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Honasa Consumer Ltd. has announced that for the quarter ended December 31, 2024, the company’s revenue stood at Rs 517.5 crore, reflecting 6% YoY growth from Rs 488.2 crore, signalling growth momentum. On a QoQ basis, this number grew by 12% from Rs 461.2 crore in Q2.
The beauty and personal care House of Brands registered a Profit After Tax (PAT) of Rs 26 crore, which saw almost no growth from the PAT of Rs 25.9 crore in previous fiscal’s third quarter. On a QoQ basis, the brand was able to turn profitable from a loss of Rs 18.5 crore in Q2 of FY25.
Mamaearth has seen growth in market share and household penetration. Moreover, it reached 2,16,814 FMCG retail outlets in India as of Dec’24, increasing distribution by 22% YoY, as per NielsenIQ. The Derma Co., Aqualogica, BBlunt, and Dr. Sheth’s maintained strong momentum, delivering 30%+ YTD YoY growth, reinforcing their contribution to overall business growth, as per Honasa’s press statement.
Varun Alagh, Chairman, CEO & Co-founder, Honasa Consumer Limited mentioned, “In Q3FY25, we remained committed to long-term growth, advancing the strategic implementation of Project Neev to strengthen our offline distribution through direct distributors in the top 50 cities. With continuous progress in this journey, our revenue for Q3FY25 stood at ?518 Cr with 6.0% YoY growth and an EBITDA margin of 5.0%.”
He further added, “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%+ year to date YoY growth. Additionally, our key categories (face wash, shampoo, serums, moisturizer, sun care, and baby care) saw ~18% growth in 9M FY25.”
Looking forward, Alagh shared, “We are continuing to build in these categories and aim to gain significant share in the next 3-5 years. As we scale, our vision remains centered 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.”
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