Honasa Consumer Ltd reports Q3 net profit of Rs 26 crore

Mamaearth parent Honasa Consumer Ltd reported a marginal increase in consolidated net profit to Rs 26 crore ($3 million) in the third quarter ended December 2024, as against Rs 25.90 crore in the year ago quarter.

The company’s revenue for the quarter rose by 6 percent to Rs 518 crore, as against Rs 488 crore in the corresponding quarter of the previous fiscal year.

During the quarter, Honasa under its Project Neev initiative strengthened its offline distribution through direct distributors in 50 tier 1 cities across India.

The company’s key categories that include face wash, shampoo, serums, moisturizer, sun care, and baby care witnessed 18 percent growth in 9MFY25.

New channels like quick commerce performed well growing 200 percent year-on-year in 9MFY25.

Commenting on the results, Varun Alagh, chairman CEO of Honasa Consumer Ltd in a statement said, “Mamaearth continued to expand its market share and household penetration as we refine our playbooks to shape its future growth trajectory. Our emerging brands – The Derma Co., Aqualogica, Bblunt, and Dr Sheth’s delivered 30 percent year-on-year growth.”

“As we scale, our vision remains centred on driving disruptive innovation, deepening offline penetration, and delivering unique value propositions to consumers. We are shaping Honasa to become a house of brands that will not only lead today but also define the future of India’s beauty and personal care landscape,” he added.

Honasa Consumer Ltd owns a range of beauty and personal care brands including Mamaearth, Ayuga, Aqualogica, Bblunt, and The Derma Co among others.