Honasa Consumer Limited has provided a quarterly update for the period ended June 30, 2026 (Q1 FY27), indicating expectations for a strong performance. The company anticipates delivering year-over-year (YoY) growth of approximately 30% on a consolidated basis, driven by sustained momentum across its focus categories. On a reported basis, adjusting for changes in revenue recognition policies by the Flipkart group, the company expects YoY growth in the mid-twenties for Q1 FY27. Its largest brand, Mamaearth, is projected to achieve high-teen YoY growth, fueled by increasing consumer preference and an expanding offline distribution network. The company's younger brands are also expected to contribute significantly, with growth projected in the early forties. The offline channel, encompassing General Trade and Modern Trade, is identified as a key growth driver, supported by improved direct distribution reach and strong in-store execution. The online channel is also anticipated to show healthy growth. Furthermore, Honasa Consumer Limited expects to maintain a double-digit operating margin profile in Q1 FY27, attributed to operating leverage from scale.
