personal care giant. The company reported a net profit of ₹39 crore for the quarter, a clear recovery from the loss it posted during the same period last year. This positive shift shows that Honasa’s strategy of disciplined spending, stronger market presence, and sharper brand focus is working effectively. CEO Varun Alagh described this moment as Mamaearth being “back in green,” a phrase that reflects the renewed strength and stability of the company’s flagship brand.
Revenue Growth Gains Momentum
Honasa posted healthy revenue growth during the quarter, driven by improved demand across its skincare and personal care ranges. The company recorded operating revenue of ₹538 crore, rising by about 16 percent compared to last year. On a like-to-like basis, revenue stood even higher at ₹566 crore, which highlights the steady performance of older and newer brands within the portfolio. A key factor behind the company’s profit surge was its ability to keep overall expenses almost flat year-on-year. This approach helped protect margins and resulted in an EBITDA of ₹48 crore with an 8.4 percent margin. The combination of controlled spending and rising sales has placed Honasa on a more stable financial path for the upcoming quarters.
Mamaearth Shows Strong Recovery
Mamaearth played a significant role in Honasa’s return to profitability. The brand registered growth across several key product categories, especially in face cleansers, where it gained notable market share. Popular offerings such as the Rice Face Wash entered the company’s list of products achieving over ₹100 crore in annualised revenue. The strong acceptance of these products reflects the brand’s ability to understand consumer needs and launch high-performing solutions. Alongside Mamaearth, The Derma Co continued to expand rapidly, achieving ₹750 crore in annual recurring revenue. It also strengthened its position in the sunscreen segment, emerging as one of the leading brands in the category. These performance numbers clearly indicate that consumers are responding positively to Honasa’s diverse and science-backed product portfolio.
Innovation and Brand Expansion Deliver Results
Honasa’s success in the quarter was also fuelled by its focus on innovation and expansion into new product categories. The company launched Luminéve, a premium night-skincare brand aimed at consumers looking for higher-end beauty solutions. It also entered the premium oral-care market by investing in Fang Oral Care, further strengthening its position in the overall personal care ecosystem. The company’s younger brands performed exceptionally well, registering over 20 percent year-on-year growth. This momentum highlights Honasa’s ability to build new brands while continuing to scale its well-established ones. The balanced mix of innovation, investment, and market expansion has helped the company solidify its position as a fast-growing player in India’s beauty and wellness sector.
Strengthening Distribution and Smarter Spending
Honasa enhanced its distribution network throughout the quarter by expanding its offline presence. The number of stores billed directly by the company increased by 35 percent in the first half of FY26, enabling wider reach in both urban and emerging markets. Despite this expansion, the company managed to slightly reduce its advertising spending while maintaining high visibility and customer engagement. This reflects better planning and more efficient marketing strategies. By optimising distribution and improving spending efficiency, Honasa has established a stronger foundation for sustainable growth.