Source: CNBCTV18
Honasa Consumer Ltd, the parent company of Mamaearth, reported mixed results for the March quarter of FY25, as margin pressures weighed on profitability despite steady topline growth.
Net profit declined 17.8% year-on-year to â¹25 crore, compared to â¹30 crore a year ago. Revenue, however, grew 13.3% YoY to â¹533.5 crore, up from â¹471 crore, reflecting continued demand momentum across its brand portfolio.
EBITDA fell 18.5% YoY to â¹26.9 crore, while operating margin narrowed to 5% from 7% in the same quarter last year.
Commenting on the performance, Chairman and CEO Varun Alagh said FY25 was a year of âlearnings, focus, and disciplined execution,â highlighting the companyâs strategic pivot and strong growth in newer brands. According to NielsenIQ data, Mamaearth has gained market share across key categories and entered the top five in the face wash segment.
The Derma Co. crossed â¹100 crore in annualised revenue run-rate from offline channels, while younger brands delivered over 30% YoY growth.
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Honasa also expanded its retail footprint to 2.36 lakh outlets, with direct distributor contribution jumping to 71% in Q4 from 38% in FY24.
Shares of Honasa Consumer ended 1.76% higher at â¹275.15 on the BSE ahead of the earnings announcement.
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