Honasa Consumer, the parent company of Mamaearth, reported a 63% increase in consolidated net profit for the quarter ending June, reaching Rs 40 crore year-on-year from Rs 25.96 crore, showed the stock exchange filing.
Revenue from operations grew 19% year-on-year to Rs 554 crore, up from Rs 464 crore in the previous year’s first quarter.
EBITDA surged 57.9% to Rs 46.1 crore, up from Rs 29.2 crore a year earlier, with margins improving to 8.3%.
The company’s product business saw a 20% rise, supported by a 25.2% increase in underlying volume growth. This strong performance was driven by improved gross profit margins and scale-led efficiencies.
On Friday, shares of Honasa Consumer closed 4.70% lower at Rs 473 per share on the NSE.
Reflecting on Honasa Consumer Limited’s financial achievements and business performance for Q1FY25, Varun Alagh, Chairman and CEO, stated, “Mamaearth continues to win consumer love, driving offtakes and securing a position as the fourth largest face wash brand in modern trade according to Nielsen. Honasa has also captured a strong market share in the face wash category in online while steadily gaining ground offline, driven by its House of Brands strategy and innovation capabilities. Our focus on a data-driven, consumer-centric strategy has led to a remarkable 9% contribution from new products to our revenue, while our partnerships, like with Dr. Vanita Rattan to launch ‘Skin Renew by Dr. V’ range in The Derma Co, are enhancing our premium positioning in the actives category.”
“As we transition to a more direct distribution model, we are well-positioned to sustain and accelerate our growth trajectory. By leveraging our unique House of Brands strategy, purpose-driven approach, and strong emphasis on R&D and innovation, we are determined to solidify our leadership in the ever-evolving BPC FMCG segment,” Alagh added.