In Week of Mar 28, 2026, Honasa Consumer Ltd (New age - Platform - E-Retail) is outperforming Nifty 500 with +22.7% relative strength. Fundamentals: Average. On a 7-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: MamaEarth returning to teens growth after formulation improvements and Gen Z marketing
Impact: +₹10 Cr revenue
“Mama which is back to teens growth. It's taken some time but focus on fundamentals has really helped us deliver.”
What: 90%+ investments in focus categories growing 25%+ vs company average
Impact: +₹8 Cr revenue
“Our focus categories continue to grow ahead of the company overall group numbers at 25% plus and these are the categories which are getting 90% plus of our investments.”
What: 80% direct distribution and optimized 30-day inventory holding improving working capital
Impact: +₹5 Cr revenue
“Our inventory holding days are now optimized at about 30 days which is fairly healthy for complex inventory system like ours.”
Earnings deceleration risks from management commentary
Trigger: Platform policy changes
Impact: -50 bps margin impact
Management view: There is a revenue recognition impact which has happened on account of Flipkart Group changing. There's revenue recognition and because of which there is a 28 crore impact that we are seeing.
Monitor: Platform revenue recognition policies
Trigger: Failure to expand offline distribution
Impact: -30 bps margin impact
Management view: Share among Sanders actually has moved ahead of our value share which means that now we have more catchup job to do on our distribution front.
Monitor: Offline distribution coverage
Key quotes from recent conference calls
“Mama which is back to teens growth. It's taken some time but focus on fundamentals has really helped us deliver. — Varun Alag”
“Our focus categories continue to grow ahead of the company overall group numbers at 25% plus and these are the categories which are getting 90% plus of our investments. — Management”
“We continue to be negative on our working capital cycle. — Management”
“Every year our goal will be to improve the margin profile by 100 basis points. — Management”
Forward-looking targets from management for Annual
Implied PAT Growth
100%
Key Milestones
• 100 bps annual margin improvement
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +16% | +30% | Stable |
| PAT (Net Profit) | +92% | +73% | Inflection Up |
| OPM | 11.0% | +600 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Honasa Consumer Ltd's latest quarterly results (Dec 2025) show
Honasa Consumer Ltd's profit is growing with an turning around (inflection up) trend.
Honasa Consumer Ltd's revenue growth trend is stable.
Honasa Consumer Ltd's operating margin is volatile.
Honasa Consumer Ltd's long-term compounding rates
Honasa Consumer Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.
Honasa Consumer Ltd's trailing twelve month (TTM) performance
Honasa Consumer Ltd appears significantly overvalued based on our fair value analysis.
Honasa Consumer Ltd's current PE ratio is 60.9x.
Honasa Consumer Ltd's current PE is 60.9x.
Honasa Consumer Ltd's price-to-book ratio is 7.6x.
Honasa Consumer Ltd is rated Average with a fundamental score of 46.53/100. This score is calculated from objective financial metrics
Honasa Consumer Ltd has a debt-to-equity ratio of N/A.
Honasa Consumer Ltd's return ratios over recent years
Honasa Consumer Ltd's operating cash flow is positive (FY2025).
Honasa Consumer Ltd currently does not pay a significant dividend (yield 0.00%).
Honasa Consumer Ltd's shareholding pattern (Dec 2025)
Honasa Consumer Ltd's promoter holding has increased recently.
Honasa Consumer Ltd has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
Honasa Consumer Ltd is an established outperformer with 7 weeks of consecutive Nifty 500 outperformance.
Honasa Consumer Ltd has 3 key growth catalysts identified from recent earnings analysis
Honasa Consumer Ltd has 2 key risks worth monitoring
In Q3 FY26, Honasa Consumer Ltd's management highlighted
Honasa Consumer Ltd's management has provided the following forward guidance for Annual
Based on quantitative research signals, here is why Honasa Consumer Ltd may be worth studying
Honasa Consumer Ltd investment thesis summary:
Honasa Consumer Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
