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Honasa Consumer Records Highest-Ever Q1 Revenue as Profit Rises and Margins Tighten

Management attributes the record revenue to focused product categories and a 20% expansion in offline distribution.

Overview

  • Q1 FY26 revenue climbed to Rs 595 crore, marking the company's highest-ever quarterly top line with a 7% year-on-year increase.
  • Consolidated net profit rose 2.7% year-on-year to Rs 41.3 crore as earnings per share reached Rs 1.27.
  • EBITDA was essentially flat at Rs 46 crore, with margin contracting by 60 basis points to 7.7% due to higher marketing and distribution investments.
  • Offline reach expanded to 240,113 FMCG outlets, a 20% increase year-on-year under Project Neev’s direct distribution model.
  • Management forecasts full-year EBITDA margins of about 7% and aims for annual margin improvement of 100–150 basis points; a UAE arbitration case remains stayed with no expected material impact.