Honasa Consumer, the parent company of Mamaearth, expects to post a 30% year-on-year growth in its operating revenue for the quarter ended June 30, 2026 (Q1 FY27), driven by momentum in its key product categories. On a reported basis, the company anticipates mid-twenties growth due to changes in Flipkart Group’s reporting guidelines affecting revenue recognition, according to an exchange filing cited by inc42.com.
The revised reporting method by Flipkart now deducts fulfillment and logistics costs before paying Honasa, whereas earlier the entire order value was counted as revenue before expenses. Mamaearth, Honasa’s major brand, is expected to deliver high-teen percentage growth in the quarter, supported by sustained customer demand and expanded offline distribution. Honasa highlighted strong growth in its offline business through improved in-store execution and wider direct distribution in general trade, alongside healthy growth in online channels.
This growth trajectory follows Honasa’s strong financial performance in the previous quarter, where consolidated net profit surged 177.6% to ₹69.4 crore from ₹25 crore year-on-year in Q4 FY26. Operating revenue for that quarter rose 23.1% to ₹657.1 crore from ₹533.6 crore in Q4 FY25, with a quarterly increase of 9.2%. The company’s scaling across channels has also contributed to maintaining a double-digit operating margin profile in Q1 FY27, reflecting improved operational efficiency.
For the fiscal year ended March 2026, Honasa Consumer recorded significant revenue growth, underscoring the company’s expanding market presence. The company’s focus on strengthening both online and offline channels positions it to sustain growth momentum in the competitive personal care segment, as detailed in its latest exchange filing.