Mamaearth parent posts Rs 756 Cr revenue in Q1 FY27; doubles profit

Honasa Consumer, the parent company of Mamaearth, announced its financial results for the first quarter of the fiscal year ending March 2027 (Q1 FY27). The company reported a 27% year-on-year growth in its scale during the quarter, while its profit more than doubled to Rs 90 crore, its highest quarterly profit to date. The company’s revenue from operations increased to Rs 756 crore in Q1 FY27 from Rs 595 crore in Q1 FY26, according to its financial statements accessed from the National Stock Exchange of India (NSE). The company did not provide a detailed revenue breakdown, it also recorded Rs 22.5 crore from non-operating activities, taking its overall revenue to Rs 778 crore in Q1 FY27 during the quarter. According to its shareholders’ letter, Honasa’s recent acquisition, men’s grooming brand Reginald Men, has grown more than 2X since the acquisition and now has an annual revenue run rate of over Rs 150 crore, the company said. For the D2C brand, cost of materials remained the largest cost centre and rose 34% year-on-year to Rs 229 crore from Rs 171 crore. Employee benefit expenses increased 10% to Rs 66 crore from Rs 60 crore. Finance costs, depreciation and amortization expenses and other overhead drove Honasa’s overall expenses to Rs 659 crore in Q1 FY27 from Rs 564 crore in the year-ago quarter. At the bottom line, the company reported a more than 2X jump in profit to Rs 90.45 crore in Q1 FY27 from Rs 41.33 crore in Q1 FY26. EBITDA also doubled to Rs 110 crore during th…