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Honasa Consumer Ltd

₹ 292-0.09%
05 Jan – close price
🔗honasa.in•BSE: 544014•NSE: HONASA
Market Cap₹ 9,517 Cr.
Current Price₹ 292
High / Low₹ 334
Stock P/E76.5
Book Value₹ 38.8
Dividend Yield0.00 %
ROCE7.44 %
ROE5.51 %
Face Value₹ 10.0
Sales₹ 2,103 Cr.
OPM6.32 %
Mar Cap₹ 9,517 Cr.

ABOUT

Incorporated in 2016, Honasa Consumer Limited (HCL) provides beauty and personal care products through its digital platform.[1]

KEY POINTS

Market Position[1]Honasa is India's largest digital-first beauty and personal care (BPC) company by revenue in FY24. As of CY23, according to Euromonitor, Mamaearth ranks as thethird-largest skincare brand in India.[2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Godrej Consumer1244.3067.63127322.321.21459.34-2.863825.094.3319.2114853.3319.811882.61481.1410.479.930.34
2.Dabur India521.2051.1092444.731.53444.796.483191.325.3720.2412781.2918.501808.97452.558.4411.060.12
3.Colgate-Palmoliv2091.3042.9056880.362.44327.51-17.101519.50-6.15105.345877.9131.821325.91327.5135.9546.230.04
4.P & G Hygiene12956.0050.8842056.130.85209.86-0.961150.171.32103.794326.4626.15826.61209.8645.1632.720.00
5.Gillette India8197.0046.5426714.021.37143.658.00810.813.7156.062970.5527.82573.99143.6522.9821.840.00
6.Emami526.8530.5122997.001.52148.35-30.24798.51-10.3432.423715.1325.35753.77148.357.8522.730.02
7.Cupid390.05169.6310471.560.0024.12140.2490.2190.8017.10266.8233.5261.7324.1227.4711.990.07
8.Honasa Consumer292.5076.489517.070.0038.35357.04526.6926.167.442103.446.32124.4438.357.543.790.09
–Median: 13 Co.521.259.3610471.560.342.296.48526.695.3719.132103.4419.81136.5142.2910.4712.410.04

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
355451471426544584360427523387460417527
Expenses
336417447395501542357398499356415447483
Operating Profit
193424314242429243046-3044
Other Income
51118111923-1461820581920
Profit before tax
193730375154-14837323048-2151
Tax %
21%22%27%25%23%26%2%27%23%26%21%-29%25%
Net Profit
152922283940-15127252238-1538
EPS in Rs
1.110.900.662.031.211.23-11.110.820.761.622.77-0.461.18

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
171104609321,3951,7641,8662,103
Expenses
215411,7949161,3501,6341,8121,970
Operating Profit
-4-432-1,334164513054133
Other Income
141221-132587682
Interest
0013571111
Depreciation
012615233638
Profit before tax
-4-428-1,32528-10715884167
Net Profit
-4-428-1,33220-12112164124
EPS in Rs
-3,431.37-419,637.25-1,306,098.0419,291.26-8.843.731.973.83
Dividend Payout %
0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:17%
3 Years:48%
TTM:56%

Compounded Sales Growth

10 Years:%
5 Years:76%
3 Years:26%
TTM:14%

Return on Equity

10 Years:%
5 Years:%
3 Years:%
Last Year:6%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:20%

Balance Sheet

Standalone figures in ₹ crores

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.010.010.010.01136324325325
Reserves
30-437-1,765712-1,302800875937
Borrowings
05931,974-01,866110110116
Other Liabilities
42594240249387451473
Total Liabilities
341813039529491,6221,7611,852
Fixed Assets
012198126170165199
Gross Block
0223104149206233–
Accumulated Depreciation
0126223668–
CWIP
-0-0-02-000-0
Investments
26124164532392426459371
Other Assets
8561183214311,0261,1371,281
Total Assets
341813039529491,6221,7611,852

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-4-103052-2321878
Cash from Investing Activity
-23-117-21-5183-459-132
Cash from Financing Activity
28129-1481-7344-24
Net Cash Flow
01815-27103-78

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
57352725303024
Inventory Days
86136115839584106
Days Payable
231217221210152184210
Cash Conversion Cycle
-88-46-79-102-27-70-80
Working Capital Days
414-2-1112-9-14
ROCE %
–-461%-725%7%7%17%7%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
35.34%35.07%35.07%34.98%35.03%34.99%34.99%34.97%
FIIs
10.12%12.22%13.95%19.31%15.44%15.55%16.09%15.50%
DIIs
17.58%15.91%17.36%17.49%18.45%18.49%18.90%19.15%
Public
36.96%36.80%33.62%28.23%31.07%30.97%30.02%30.36%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Honasa Consumer Clarifies Share Volume Movement, Cites Market Conditions

10th April 2026, 10:00 pm

Honasa Consumer Ltd Eyes Strong Q4 FY26 Performance with High Growth Expectations

9th April 2026, 2:31 pm

Honasa Consumer: Registrar Confirms No Share Dematerialisation Requests for Quarter Ended March 31, 2026

2nd April 2026, 9:16 pm

Honasa Consumer Limited Announces Trading Window Closure

24th March 2026, 9:41 pm

Honasa Consumer Limited Announces Participation in Kotak Securities 'Chasing Growth 2026' Investor Conference

20th February 2026, 12:05 am

Published by Other Websites

External media mentions & references

JM Financial Initiates 'Buy' Ratings on HAL, Honasa Consumer, Emmvee

14th April 2026, 2:40 pm

Nifty Tumbles Below 23,800 as Financials Lead Market Sell-Off

9th April 2026, 3:57 pm

Mamaearth Parent Honasa Consumer Surges 11% to 52-Week High

9th April 2026, 2:46 pm

Ola Electric Surges 16%, Honasa Consumer Jumps 11% Amid Market Volatility

9th April 2026, 12:44 pm

World Bank Lifts India Growth; Oil Prices Seen Easing as Ceasefire Holds

9th April 2026, 11:21 am

News Articles

Editorial & research coverage

Honasa Consumer Q3 Rally: Turnaround Gains Traction Amid Valuation Scrutiny
Honasa Consumer Q3 Rally: Turnaround Gains Traction Amid Valuation Scrutiny

14th February 2026, 6:22 am

AI Fears Trigger IT Sell-off Amidst Mixed Q3 Earnings
AI Fears Trigger IT Sell-off Amidst Mixed Q3 Earnings

13th February 2026, 8:51 am

India's Under-40 Business Leaders: Stark Gender Gap with Only 8% Women
India's Under-40 Business Leaders: Stark Gender Gap with Only 8% Women

21st January 2026, 7:09 pm

FMCG Q3 Growth Tepid; Analysts Eye Recovery, Valuation Drivers
FMCG Q3 Growth Tepid; Analysts Eye Recovery, Valuation Drivers

6th January 2026, 8:11 am

India's Gig Work Rules Tightened; Startup Funding Rebounds Amid Mixed Performance
India's Gig Work Rules Tightened; Startup Funding Rebounds Amid Mixed Performance

5th January 2026, 8:04 am

Documents

Announcements

Clarification On Volume Movement

31 Dec - Company states recent equity volume movement market-driven; no management involvement.

Clarification sought from Honasa Consumer Ltd

31 Dec - Exchange has sought clarification from Honasa Consumer Ltd on December 31, 2025, with reference to Movement in Volume.

Increase Of Equity Stake In The Company By Mr. Varun Alagh, Promoter

29 Dec - Dec 29, 2025: Varun Alagh bought 1,851,851 shares (0.57%) at ₹270, ₹49.99Cr; promoter holding 35.54%.

Closure of Trading Window

24 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited results for quarter ending Dec 31, 2025.

Announcement under Regulation 30 (LODR)-Updates on Acquisition

15 Dec - Completed acquisition of ~25% of Couch Commerce (Fang Oral) via CCPS for INR 9,99,78,000 on Dec 15, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Credit Ratings

No credit ratings.

Concalls

Nov 2025

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Aug 2025

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May 2025

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Feb 2025

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Nov 2024

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Aug 2024

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May 2024

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Feb 2024

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Nov 2023

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Stock Analysis

Description

Honasa Consumer Limited is a digital-first beauty and personal care company established in 2016. It operates primarily through its digital platform, offering a range of products under brands like Mamaearth. The company is recognized as India's largest digital-first BPC company by revenue in FY24.

Key Growth Triggers

  1. Strategic acquisitions in new categories: Notably, a 95% stake in Reginald Men (men's personal care) and a 25% stake in Fang Oral Care, diversifying its portfolio.
  2. Strong performance in focus categories, with Mamaearth and The Derma Co. brands demonstrating double-digit growth.
  3. Expansion into new segments, including the launch of its first prestige skincare brand, Luminéve.
  4. Leveraging its digital-first approach for market penetration and brand building, alongside expanding retail footprint.
  5. Promoter confidence, as evidenced by recent share purchases by co-founder Varun Alagh, signalling belief in the company's growth trajectory.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Promoter holding is around 35%, which is considered relatively low.
  2. The stock trades at a premium to its book value.
  3. Historically, the company has experienced periods of net losses and shows modest Return on Equity (ROE) and Return on Capital Employed (ROCE) in recent years.

Key Dates To Watch

  1. Upcoming Q3 FY26 earnings announcement and conference call, expected around late January or early February 2026.

Corporate Announcements

10th Apr 26
Impact Rating: 3
Honasa Consumer Limited has informed the BSE that the recent increase in its equity share volume is entirely due to market conditions. The company's management stated they neither control nor have specific knowledge of the reasons for this movement.
9th Apr 26
Impact Rating: 7
Honasa Consumer Limited projects a strong Q4 FY26, expecting overall business growth in the late twenties, driven by Mamaearth's teen growth and younger brands' mid-twenties expansion, alongside offline channel strength.
2nd Apr 26
Impact Rating: 3
Honasa Consumer Limited announced that its Registrar, KFin Technologies, has certified that no requests for share dematerialisation were handled during the financial quarter ending March 31, 2026, as per SEBI norms.
24th Mar 26
Impact Rating: 5
Honasa Consumer Limited has announced a trading window closure for designated persons and immediate relatives, effective April 1, 2026. The window will reopen 48 hours after the company submits its financial results for the quarter and fiscal year ending March 31, 2026.
19th Feb 26
Impact Rating: 2
Honasa Consumer Limited has informed exchanges about its management's participation in the 'Chasing Growth 2026' investor conference hosted by Kotak Securities Ltd. in Mumbai.