The company reported a like-for-like (LFL) revenue from operations of Rs 566 crore in Q2FY26, reflecting a 22.5% year-on-year growth. Operating revenue stood at Rs 538 crore, up 16% year-on-year. The strong topline performance was driven by growth in focus categories and sustained product innovation.
Honasa’s earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter stood at Rs 48 crore, translating to an EBITDA margin of 8.4%. Gross profit margins improved to 71.9%, underscoring the company’s efficiency in managing input costs and operating leverage.
According to the company’s regulatory filing under SEBI’s LODR Regulations, Q2FY26 witnessed consistent growth momentum across key verticals. Mamaearth’s product lines, particularly face cleansers, saw continued share gains as per NielsenIQ data. The Rice Facewash product entered the Rs 100 crore ARR club, joining other successful products like Ubtan and Vitamin C-based offerings.
Total expenses for the quarter were reported at Rs 505 crore. Key cost components included Rs 158 crore spent on traded goods, Rs 60 crore on employee benefits, and Rs 272 crore on other expenses.
Honasa also highlighted strong growth in volume-led segments, with its UVG (Underlying Volume Growth) holding steady at 16.7% in Q2. Younger brands in the portfolio saw over 20% year-on-year growth, reflecting momentum across focus categories.General trade distribution expanded significantly, with a 35% year-on-year increase in direct outlets billed during the first half of FY26. The company continued to strengthen its premiumisation strategy through product innovations and collaborations such as BBlunt x Tarini, Dermasoft Baby Range, and prestige relaunches of Dr. Sheth’s serums.“As we look ahead, we’re expanding into new and fast-growing segments. With Luminéve, our first prestige skincare brand launched exclusively on Nykaa, we’ve entered the premium skincare space with a focus on night skincare and deep repair powered by global ingredient science. We’ve also invested in Fang, a prestige oral care brand focused on teeth whitening and everyday oral wellness, as we work towards shaping the future of oral beauty in India. Beyond business, we continue to create long-term impact through the Mamaearth Plant Goodness Initiative. We’ve planted over one million trees so far and are committed to reaching two million by 2030. Our focus remains on scaling Honasa as a House of Purposeful Brands, built on innovatin and intent, shaping the future of beauty and personal care in India,” said Varun Alagh, Chairman, CEO & Co-founder, Honasa Consumer.
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