The company’s revenue stood at Rs 517.5 crore in the third quarter of the current fiscal (Q3FY25)
Marking a healthy improvement in its performance, Honasa Consumer, which operates brands such as Mamaearth, The Derma Co. has reported a 6 per cent year-on-year (YoY) increase in its consolidated revenue from operations in the third quarter of the current financial year (Q3FY25). The company’s revenue stood at Rs 517.5 crore in Q3FY25, compared to Rs 488.2 crore in Q3FY24.
The unaudited consolidated financial results of the company revealed that the net profit was relatively flat as Honasa Consumer posted a net profit of Rs 26 crore during the recently concluded quarter, compared to Rs 25.9 crore during the corresponding period of the previous fiscal.
“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 Rs 518 crore with 6.0 per cent YoY growth and an EBITDA margin of 5.0 per cent,” stated Varun Alagh, Chairman and Chief Executive Officer (CEO) and Co-founder, Honasa Consumer.
The company stated that Mamaearth grew in market share and household penetration. The brand reached 2,16,814 fast moving consumer goods (FMCG) retail outlets in India as of December 2024, increasing distribution by 22 per cent YoY, as per NielsenIQ. Mamaearth face wash gained 114 basis points (bps) and shampoo gained 20 bps in value market share YoY.
The Derma Co., Aqualogica, BBlunt, and Dr. Sheth’s maintained strong momentum, delivering over 30 per cent year-to-date (YTD) YoY growth, as per the company’s statement. The company added that newer channels like quick commerce continue to perform well growing over 200 per cent YoY in nine months of the current fiscal (9MFY25).
