Honasa Consumer, the parent company of Mamaearth, saw its bottomline squeeze in the March quarter, even as its revenue grew by 13% over last year, according to the filings made with the exchange.
It earned Rs 533.5 crore in revenue from operations during the quarter. Compared to the December quarter, its sales grew by only Rs 16 crore.
The Varun Alagh- and Ghazal Alagh-led company also saw its profit narrow by 18% to Rs 24.9 crore from Rs 30.4 crore reported in the corresponding quarter in the previous year. Even on a quarter-over-quarter basis, it clocked a marginal de-growth from Rs 26 crore in the December quarter.
During the January-March 2025 quarter, Honasa Consumer, which is also the parent company of popular brands like The Derma Co, Aqualogica, Dr Sheth’s, and BBlunt, posted an EBITDA margin of 5.1% helped by improvements in product mix and operational efficiencies.
Besides its flagship brand Mamaearth, Honasa saw its new beauty bets with Aqualogica, Dr Sheth’s and BBlunt yield results, with younger brands clocking 30% growth during the year.
“Our newer brands have also maintained a strong trajectory, growing over 30% YoY in FY25. Notably, The Derma Co. has now crossed Rs 00 Cr ARR from offline channels while continuing to lead across top online platforms,” shared d Varun Alagh, Chairman, CEO and Co-founder, Honasa Consumer in a press note.
Shares of the company closed the day at Rs 275.06, or 1.7% higher, on the NSE.
The omnichannel player recently appointed Karan Bajwa as CHRO and Avinash Dhagat as supply chain head. Earlier this year, its chief business officer Zairus Master resigned from his role citing personal reason.
During the quarter, the company granted 24.16 lakh stock options under its Employee Stock Option Plan (ESOP)- 2018.
Edited by Kanishk Singh
