Key Financial Highlights (Q2 FY26 Consolidated)
| Metric | Value (Q2 FY26) | Year-on-Year (YoY) Comparison | Key Context |
| Net Profit (PAT) | ₹39.2 Crore | Swung from a Loss | This is a major turnaround from a net loss of ₹18.6 crore in Q2 FY25. |
| Revenue from Operations | ₹538.1 Crore | Up 16.5% | This is an increase from ₹461.8 crore in Q2 FY25. |
| Like-for-Like (LFL) Revenue | ₹566 Crore | Up 22.5% | This adjusted figure accounts for a change in revenue recognition for Flipkart settlements. |
| EBITDA | ₹48 Crore | Swung from a Loss | EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) turned positive from a loss of ₹30.8 crore in Q2 FY25. |
| EBITDA Margin | 8.8% - 8.9% | Significant Improvement | Reflects better cost discipline and operating leverage. |
🌱 Drivers of Growth and Operational Highlights
Core Category Focus: Focus categories, including face cleansers, sunscreen, moisturizers, and haircare, continued to contribute over 75% of the total revenues.
Mamaearth's Performance: The flagship brand, Mamaearth, returned to strong growth and strengthened its position, particularly in face cleansers. The Rice Facewash product entered the ₹100 crore Annual Revenue Run-rate (ARR) club.
The Derma Co. Success: This brand crossed the ₹750 crore ARR milestone and was recognized as India's No. 1 sunscreen brand (Euromonitor CY'24).
Offline Expansion: General Trade distribution deepened significantly, with a 35%+ YoY increase in direct outlets billed during the first half of FY26 (H1 FY26), expanding the offline footprint to over 2.5 lakh FMCG retail outlets.
Younger Brands' Momentum: Other brands in the portfolio (e.g., The Derma Co., Aqualogica, Dr. Sheth's) grew over 20% YoY in Q2.
Strategic Investments: The company has entered the premium skincare space with the launch of its first prestige brand, Luminéve, exclusively on Nykaa, and has invested in Fang, a premium oral care brand.
Cost Management: Total expenses remained largely stable at ₹505 crore, and advertising expenditure was marginally lower compared to the year-ago quarter, supporting the swing to profitability.
💬 Management Commentary
Varun Alagh, Chairman, CEO & Co-founder, Honasa Consumer, highlighted that the quarter reflects the "strength and consistency of our growth playbook" and noted that "Mamaearth back in green" was a strong category win. He also emphasized the strategic expansion into high-growth, premium beauty segments like Luminéve.
This performance marks a successful period for Honasa Consumer, demonstrating significant margin recovery and sustained top-line growth.