Honasa Consumer Limited - Quarterly Update: Q1 FY27

This note sets out a brief overview of operating performance for the quarter ended June 30, 2026 (Q1 FY27). A detailed Information Update will be shared after the Board approves the Q1 FY27 financial results.

Opening FY27 on a solid footing, we expect Honasa Consumer Limited (along with its subsidiaries) to deliver a strong performance in Q1 FY27. Our business is expected to deliver strong YoY growth around thirties during the quarter, led by continuous growth momentum across our focus categories.

On a reported basis (adjusting for the change in revenue recognition policy by the Flipkart group), we expect the company to deliver YoY growth in mid-twenties in Q1 FY27.

Our largest brand, Mamaearth, accelerated its growth momentum and is expected to deliver high-teens growth YoY during the quarter powered by increasing consumer affection, along with strengthening offline distribution. Our younger brands continued their strong growth momentum and are expected to deliver growth in early forties.

Our Offline channel continued to be a key growth driver, with General Trade and Modern Trade expected to sustain strong growth momentum, aided by improving direct distribution reach in General Trade and strong in-store execution across both channels. Our Online channel is also expected to deliver healthy growth over the period.

On the margin front, we expect the business to sustain its momentum delivering a double-digit operating margin profile in Q1 FY27, aided by operating leverage from scale.

Shares of Honasa Consumer Limited was last trading in BSE at Rs. 471.35 as compared to the previous close of Rs. 471.55. The total number of shares traded during the day was 31052 in over 1470 trades.

The stock hit an intraday high of Rs. 475.00 and intraday low of 466.50. The net turnover during the day was Rs. 14621054.00.

Source : Equity Bulls

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HonasaConsumer PersonalCare INE0J5401028 Q1FY27 QuarterlyUpdate