Honasa Consumer Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Honasa Consumer saw Q2 FY26 like-for-like revenue grow 22.5% to INR 538 Cr. Gross profits hit 71.9%, with EBITDA at INR 48 Cr (8.4%) and PAT at INR 39 Cr. Mamaearth is back to growth, aiming for double-digits by Q4. Core categories now contribute 75% of sales, supported by strong GT distribution, 80% direct. Derma Co achieved INR 750 Cr ARR and is India's #1 sunscreen. New ventures include prestige night care brand Lumineve and an investment in oral beauty brand Fang. Quick commerce now drives 10% of revenue, showing healthy economics. The outlook is confident, with stable margins and continued focus on innovation and category expansion.