Honasa Shows Revenue Growth in Q3 FY25

Honasa, the parent company of Mamearth, saw a positive shift with its revenue reaching Rs 517 crore for Q3 FY25, following a modest dip in Q2 FY25. During this quarter, the company also returned to profitability.

The latest consolidated financial statements, released through the National Stock Exchange (NSE), indicate that Mamearth’s revenue from operations rose by 5.9% year-on-year, from Rs 488 crore in Q3 FY24 to Rs 517 crore in Q3 FY25.

Revenue Generation Sources for Honasa

Honasa’s revenue is primarily derived from the sale of beauty, personal care, and related products, which includes categories like skin care, hair care, and baby care. Additionally, the company reported an extra Rs 19.2 crore from non-operating activities, bringing its total revenue to Rs 536.7 crore for the quarter.

Expenditure Analysis

For the direct-to-consumer (D2C) brand, procurement costs comprised 27.8% of the total expenses. These costs rose by 16.5% to Rs 141 crore in Q3 FY25, up from Rs 121 crore in Q3 FY24.

Employee benefits, alongside expenses for marketing, legal, rent, and other overheads, contributed to an overall expenditure increase of 9.3% year-on-year, resulting in total costs of Rs 507 crore in Q3 FY25, compared to Rs 464 crore the previous year.

Profitability Insights

In terms of profits, the company reported Rs 26 crore for Q3 FY25, consistent with the figures from Q3 FY24. This marked a significant recovery from Q2 FY25, where Honasa recorded a loss of Rs 24.3 crore. It’s also worth noting that Q1 FY25 delivered record-high profits of Rs 40 crore.

Current Market Performance

At the close of trading, the company’s share price was Rs 205.78, with a total market capitalization of Rs 6,684 crore (approximately $795 million). On this day, Honasa Consumer also reached its 52-week low price.