Honasa Consumer Limited, the parent company of Mamaearth, reported its financial results for the quarter ended December 31, 2024.
On February 13, 2025, Honasa share price opened at ₹210.00, up from its previous close of ₹204.71. At 10:14 AM, the share price of Honasa was trading at ₹216.64, up by 5.83% on the NSE. Notably, the stock price touched its 52-week low recently on February 12, 2025, at ₹197.51.
The company demonstrated growth, with revenue for Q3 FY25 reaching ₹518 crore, reflecting a 6.0% year-on-year (YoY) increase.
For the nine months ended December 2024, revenue stood at ₹1,533 crore, marking a 5.8% YoY growth. When adjusted for a one-time inventory correction in Q2 FY25, the revenue for 9M FY25 was ₹1,596 crore, reflecting a stronger 10.2% YoY growth.
The company’s EBITDA margin for Q3 FY25 was recorded at 5.0%, with a Profit After Tax (PAT) of ₹26 crore. For the nine-month period, the EBITDA margin stood at 2.7%, while the adjusted margin, excluding the Q2 inventory correction, was 5.9%.
Mamaearth continued to expand its market presence, reaching 2,16,814 FMCG retail outlets across India by December 2024, reflecting a 22% YoY increase in distribution. Mamaearth’s face wash segment gained 114 basis points (bps) in market share, while its shampoo segment recorded a 20 bps increase YoY.
The brand strengthened its position, ranking #1 online and #3 offline in the face wash category.
Quick-commerce channels saw rapid growth, increasing by over 200% YoY. Focus categories such as face wash, shampoo, serum, moisturiser, sun care, and baby care registered ~18% growth in 9M FY25 (adjusted for inventory correction).
Commenting on the performance, the Chairman and CEO & Co-founder of Honasa Consumer Limited, Varun Alagh, said, “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%.”
Speaking of their brands, he stated, “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%+ YTD YoY growth. Additionally, our key categories (face wash, shampoo, serums, moisturizer, sun care, and baby care) saw ~18% growth in 9MFY25. We are continuing to build in these categories and aim to gain a significant share in the next 3-5 years.”
He further added, “As we scale, our vision remains centred 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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Published on: Feb 13, 2025, 2:17 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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