Honasa Consumer Limited, the parent of MamaEarth, has revealed its financial results for the second quarter of the current fiscal year (Q2 FY26) on Wednesday. The firm, based in Gurugram, noted a 16.5% increase in scale, alongside a profit of Rs 39 crore for the same quarter. MamaEarth’s revenue from operations rose to Rs 538 crore in Q2 FY26, up from Rs 462 crore in Q2 FY25, according to financial statements sourced from the National Stock Exchange (NSE). Over a half-yearly period, MamaEarth’s operating revenue grew by 12%, reaching Rs 1,133 crore in H1 FY26 from Rs 1,016 crore in H1 FY25.
The company has not provided a breakdown of its revenue for the last quarter. Additionally, it accrued Rs 20 crore from non-operating activities, bringing the total revenue to Rs 558 crore in Q2 FY26. For the direct-to-consumer (D2C) brand, product procurement costs made up 32% of overall expenses. This expenditure rose by 10% to Rs 159 crore in Q2 FY26, compared to Rs 144 crore in Q2 FY25.
Employee benefit expenses climbed 18% to Rs 60 crore in Q2 FY26, from Rs 51 crore in Q2 FY25. Conversely, marketing, legal fees, rent, and other overheads decreased by 9% year-on-year, helping to maintain total expenditure steady at Rs 505 crore in Q2 FY26, nearly identical to Rs 506 crore in Q2 FY25. Ultimately, the company recorded a profit after tax of Rs 39 crore in Q2 FY26, in contrast to a loss of Rs 18.56 crore in Q2 FY25. On a unit basis, MamaEarth spent Re 0.94 to generate one Rupee of operating revenue. For the six-month period ending September 2025, the company’s profits surged 3.7 times, amounting to Rs 80.5 crore in H1 FY26, up from Rs 21.6 crore in H1 FY25.
At the close of today’s trading session, shares of MamaEarth’s parent company were valued at Rs 283, with a total market capitalisation of Rs 9,238 crore ($1 billion).