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Honasa Consumer share price today

Honasa Consumer Ltd · NSE: HONASA · New age - Platform - E-Retail · prices and results as of 5 November 2026, updated weekly · research updated 22 August 2026

Honasa Consumer share price today: ₹481.75 at the NSE close on 5 November 2026, up 75.9% in a year. Honasa Consumer (NSE: HONASA) is worth ₹15,718 crore, trades at a P/E of 62.3 and has closed between ₹261.45 and ₹502.80 over the past 52 weeks. Latest change: best operating margin in 15 quarters.

Getting betterBusiness trend from fewer quarters than usual
₹481.75Price +75.9% in a year
62.3×P/E lower than 84% of the last 3 years
₹756 CrRevenue (Jun 2026) +27.1% on a year ago
₹90.0 CrProfit (Jun 2026) +119.5% on a year ago
15.0%Operating margin +7.0 points on a year ago
19%ROCE FY26
18.2%ROIC against a 12.0% cost of capital: +6.2 points

Honasa Consumer Ltd's results are improving, while its P/E is near the low end of its own history over 3 years, higher than only 16% of past readings.

The main question: yearly earnings per share moved +174.6% while the share price moved +75.9%.

The price has been rising for 30 weeks, and the P/E is lower than 84% of its own last 3 years. Over the last four quarters, results have been improving, with profit +119.5% on a year earlier, and 124% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.

What is the Honasa Consumer share price today?

Honasa Consumer Ltd's share price was ₹481.75 at the close on 5 November 2026. It has been rising for 30 weeks. That is 18.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹261 and ₹503, and at that close it sat 91% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Honasa Consumer Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row.

1Y

Nov 2026: ₹482, 18.1% above its 200-day average. The price has been rising for 30 weeks.

  • Price ₹482
  • 50-day avg ₹457
  • 200-day avg ₹408
Nov 2026: ₹482, 18.1% above its 200-day average. The price has been rising for 30 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹284₹286₹292
7 Nov 2025₹274₹285₹291
14 Nov 2025₹292₹284₹291
21 Nov 2025₹287₹286₹291
28 Nov 2025₹290₹287₹291
5 Dec 2025₹275₹286₹290
12 Dec 2025₹261₹281₹289
19 Dec 2025₹270₹277₹287
26 Dec 2025₹268₹276₹287
2 Jan 2026₹293₹278₹287
9 Jan 2026₹290₹281₹287
16 Jan 2026₹286₹282₹287
23 Jan 2026₹272₹281₹287
1 Feb 2026₹276₹279₹286
6 Feb 2026₹286₹279₹286
13 Feb 2026₹301₹283₹286
20 Feb 2026₹301₹286₹287
27 Feb 2026₹303₹290₹288
6 Mar 2026₹291₹290₹288
13 Mar 2026₹269₹289₹288
20 Mar 2026₹289₹286₹287
27 Mar 2026₹298₹287₹287
2 Apr 2026₹304₹289₹288
10 Apr 2026₹345₹295₹289
17 Apr 2026₹345₹302₹292
24 Apr 2026₹349₹310₹294
30 Apr 2026₹341₹315₹296
8 May 2026₹359₹321₹299
15 May 2026₹354₹327₹301
22 May 2026₹384₹333₹304
29 May 2026₹406₹344₹308
4 Jun 2026₹417₹353₹312
5 Jun 2026₹416₹355₹313
9 Jun 2026₹408₹360₹315
10 Jun 2026₹415₹362₹316
12 Jun 2026₹414₹366₹318
17 Jun 2026₹401₹370₹320
19 Jun 2026₹417₹373₹322
24 Jun 2026₹416₹378₹325
25 Jun 2026₹418₹380₹326
1 Jul 2026₹467₹389₹330
3 Jul 2026₹462₹395₹333
10 Jul 2026₹472₹408₹339
17 Jul 2026₹467₹419₹346
24 Jul 2026₹449₹425₹351
31 Jul 2026₹450₹430₹356
7 Aug 2026₹478₹436₹361
14 Aug 2026₹503₹444₹367
21 Aug 2026₹482₹450₹372
28 Aug 2026₹471₹456₹378
4 Sep 2026₹471₹459₹382
11 Sep 2026₹471₹462₹387
18 Sep 2026₹480₹462₹390
25 Sep 2026₹466₹465₹394
28 Sep 2026₹465₹465₹395
1 Oct 2026₹428₹461₹396
9 Oct 2026₹469₹462₹399
16 Oct 2026₹452₹462₹402
23 Oct 2026₹432₹458₹404
30 Oct 2026₹442₹456₹406
5 Nov 2026₹482₹457₹408
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹482, 18.1% above its 200-day average. The price has been rising for 30 weeks.

  • Price ₹482
  • 50-day avg ₹457
  • 200-day avg ₹408
Nov 2026: ₹482, 18.1% above its 200-day average. The price has been rising for 30 weeks.
WeekPrice50-day avg200-day avg
12 Nov 2023₹321₹334₹336
17 Nov 2023₹332₹333₹336
24 Nov 2023₹475₹344₹339
1 Dec 2023₹400₹356₹342
8 Dec 2023₹400₹361₹344
15 Dec 2023₹407₹368₹347
22 Dec 2023₹425₹376₹350
29 Dec 2023₹441₹387₹354
5 Jan 2024₹446₹397₹358
12 Jan 2024₹474₹410₹364
20 Jan 2024₹477₹423₹370
25 Jan 2024₹486₹430₹373
2 Feb 2024₹437₹436₹378
9 Feb 2024₹433₹435₹380
16 Feb 2024₹445₹435₹383
23 Feb 2024₹445₹436₹386
2 Mar 2024₹419₹433₹388
7 Mar 2024₹392₹428₹388
15 Mar 2024₹379₹419₹388
22 Mar 2024₹370₹411₹387
28 Mar 2024₹402₹409₹387
5 Apr 2024₹405₹409₹388
12 Apr 2024₹398₹407₹389
19 Apr 2024₹387₹404₹389
26 Apr 2024₹429₹408₹390
3 May 2024₹420₹410₹392
10 May 2024₹429₹414₹393
18 May 2024₹407₹413₹395
24 May 2024₹431₹415₹396
31 May 2024₹442₹417₹397
7 Jun 2024₹439₹422₹400
14 Jun 2024₹430₹425₹401
21 Jun 2024₹450₹426₹403
28 Jun 2024₹433₹429₹405
5 Jul 2024₹482₹434₹407
12 Jul 2024₹475₹440₹410
19 Jul 2024₹462₹446₹413
26 Jul 2024₹466₹449₹415
2 Aug 2024₹455₹452₹418
9 Aug 2024₹474₹455₹420
16 Aug 2024₹464₹456₹422
23 Aug 2024₹469₹458₹424
30 Aug 2024₹505₹468₹428
6 Sep 2024₹531₹476₹432
13 Sep 2024₹494₹483₹436
20 Sep 2024₹478₹481₹438
27 Sep 2024₹457₹480₹440
4 Oct 2024₹427₹475₹440
11 Oct 2024₹430₹467₹440
18 Oct 2024₹423₹459₹439
25 Oct 2024₹400₹450₹438
1 Nov 2024₹395₹441₹436
8 Nov 2024₹381₹431₹433
14 Nov 2024₹372₹422₹431
22 Nov 2024₹225₹397₹424
29 Nov 2024₹264₹369₹415
6 Dec 2024₹266₹351₹408
13 Dec 2024₹248₹333₹400
20 Dec 2024₹260₹319₹393
27 Dec 2024₹247₹309₹388
3 Jan 2025₹253₹299₹381
10 Jan 2025₹242₹289₹374
17 Jan 2025₹247₹281₹368
24 Jan 2025₹244₹275₹362
1 Feb 2025₹229₹264₹354
7 Feb 2025₹214₹256₹348
14 Feb 2025₹222₹249₹341
21 Feb 2025₹224₹244₹336
28 Feb 2025₹215₹241₹331
7 Mar 2025₹224₹237₹326
13 Mar 2025₹210₹233₹321
21 Mar 2025₹221₹230₹316
28 Mar 2025₹232₹231₹312
4 Apr 2025₹234₹232₹309
11 Apr 2025₹232₹231₹306
17 Apr 2025₹234₹231₹304
25 Apr 2025₹232₹231₹300
2 May 2025₹253₹234₹298
9 May 2025₹247₹236₹296
16 May 2025₹262₹240₹294
23 May 2025₹329₹248₹293
30 May 2025₹316₹260₹294
6 Jun 2025₹320₹271₹295
13 Jun 2025₹307₹279₹296
20 Jun 2025₹301₹284₹297
27 Jun 2025₹310₹288₹297
4 Jul 2025₹296₹291₹298
11 Jul 2025₹294₹292₹298
18 Jul 2025₹286₹292₹297
25 Jul 2025₹264₹289₹296
1 Aug 2025₹272₹285₹295
8 Aug 2025₹259₹281₹293
14 Aug 2025₹280₹280₹293
22 Aug 2025₹300₹283₹293
29 Aug 2025₹293₹285₹293
5 Sep 2025₹300₹287₹293
12 Sep 2025₹300₹290₹294
19 Sep 2025₹301₹292₹294
26 Sep 2025₹284₹293₹294
3 Oct 2025₹292₹292₹294
10 Oct 2025₹292₹292₹294
17 Oct 2025₹279₹290₹293
24 Oct 2025₹276₹288₹292
31 Oct 2025₹284₹286₹292
7 Nov 2025₹274₹285₹291
14 Nov 2025₹292₹284₹291
21 Nov 2025₹287₹286₹291
28 Nov 2025₹290₹287₹291
5 Dec 2025₹275₹286₹290
12 Dec 2025₹261₹281₹289
19 Dec 2025₹270₹277₹287
26 Dec 2025₹268₹276₹287
2 Jan 2026₹293₹278₹287
9 Jan 2026₹290₹281₹287
16 Jan 2026₹286₹282₹287
23 Jan 2026₹272₹281₹287
1 Feb 2026₹276₹279₹286
6 Feb 2026₹286₹279₹286
13 Feb 2026₹301₹283₹286
20 Feb 2026₹301₹286₹287
27 Feb 2026₹303₹290₹288
6 Mar 2026₹291₹290₹288
13 Mar 2026₹269₹289₹288
20 Mar 2026₹289₹286₹287
27 Mar 2026₹298₹287₹287
2 Apr 2026₹304₹289₹288
10 Apr 2026₹345₹295₹289
17 Apr 2026₹345₹302₹292
24 Apr 2026₹349₹310₹294
30 Apr 2026₹341₹315₹296
8 May 2026₹359₹321₹299
15 May 2026₹354₹327₹301
22 May 2026₹384₹333₹304
29 May 2026₹406₹344₹308
4 Jun 2026₹417₹353₹312
5 Jun 2026₹416₹355₹313
9 Jun 2026₹408₹360₹315
10 Jun 2026₹415₹362₹316
12 Jun 2026₹414₹366₹318
17 Jun 2026₹401₹370₹320
19 Jun 2026₹417₹373₹322
24 Jun 2026₹416₹378₹325
25 Jun 2026₹418₹380₹326
1 Jul 2026₹467₹389₹330
3 Jul 2026₹462₹395₹333
10 Jul 2026₹472₹408₹339
17 Jul 2026₹467₹419₹346
24 Jul 2026₹449₹425₹351
31 Jul 2026₹450₹430₹356
7 Aug 2026₹478₹436₹361
14 Aug 2026₹503₹444₹367
21 Aug 2026₹482₹450₹372
28 Aug 2026₹471₹456₹378
4 Sep 2026₹471₹459₹382
11 Sep 2026₹471₹462₹387
18 Sep 2026₹480₹462₹390
25 Sep 2026₹466₹465₹394
28 Sep 2026₹465₹465₹395
1 Oct 2026₹428₹461₹396
9 Oct 2026₹469₹462₹399
16 Oct 2026₹452₹462₹402
23 Oct 2026₹432₹458₹404
30 Oct 2026₹442₹456₹406
5 Nov 2026₹482₹457₹408
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Falling from Oct 2025 to Feb 2026; Sideways from Mar 2026 to Apr 2026; Rising from Apr 2026 to Oct 2026.

Price stage: Falling from Nov 2023 to Dec 2023; Rising from Dec 2023 to Nov 2024; Falling from Nov 2024 to Jul 2025; Sideways from Jul 2025 to Aug 2025; Falling from Aug 2025 to Oct 2025; Sideways in Oct 2025; Falling from Nov 2025 to Feb 2026; Sideways from Mar 2026 to Apr 2026; Rising from Apr 2026 to Oct 2026.

Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 85 of 151 weeks

Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
12 Nov 2023no NIFTY 500 reading
17 Nov 2023no NIFTY 500 reading
24 Nov 2023no NIFTY 500 reading
1 Dec 2023no NIFTY 500 reading
8 Dec 2023no NIFTY 500 reading
15 Dec 2023no NIFTY 500 reading
22 Dec 2023no NIFTY 500 reading
29 Dec 2023no NIFTY 500 reading
5 Jan 2024no NIFTY 500 reading
12 Jan 2024no NIFTY 500 reading
20 Jan 2024no NIFTY 500 reading
25 Jan 2024no NIFTY 500 reading
2 Feb 2024no NIFTY 500 reading
9 Feb 2024+21.8%
16 Feb 2024+19.8%
23 Feb 2024−18.2%
2 Mar 2024−0.6%
7 Mar 2024−6.8%
15 Mar 2024−11.2%
22 Mar 2024−17.2%
28 Mar 2024−15.1%
5 Apr 2024−16.3%
12 Apr 2024−20.9%
19 Apr 2024−25.3%
26 Apr 2024−17.8%
3 May 2024−6.7%
10 May 2024−5.0%
18 May 2024−14.2%
24 May 2024−9.4%
31 May 2024−1.7%
7 Jun 2024+0.2%
14 Jun 2024+0.1%
21 Jun 2024+10.0%
28 Jun 2024−3.3%
5 Jul 2024+9.2%
12 Jul 2024+6.0%
19 Jul 2024+8.8%
26 Jul 2024−3.4%
2 Aug 2024−2.0%
9 Aug 2024+1.1%
16 Aug 2024+4.2%
23 Aug 2024−2.3%
30 Aug 2024+1.6%
6 Sep 2024+13.9%
13 Sep 2024+7.4%
20 Sep 2024−2.5%
27 Sep 2024−0.6%
4 Oct 2024−14.1%
11 Oct 2024−11.7%
18 Oct 2024−8.2%
25 Oct 2024−10.8%
1 Nov 2024−14.0%
8 Nov 2024−16.1%
14 Nov 2024−14.2%
22 Nov 2024−48.1%
29 Nov 2024−45.0%
6 Dec 2024−49.2%
13 Dec 2024−45.7%
20 Dec 2024−37.5%
27 Dec 2024−38.1%
3 Jan 2025−35.1%
10 Jan 2025−34.8%
17 Jan 2025−35.3%
24 Jan 2025−32.4%
1 Feb 2025−36.6%
7 Feb 2025−39.3%
14 Feb 2025−34.4%
21 Feb 2025+9.6%
28 Feb 2025−6.1%
7 Mar 2025−2.5%
13 Mar 2025−6.6%
21 Mar 2025−10.0%
28 Mar 2025−1.2%
4 Apr 2025+1.2%
11 Apr 2025−3.4%
17 Apr 2025−9.3%
25 Apr 2025−8.6%
2 May 2025+8.9%
9 May 2025+7.6%
16 May 2025+8.1%
23 May 2025+35.6%
30 May 2025+34.3%
6 Jun 2025+27.8%
13 Jun 2025+36.6%
20 Jun 2025+26.7%
27 Jun 2025+23.1%
4 Jul 2025+10.7%
11 Jul 2025+17.2%
18 Jul 2025+17.2%
25 Jul 2025+9.2%
1 Aug 2025+4.8%
8 Aug 2025+4.0%
14 Aug 2025+5.0%
22 Aug 2025−8.8%
29 Aug 2025−7.7%
5 Sep 2025−5.2%
12 Sep 2025−4.7%
19 Sep 2025+0.8%
26 Sep 2025−5.8%
3 Oct 2025+0.6%
10 Oct 2025−0.4%
17 Oct 2025−3.9%
24 Oct 2025+0.8%
31 Oct 2025+0.3%
7 Nov 2025+0.9%
14 Nov 2025+1.2%
21 Nov 2025−9.7%
28 Nov 2025−4.8%
5 Dec 2025−9.8%
12 Dec 2025−13.0%
19 Dec 2025−13.2%
26 Dec 2025−9.7%
2 Jan 2026−3.7%
9 Jan 2026−0.9%
16 Jan 2026+6.3%
23 Jan 2026+2.0%
1 Feb 2026−1.9%
6 Feb 2026+4.4%
13 Feb 2026+4.3%
20 Feb 2026+7.2%
27 Feb 2026+10.0%
6 Mar 2026+9.7%
13 Mar 2026+9.6%
20 Mar 2026+16.9%
27 Mar 2026+23.4%
2 Apr 2026+11.7%
10 Apr 2026+22.5%
17 Apr 2026+20.1%
24 Apr 2026+29.3%
30 Apr 2026+24.7%
8 May 2026+31.1%
15 May 2026+22.1%
22 May 2026+31.0%
29 May 2026+33.0%
4 Jun 2026+43.5%
5 Jun 2026+52.2%
9 Jun 2026+35.8%
10 Jun 2026+31.1%
12 Jun 2026+34.0%
17 Jun 2026+14.0%
19 Jun 2026+20.2%
24 Jun 2026+18.2%
25 Jun 2026+22.7%
1 Jul 2026+26.4%
3 Jul 2026+27.0%
10 Jul 2026+19.8%
17 Jul 2026+11.9%
24 Jul 2026+5.6%
31 Jul 2026+3.6%
7 Aug 2026+12.2%
14 Aug 2026+16.9%
21 Aug 2026+12.4%
28 Aug 2026+15.6%
4 Sep 2026+12.4%
11 Sep 2026+14.3%
18 Sep 2026+16.0%
25 Sep 2026+2.8%
28 Sep 2026+6.8%
1 Oct 2026−3.0%
9 Oct 2026+6.7%
16 Oct 2026+3.6%
23 Oct 2026+4.7%
30 Oct 2026+0.2%
5 Nov 2026+3.0%
Each bar is one week, from 2023 to now (151 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 3 years the share price moved +50% while the NIFTY 500 moved +24%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Honasa Consumer this quarter?

Three changes stood out: best operating margin in 15 quarters, indian funds and insurers (DIIs) raised their stake for 3 quarters in a row and revenue up on a year earlier for 7 quarters in a row.

  1. Best operating margin in 15 quarters

    Operating margin was 15% in the June 2026 quarter, against 8% a year earlier.

    Why: Margins rose because the company sold a more profitable mix, got more sales from the same overhead, had a seasonal lift and a one-time cut in operating costs.

    Next results: check the underlying margin after the summer mix and one-time cost benefit.

    From the earnings call on 13 Aug 2026.

  2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

    From 18.6% to 23.4% of the company by the September 2026 quarter.

  3. Revenue up on a year earlier for 7 quarters in a row

    In the June 2026 quarter revenue was ₹756 crore, +27.1% on a year earlier.

    Why: Revenue rose because the company focused on a smaller set of products, sold more through online, general trade and modern trade, and its main brand and younger brands both grew.

    Next results: check whether younger brands keep growing after the Aqualogica restage and BTM expansion.

    From the earnings call on 13 Aug 2026.

What are Honasa Consumer's latest quarterly results?

For April to June 2026 (the quarter ended 30 June 2026), Honasa Consumer reported revenue of ₹756 crore, up 27.1% from ₹595 crore a year earlier, and a profit of ₹90.0 crore, up 119.5% from ₹41.0 crore.

Honasa Consumer results: April to June 2026 against a year earlier

Honasa Consumer results: April to June 2026 against a year earlier
MeasureApril to June 2026April to June 2025Change
Revenue₹756 crore₹595 crore+27.1%
Profit₹90.0 crore₹41.0 crore+119.5%
Earnings per share₹2.77₹1.27+118.1%
Operating margin15.0%8.0%+7.0 points

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Honasa Consumer's management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

What is the Honasa Consumer share price history?

Honasa Consumer closed at ₹481.75 on 5 November 2026, up 75.9% from ₹273.95 a year earlier (7 November 2025) and up 50.0% over three years. Its highest weekly close since November 2023 was ₹531.00 on 6 September 2024.

Honasa Consumer share price: then and now

Honasa Consumer share price: then and now
WhenCloseChange to 5 Nov 2026
1 week ago · 30 Oct 2026₹442.10+9.0%
1 month ago · 9 Oct 2026₹468.70+2.8%
6 months ago · 8 May 2026₹359.25+34.1%
1 year ago · 7 Nov 2025₹273.95+75.9%
3 years ago · 12 Nov 2023₹321.10+50.0%
Earliest weekly close in our records · 12 Nov 2023₹321.10+50.0%
Highest weekly close since November 2023 · 6 Sep 2024₹531.00−9.3%
Lowest weekly close since November 2023 · 13 Mar 2025₹209.59+129.9%
52-week high (weekly close) · 14 Aug 2026₹502.80−4.2%
52-week low (weekly close) · 12 Dec 2025₹261.45+84.3%

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

164 weekly closes from 12 November 2023 to 5 November 2026.

What is the latest news on Honasa Consumer?

5 Nov 2026: Honasa Consumer closed at ₹481.75, up 9.0% on the week and up 2.8% on the month. 28 Aug 2026: ex-date for a dividend of ₹3 a share.

Earlier

  • 13 Aug 2026: Honasa Consumer held its results call for April to June 2026. Management guided: Company revenue yearly growth in the high teens over five years; FY27 growth expected above that framework.
  • Results for April to June 2026: Revenue up 27.1% and profit up 119.5% on a year earlier.

What dividend does Honasa Consumer pay?

Honasa Consumer paid ₹3 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.62% at the ₹481.75 close on 5 November 2026. The last was a dividend of ₹3 a share, ex-date 28 August 2026.

Honasa Consumer dividends since 1 April 2021

Honasa Consumer dividends since 1 April 2021
Ex-dateDividend per shareType
28 Aug 2026Dividend₹3Dividend

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

0 of 5Of the last 5 financial years, years with an NSE dividend record

Yes. Honasa Consumer Ltd paid out 49% of its profit as dividends in FY26, and it paid a dividend in 1 of its last 6 reported years.

From the NSE corporate-actions record, read 5 November 2026.

What did Honasa Consumer management say on the latest results call?

On the call for April to June 2026, held on 13 August 2026, Honasa Consumer's management guided: Company revenue yearly growth in the high teens over five years; FY27 growth expected above that framework.

“Our focus is growth first. The mindset is clearly growth first. Therefore, if there are opportunities where we need to reinvest and target growth, that is how we will approach the rest of the year.”Ramanpreet Sohi, on the call for April to June 2026

What management guided

  • Mamaearth yearly growth in double digits over five years; FY27 growth expected above its planned trajectory.
  • Operating margin expansion of 100-150 basis points annually toward 15% in five years.
  • FY27 operating margin improvement of 150-200 basis points over last year.
  • Rice franchise potential of ₹500 crore and Rosemary shampoo potential of ₹250 crore over next 3-4 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

What is the future of Honasa Consumer? What is changing in the business?

What is changing at Honasa Consumer, from the latest results and calls: operating leverage delivering, operating margin expanded five consecutive quarters, derma co reaches ₹1,000 crore scale, second flagship brand confirmed and younger brands portfolio growing above 40%.

  • Operating Leverage Delivering, operating margin Expanded Five Consecutive Quarters. Operating margin rose from 5% in Mar-25 to 15% in Jun-26; the underlying margin after the one-time benefit is 12%, still a strong improvement from the trough. ⚠ estimate
  • Derma Co Reaches ₹1,000 crore Scale, Second Flagship Brand Confirmed. Derma Co crossed ₹1,000 crore in April to June 2026 and is Honasa's second brand at that scale; face cleansers alone exceeded ₹200 crore run-rate. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

What could change the Honasa Consumer story? What are the risks?

Operating margins rolling back below 10% in two consecutive quarters without a recoverable cause, combined with younger-brand growth stalling below 20%, would signal the recovery is a margin-peak cycle rather than a durable platform expansion.

Each change stops working if

  • Operating Leverage Delivering, operating margin Expanded Five Consecutive Quarters: July to September 2026 operating margin falls below 9% despite price increases, indicating packaging inflation is overwhelming the operating leverage and exposing the headline margin as unsustainable.
  • Derma Co Reaches ₹1,000 crore Scale, Second Flagship Brand Confirmed: Derma Co's operating margin falls below double-digit levels as it expands offline distribution, signalling that the offline model is diluting rather than adding to the profitability of the brand.

The main risks

  • Management Narrative Consistency, Seven Flags Across Five Concalls: The April to June 2026 call added an ambiguous Staze repositioning flag, the seventh documented inconsistency, establishing a pattern of narrative management that makes guidance hard to anchor. ⚠ estimate
  • ASCI Regulatory Exposure, 187 Flagged Ads in FY24, No Public Remediation Plan: Honasa was the top ad-standard violator in India in FY24 with 187 flagged ads; the influencer-first D2C model remains structurally exposed to Consumer Protection Act enforcement. ⚠ estimate
  • Working capital Days Expanding Faster Than Revenue, Distributor Model Flag: Cash conversion cycle widened from minus 105 days to minus 78 days over four years as payables shortened 26 days; not a leak but a structural distribution model shift that warrants monitoring. ✓ fact

Our read after the latest results, written 22 August 2026.

What to watch in Honasa Consumer's next results?

When Honasa Consumer reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Underlying operating margin after summer mix and one-time OPEX benefit - check whether operating leverage persists with growth-first reinvestment.

Honasa Consumer: what to watch next quarter
What to check (from the call)
Underlying operating margin after summer mix and one-time OPEX benefit - check whether operating leverage persists with growth-first reinvestment.
Packaging inflation in the next quarter - check whether calibrated price increases offset delayed raw-material pressure.
FIKN launch traction - check early consumer response to the fragrance-first, elixir-based proposition.
Younger-brand scaling after Aqualogica's restage and BTM's geographic expansion - check whether portfolio growth broadens sustainably.

Which stock lists is Honasa Consumer on?

Honasa Consumer is on 3 of our India lists: Undervalued stocks, Momentum stocks and Small & mid cap stocks.

Is Honasa Consumer profitable?

Honasa Consumer Ltd earned ₹90.0 Cr of net profit in the Jun 2026 quarter, +119.5% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹200 Cr. That is 11.9% of the quarter's revenue. The same quarter a year earlier earned ₹41.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹200 Cr (+174.0% on the year before).

FY26 profit ₹200 Cr (+174.0% on the year before)

  • Net profit ₹200
FY26 profit ₹200 Cr (+174.0% on the year before)
QuarterNet profit
FY21−₹1,332
FY22₹14
FY23−₹151
FY24₹111
FY25₹73
FY26₹200

Growth on a year earlier

  • Growth on a year earlier 174%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22–
FY23−1,178.6%
FY24–
FY25−34.2%
FY26174%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 6-year window. A grey bar is lower than the year before.

Jun 2026: ₹90.0 Cr (+119.5% on a year earlier), the 3rd quarter in a row of growth

  • Net profit (quarterly) ₹90.0
Jun 2026: ₹90.0 Cr (+119.5% on a year earlier), the 3rd quarter in a row of growth
QuarterNet profit (quarterly)
Sep 2023₹29
Dec 2023₹26
Mar 2024₹30
Jun 2024₹40
Sep 2024−₹19
Dec 2024₹26
Mar 2025₹25
Jun 2025₹41
Sep 2025₹39
Dec 2025₹50
Mar 2026₹69
Jun 2026₹90

Growth on a year earlier

  • Growth on a year earlier 119.5%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202370.6%
Dec 2023271.4%
Mar 2024–
Jun 202460%
Sep 2024−165.5%
Dec 20240%
Mar 2025−16.7%
Jun 20252.5%
Sep 2025–
Dec 202592.3%
Mar 2026176%
Jun 2026119.5%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +27.1% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +129.3% and revenue +20.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

How much revenue does Honasa Consumer make, and is it growing?

Honasa Consumer Ltd reported ₹756 Cr of revenue in the Jun 2026 quarter, +27.1% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 5 years it has grown 39.1% a year on average. The last full year, FY26, came in at ₹2,392 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Derma Co reached the Rs1,000 Cr scale milestone in Q1 FY27, a level previously held only by Mamaearth. This validates the multi-brand platform thesis: the company can build and scale more than one brand to significant revenue. The offline buildout began one year ago; general-trade presence is close to 50,000 outlets with strong modern-trade traction. The brand's EBITDA margin improved into the teens as it scaled. Management guided Mamaearth at double-digit CAGR for five years with distribution expansion from 200,000 to 500,000 outlets, which remains a live growth axis separate from Derma Co.

The last four reported quarters add to ₹2,553 Cr.

FY26 revenue was ₹2,392 Cr, +15.7% on the year before.

FY26 revenue ₹2,392 Cr (+15.7% on the year before), 39.1% a year over 5 years

  • Revenue ₹2,392
FY26 revenue ₹2,392 Cr (+15.7% on the year before), 39.1% a year over 5 years
QuarterRevenue
FY21₹460
FY22₹943
FY23₹1,493
FY24₹1,920
FY25₹2,067
FY26₹2,392

Growth on a year earlier

  • Growth on a year earlier 15.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22105%
FY2358.3%
FY2428.6%
FY257.7%
FY2615.7%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 6-year window. A grey bar is lower than the year before.

Jun 2026: ₹756 Cr (+27.1% on a year earlier), the 7th quarter in a row of growth

  • Revenue (quarterly) ₹756
Jun 2026: ₹756 Cr (+27.1% on a year earlier), the 7th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023₹496
Dec 2023₹488
Mar 2024₹471
Jun 2024₹554
Sep 2024₹462
Dec 2024₹518
Mar 2025₹534
Jun 2025₹595
Sep 2025₹538
Dec 2025₹602
Mar 2026₹657
Jun 2026₹756

Growth on a year earlier

  • Growth on a year earlier 27.1%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202321%
Dec 202327.7%
Mar 202421.4%
Jun 202419.4%
Sep 2024−6.9%
Dec 20246.1%
Mar 202513.4%
Jun 20257.4%
Sep 202516.5%
Dec 202516.2%
Mar 202623%
Jun 202627.1%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +20.7% on average, against 39.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +21.1%, against +12.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +239.7%, against +40.9% a year (accelerating).

Watch next

Metric
Derma Co Reaches Rs1,000 Cr Scale, Second Flagship Brand…
Threshold
Derma Co's EBITDA margin falls below double-digit levels as it expands offline distribution, signalling that the offline model is diluting rather than adding to the profitability of the brand.
Which result
the next result

How much of every ₹100 of sales does Honasa Consumer keep?

Honasa Consumer Ltd's operating margin was 15.0% in the Jun 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between −290.0% and 10.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The Project Neev distribution restructuring compressed OPM to a trough of 5% in Mar-25. The recovery arc over five quarters to 15% in Jun-26 is driven by three levers: mix improvement toward higher-margin focus categories (300-350 basis points), operating leverage from revenue growth absorbing fixed costs (approximately 100 basis points), and seasonality (50 basis points from summer products). The headline 15% has a one-time OPEX benefit that management estimated at about 3 percentage points, making the underlying 12% the durable run-rate. Management upgraded FY27 guidance to 150-200 basis points EBITDA margin improvement over FY26, versus the prior 100-basis-point-per-year framework.…

Why the margin moved: operating margin changed +6.9 percentage points on the year while gross margin changed −1.5 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

FY26: 10.0%, the highest in a range of −290.0% to 10.0% over 6 years

  • Operating margin 10.0%
FY26: 10.0%, the highest in a range of −290.0% to 10.0% over 6 years
QuarterOperating margin
FY21−290%
FY221.2%
FY231.5%
FY247%
FY253.4%
FY2610%

Change on the year before (points)

  • Change on the year before (points) +6.6 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22+291.2 pts
FY23+0.3 pts
FY24+5.5 pts
FY25−3.6 pts
FY26+6.6 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 6-year window.

Jun 2026: operating margin 15.0% (+7.0 points on a year earlier)

  • Operating margin 15.0%
Jun 2026: operating margin 15.0% (+7.0 points on a year earlier)
QuarterOperating margin
Sep 20238%
Dec 20237%
Mar 20247%
Jun 20248%
Sep 2024−7%
Dec 20245%
Mar 20255%
Jun 20258%
Sep 20259%
Dec 202511%
Mar 202612%
Jun 202615%

Change on a year earlier (points)

  • Change on a year earlier (points) +7.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023–
Dec 2023+4.0 pts
Mar 2024+7.8 pts
Jun 2024+2.0 pts
Sep 2024−15.0 pts
Dec 2024−2.0 pts
Mar 2025−2.0 pts
Jun 20250.0 pts
Sep 2025+16.0 pts
Dec 2025+6.0 pts
Mar 2026+7.0 pts
Jun 2026+7.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Watch next

Metric
Operating Leverage Delivering, OPM Expanded Five…
Threshold
Q2 FY27 OPM falls below 9% despite price increases, indicating packaging inflation is overwhelming the operating leverage and exposing the headline margin as unsustainable.
Which result
the next result

Is Honasa Consumer's profit turning into cash?

Over the last 3 years, 124% of Honasa Consumer Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹141 Cr of operating cash against ₹200 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹231 Cr of spending on assets, free cash was −₹90.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹141 Cr against profit ₹200 Cr; 124% of 3 years' profit came in as cash

  • Operating cash ₹141
  • Net profit ₹200
  • Free cash −₹90
FY26: operating cash ₹141 Cr against profit ₹200 Cr; 124% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21₹30−₹1,332–
FY22₹45₹14–
FY23−₹52−₹151₹15
FY24₹235₹111₹157
FY25₹102₹73₹54
FY26₹141₹200−₹90
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 6-year window, yearly figures. FY22 was an acquisition year, so its point is cut off at the edge.

FY26: operating cash was 71% of profit (124% over three years)

  • Operating cash as % of profit 71%
  • Break-even line 100%
FY26: operating cash was 71% of profit (124% over three years)
QuarterOperating cash as % of profitBreak-even line
FY21–100%
FY22300%100%
FY23–100%
FY24212%100%
FY25140%100%
FY2671%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why 124% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.0× depreciation over three years. The next section checks what that spending is building.

Where does Honasa Consumer's cash go?

Honasa Consumer Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −71 days in FY26, up from −80 days in FY21. It spent ₹357 Cr on assets over the last 3 years. Customers take 30 days to pay, and stock sits for 92 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,392 Cr, each day of that cycle ties up about ₹6.6 Cr, so roughly −₹465 Cr is tied up in the business at any time.

FY26: customers took 30 days to pay and stock sat for 92 days, about 3.0 months of sales sitting as stock, for a full cycle of −71 days, longer than FY21's −80.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 92 days. Customers pay about 30 days after that. Suppliers are paid at 193 days. Together that makes the −71-day cycle.

FY26: a −71-day cash cycle, +9 days compared with FY21

  • Cash cycle −71d
  • Inventory days 92d
  • Debtor days 30d
  • Payable days 193d
FY26: a −71-day cash cycle, +9 days compared with FY21
QuarterCash cycleInventory daysDebtor daysPayable days
FY21−80d114d27d221d
FY22−105d86d28d219d
FY23−30d99d32d161d
FY24−71d83d30d185d
FY25−84d105d23d212d
FY26−71d92d30d193d
Debtor days, inventory days, payable days and the full cash cycle, each year. 6-year window.

Spending on assets: ₹357 Cr over the last 3 years, against ₹120 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹231 Cr, work in progress ₹0.0 Cr, a build-out

  • Capex ₹231
  • Work-in-progress ₹0.0
FY26: capex ₹231 Cr, work in progress ₹0.0 Cr, a build-out
QuarterCapexWork-in-progress
FY22₹330₹2
FY23−₹67₹0
FY24₹78₹0
FY25₹48₹0
FY26₹231₹0
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Honasa Consumer's P/E ratio, and how does it compare with its own history?

Honasa Consumer Ltd's P/E is 62.3×, near the low end of its own history: it has been lower only 16% of the time. Its usual P/E (the middle reading) is 95.4×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹7.65.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

P/E 62.3× against a usual 95.4×: near the low end of its own history: it has been lower only 16% of the time

  • P/E 62.2×
  • Median 95.4×
P/E 62.3× against a usual 95.4×: near the low end of its own history: it has been lower only 16% of the time
WeekP/EMedian
12 Nov 2023154.6×95.4×
17 Nov 2023154.6×95.4×
24 May 2024124.9×95.4×
31 May 2024128.1×95.4×
7 Jun 2024127.2×95.4×
14 Jun 2024124.6×95.4×
21 Jun 2024130.5×95.4×
28 Jun 2024125.6×95.4×
5 Jul 2024139.9×95.4×
12 Jul 2024137.9×95.4×
19 Jul 2024134.1×95.4×
26 Jul 2024135.1×95.4×
2 Aug 2024132.0×95.4×
9 Aug 2024121.8×95.4×
16 Aug 2024119.4×95.4×
23 Aug 2024120.5×95.4×
30 Aug 2024130.0×95.4×
6 Sep 2024136.8×95.4×
13 Sep 2024127.2×95.4×
20 Sep 2024123.0×95.4×
27 Sep 2024117.7×95.4×
4 Oct 2024110.1×95.4×
11 Oct 2024110.7×95.4×
18 Oct 2024109.0×95.4×
25 Oct 2024103.0×95.4×
1 Nov 2024101.8×95.4×
8 Nov 202498.3×95.4×
14 Nov 2024154.6×95.4×
22 Nov 202493.5×95.4×
29 Nov 2024109.8×95.4×
6 Dec 2024110.6×95.4×
13 Dec 2024103.3×95.4×
20 Dec 2024108.1×95.4×
27 Dec 2024102.8×95.4×
3 Jan 2025105.1×95.4×
10 Jan 2025100.6×95.4×
17 Jan 2025102.7×95.4×
24 Jan 2025101.5×95.4×
1 Feb 202595.4×95.4×
7 Feb 202589.0×95.4×
14 Feb 202592.3×95.4×
21 Feb 202593.0×95.4×
28 Feb 202589.5×95.4×
7 Mar 202593.1×95.4×
13 Mar 202587.2×95.4×
21 Mar 202591.8×95.4×
28 Mar 202596.4×95.4×
4 Apr 202597.4×95.4×
11 Apr 202596.5×95.4×
17 Apr 202597.2×95.4×
25 Apr 202596.4×95.4×
2 May 2025105.0×95.4×
9 May 2025102.6×95.4×
16 May 2025108.8×95.4×
23 May 2025147.3×95.4×
30 May 2025141.6×95.4×
6 Jun 2025143.2×95.4×
13 Jun 2025137.4×95.4×
20 Jun 2025134.5×95.4×
27 Jun 2025138.9×95.4×
4 Jul 2025132.4×95.4×
11 Jul 2025131.7×95.4×
18 Jul 2025128.2×95.4×
25 Jul 2025118.0×95.4×
1 Aug 2025121.5×95.4×
8 Aug 2025115.8×95.4×
14 Aug 2025123.2×95.4×
22 Aug 2025132.3×95.4×
29 Aug 2025129.2×95.4×
5 Sep 2025132.2×95.4×
12 Sep 2025132.2×95.4×
19 Sep 2025133.0×95.4×
26 Sep 2025125.5×95.4×
3 Oct 2025128.8×95.4×
10 Oct 2025128.8×95.4×
17 Oct 2025123.2×95.4×
24 Oct 2025121.9×95.4×
31 Oct 2025125.4×95.4×
7 Nov 2025120.9×95.4×
14 Nov 202572.2×95.4×
21 Nov 202570.9×95.4×
28 Nov 202571.7×95.4×
5 Dec 202568.0×95.4×
12 Dec 202564.7×95.4×
19 Dec 202566.9×95.4×
26 Dec 202566.4×95.4×
2 Jan 202672.4×95.4×
9 Jan 202671.8×95.4×
16 Jan 202670.7×95.4×
23 Jan 202667.2×95.4×
1 Feb 202668.3×95.4×
6 Feb 202670.6×95.4×
13 Feb 202661.6×95.4×
17 Feb 202661.3×95.4×
20 Feb 202661.4×95.4×
27 Feb 202661.9×95.4×
6 Mar 202659.4×95.4×
13 Mar 202654.9×95.4×
20 Mar 202659.1×95.4×
27 Mar 202660.9×95.4×
2 Apr 202662.1×95.4×
7 Apr 202662.5×95.4×
10 Apr 202670.4×95.4×
17 Apr 202670.5×95.4×
24 Apr 202671.2×95.4×
29 Apr 202670.8×95.4×
30 Apr 202669.5×95.4×
8 May 202673.4×95.4×
15 May 202672.3×95.4×
22 May 202661.4×95.4×
29 May 202665.0×95.4×
4 Jun 202666.6×95.4×
5 Jun 202666.5×95.4×
9 Jun 202665.2×95.4×
10 Jun 202666.2×95.4×
12 Jun 202666.1×95.4×
17 Jun 202664.1×95.4×
19 Jun 202666.9×95.4×
24 Jun 202666.5×95.4×
25 Jun 202666.9×95.4×
1 Jul 202674.5×95.4×
3 Jul 202674.0×95.4×
10 Jul 202675.6×95.4×
17 Jul 202674.8×95.4×
24 Jul 202671.9×95.4×
31 Jul 202672.0×95.4×
7 Aug 202676.5×95.4×
14 Aug 202664.9×95.4×
21 Aug 202662.2×95.4×
28 Aug 202660.8×95.4×
4 Sep 202660.8×95.4×
11 Sep 202660.8×95.4×
18 Sep 202661.9×95.4×
25 Sep 202660.1×95.4×
28 Sep 202660.0×95.4×
1 Oct 202655.3×95.4×
9 Oct 202660.5×95.4×
16 Oct 202658.4×95.4×
23 Oct 202655.8×95.4×
30 Oct 202657.1×95.4×
5 Nov 202662.2×95.4×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹8
Earnings per share, 12 months
WeekEarnings per share, 12 months
12 Nov 2023–
17 Nov 2023₹1
24 May 2024₹1
31 May 2024₹1
7 Jun 2024₹1
14 Jun 2024₹1
21 Jun 2024₹1
28 Jun 2024₹4
5 Jul 2024₹4
12 Jul 2024₹4
19 Jul 2024₹4
26 Jul 2024₹4
2 Aug 2024₹4
9 Aug 2024₹4
16 Aug 2024₹4
23 Aug 2024₹4
30 Aug 2024₹4
6 Sep 2024₹4
13 Sep 2024₹4
20 Sep 2024₹4
27 Sep 2024₹4
4 Oct 2024₹4
11 Oct 2024₹4
18 Oct 2024₹4
25 Oct 2024₹4
1 Nov 2024₹4
8 Nov 2024₹4
14 Nov 2024₹4
22 Nov 2024₹4
29 Nov 2024₹4
6 Dec 2024₹4
13 Dec 2024₹4
20 Dec 2024₹4
27 Dec 2024₹2
3 Jan 2025₹2
10 Jan 2025₹2
17 Jan 2025₹2
24 Jan 2025₹2
1 Feb 2025₹2
7 Feb 2025₹2
14 Feb 2025₹2
21 Feb 2025₹2
28 Feb 2025₹2
7 Mar 2025₹2
13 Mar 2025₹2
21 Mar 2025₹2
28 Mar 2025₹2
4 Apr 2025₹2
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Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 3 years of history; short peaks above 155× are drawn at the top edge.

PEG 3.39: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 3.39×
  • PEG = 1.0 1.00×
PEG 3.39: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Q4 FY240.55×1.00×
Q1 FY256.00×1.00×
Q2 FY253.37×1.00×
Q3 FY251.73×1.00×
Q4 FY254.86×1.00×
Q1 FY264.55×1.00×
Q2 FY261.10×1.00×
Q3 FY260.95×1.00×
Q4 FY260.90×1.00×
Q1 FY273.39×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 10 quarters; values above 6 are drawn at the top edge.
62.3×P/E · lower than 84% of its last 3 years
2.04PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +174.6% while the price moved +75.9%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 3 years the price moved +14.5% a year; about +133.3% a year came from earnings growth and about −118.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

What growth does the Honasa Consumer share price assume?

Worked out from its price on 24 August 2026, Honasa Consumer Ltd's share price assumed profit growth of about 31.0% a year. Today its P/E is 62.3×, lower than 84% of its own last 3 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 24 August 2026. Every other number on this page, the multiple included, uses the latest price as of 5 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Is the Honasa Consumer business getting better or worse?

Honasa Consumer Ltd's business is getting better. Profit growth hit its low 8 quarters ago at −20.0% and has recovered to +119.5% (from single-quarter figures), with ROCE rising at 23.6%. This is based on 12 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +15.7% in FY26, profit +174.0%

  • Revenue growth 15.7%
Growth year by year: revenue +15.7% in FY26, profit +174.0%
QuarterRevenue growth
FY21–
FY22105%
FY2358.3%
FY2428.6%
FY257.7%
FY2615.7%

Profit growth, EPS growth

  • Profit growth 174%
  • EPS growth 174.6%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22––
FY23−300%−300%
FY24––
FY25−34.2%−35.1%
FY26174%174.6%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters: revenue accelerating, profit accelerating

  • Revenue 21.1%
Three growth lines over twelve quarters: revenue accelerating, profit accelerating
QuarterRevenue
Sep 2023–
Dec 2023–
Mar 202428.6%
Jun 202422.2%
Sep 202414.2%
Dec 20249.2%
Mar 20257.8%
Jun 20255%
Sep 202510.6%
Dec 202513.2%
Mar 202615.7%
Jun 202621.1%

Profit, EPS

  • Profit 119.5%
  • EPS 237%
Profit, EPS
QuarterProfitEPS
Sep 202370.6%–
Dec 2023271.4%–
Mar 2024––
Jun 202460%–
Sep 2024−165.5%–
Dec 20240%–
Mar 2025−16.7%−61.4%
Jun 20252.5%−55.8%
Sep 2025–68%
Dec 202592.3%98.8%
Mar 2026176%174.6%
Jun 2026119.5%237%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 23.6%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 2023−8.5%
Dec 2023−5.5%
Mar 202416.4%
Jun 202418.4%
Sep 202411.3%
Dec 202410.7%
Mar 20258%
Jun 20258.3%
Sep 202513.8%
Dec 202516.7%
Mar 202619.1%
Jun 202623.6%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
RisingRevenue growth · latest +21.1%, range +5.0% to +28.6%
RisingProfit growth · latest +119.5%, range −100.0% to +100.0%
RisingROCE · latest 23.6%, range −8.5% to 23.6%

Why it matters: a lasting rise from a low is what this page is built to show.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+15.7%+17.0%+39.1%—
Profit+174.0%———
EPS+174.6%———
Share price+75.9%+14.5%——
+27.1%Revenue growth (Jun 2026) · latest quarter against a year ago
+119.5%Profit growth (Jun 2026) · latest quarter against a year ago
39.1%Revenue, 5 years · yearly growth over the long run

What is the Honasa Consumer story, and has it been checked?

Honasa Consumer Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: RECOVERY CONFIRMED.

NOT YET CHECKED

The test written in advance. Management Narrative Consistency, Seven Flags Across Five Concalls. Measured by: Management Narrative Consistency, Seven Flags Across Five Concalls by the next result.

What the company does. Jun 2026 revenue Rs756 Cr with OPM 15% and PAT Rs90 Cr marks the strongest quarter in the company's listed history; however, management confirmed an unquantified one-time cost benefit, making the underlying margin closer to 12% once that is stripped out. Derma Co crossed Rs1,000 Cr in scale and became Honasa's second billion-rupee brand; younger brands collectively grew above 40%; the channel-quality concern from the Project Neev era has been resolved with distributor collections at their highest-ever level and inventory below 30 days.

The key numbers to watch, and the level that would change the picture

The key numbers to watch, and the level that would change the picture
MeasureNowWhy it mattersWhat to watch
Operating Leverage Delivering, OPM…HIGHOPM rose from 5% in Mar-25 to 15% in Jun-26; the underlying margin after the one-time benefit is 12%, still a strong improvement…Q2 FY27 OPM falls below 9% despite price increases, indicating packaging inflation is overwhelming the operating leverage and exposing the headline…
Derma Co Reaches Rs1,000 Cr Scale, Second…HIGHDerma Co crossed Rs1,000 Cr in Q1 FY27 and is Honasa's second brand at that scale; face cleansers alone exceeded Rs200 Cr…Derma Co's EBITDA margin falls below double-digit levels as it expands offline distribution, signalling that the offline model is diluting rather…
Younger Brands Portfolio Growing Above 40%MEDIUMYounger brands collectively grew above 40% in Q1 FY27; excluding BTM Ventures, growth remained above 30%; portfolio…Younger brands growth decelerates below 20% for two consecutive quarters as the post-refresh and post-acquisition momentum normalizes, reducing the…

Everything further down this page is evidence for or against these.

The numbersrecovery confirmedFY26-Q2 to FY27-Q1
The pricerising, above the 200-day averageFY26-Q2 to FY27-Q1
The whymultiple below its usual level, earnings risingFY26-Q2 to FY27-Q1

FY26-Q2FY27-Q1

What the surface reading misses. The surface reading is: The reported return ratios indicate profitable use of capital and equity. The research reads it further: These ratios summarize current profitability, but their durability depends on whether the margin profile can persist.

  • 1 · Operating leveragebuilding
  • 2 · Value-added mixquiet
  • 3 · Management changequiet
  • 4 · Paying down debtquiet
  • 5 · Regulatory approvalquiet
  • 6 · Order-book winsquiet
  • 7 · Consolidationquiet
  • 8 · Demerger or value unlockquiet
  • 9 · Buybackquiet
  • 10 · New geographiesquiet
  • 11 · More business from existing customersquiet
  • 12 · New product launchquiet
  • 13 · Mandatory normsquiet
  • 14 · A bigger market to servebuilding
  • 15 · Market-share gainsbuilding
  • 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. OPM rose from 5% in Mar-25 to 15% in Jun-26; the underlying margin after the one-time benefit is 12%, still a strong improvement from the trough. What proves it keeps working: Operating Leverage Delivering, OPM Expanded Five Consecutive Quarters. It stops working if Q2 FY27 OPM falls below 9% despite price increases, indicating packaging inflation is overwhelming the operating leverage and exposing the headline margin as unsustainable.

Lever 15 · Market-share gains: building. Derma Co crossed Rs1,000 Cr in Q1 FY27 and is Honasa's second brand at that scale; face cleansers alone exceeded Rs200 Cr run-rate. What proves it keeps working: Derma Co Reaches Rs1,000 Cr Scale, Second Flagship Brand Confirmed. It stops working if Derma Co's EBITDA margin falls below double-digit levels as it expands offline distribution, signalling that the offline model is diluting rather than adding to the profitability of the brand.

Lever 14 · A bigger market to serve: building. Younger brands collectively grew above 40% in Q1 FY27; excluding BTM Ventures, growth remained above 30%; portfolio diversification beyond Mamaearth is confirmed. What proves it keeps working: Younger Brands Portfolio Growing Above 40%. It stops working if Younger brands growth decelerates below 20% for two consecutive quarters as the post-refresh and post-acquisition momentum normalizes, reducing the portfolio's growth diversification below a meaningful level.

Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

The whole page in one table. Each row links to its section.
SectionWhere it is nowThe one thing to watch next
Margin12%Operating Leverage Delivering, OPM Expanded Five…
Revenue₹657 CrDerma Co Reaches Rs1,000 Cr Scale, Second Flagship Brand…

Did Honasa Consumer management deliver what it promised?

What Honasa Consumer Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

Staze Category Positioning Appears to Have Changed · 13 August 2026. The February 2026 call positioned Staze as a color-cosmetics brand, while the August 2026 Q&A appears to identify Staze as the starting point for the company's fragrance strategy. Because the latest transcript marks the brand name as unclear, management should clarify whether this is the same brand or a separate launch, as the category and strategic role are materially different.

Contradictory Consolidation Timeline for Dr. Sheth's · 21 May 2026. In the Nov 2025 and Feb 2026 calls, management repeatedly cited Dr. Sheth's as an established, performing brand within their existing young brands portfolio. However, in the May 2026 call, management claimed Dr. Sheth's was newly acquired and in its 'first quarter of consolidation' to explain a 40% growth in the younger brands segment, materially misrepresenting the brand's organic history.

Inconsistent Brand Attribution for Recent Acquisition · 21 May 2026. The Feb 2026 call highlighted the acquisition of 'Reginald Men,' describing it as a South India-focused men's sunscreen brand to capture the male skin care market. In the May 2026 call, when an analyst erroneously inquired about 'Dr. Sheth's for men' being acquired five months prior, management completely agreed with the premise and incorrectly attributed the exact strategic profile of Reginald Men to Dr. Sheth's.

Inconsistent EBITDA Margin Expansion Guidance · 12 February 2026. Management has provided fluctuating annual profitability improvement goals over three consecutive calls, moving from a range of 100-150 basis points in August 2025 to 50-100 basis points in November 2025, before settling on a flat 100 basis points in February 2026. This lack of a stable goal for operational leverage creates uncertainty regarding the long-term margin trajectory as the company scales. Later call (Feb 2026): “Our goal is to improve the margin profile by 100 basis points annually.”

Every quote above is taken word for word from the company’s own earnings calls.

How much does Honasa Consumer earn on its capital?

Honasa Consumer Ltd earned a ROCE of 19% in FY26. That is up from a low of 3% in FY23. Its return on capital used (ROIC) is 6.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 8.4% net margin and 1.14× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 8.4% net margin × 1.14× asset turnover × 1.49× leverage (assets divided by equity) ≈ 14.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 18.2% − 12.0% = +6.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 18.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 16.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 19%, the climb back from FY23's 3%

  • ROCE 19%
  • ROIC (annual) 16.4%
  • Cost of capital 12%
FY26: ROCE 19%, the climb back from FY23's 3%
QuarterROCEROIC (annual)Cost of capital
FY225%1.1%12%
FY233%−0.6%12%
FY2416%18%12%
FY258%3%12%
FY2619%16.4%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q4 FY26: ROCE 12.6% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 12.6%
  • ROIC (12 months) 17.2%
  • Cost of capital 12.0%
Q4 FY26: ROCE 12.6% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q2 FY246.8%–12%
Q3 FY24––12%
Q4 FY248.8%13.1%12%
Q1 FY25–19.5%12%
Q2 FY253.5%20.7%12%
Q3 FY25–6.5%12%
Q4 FY251.7%4%12%
Q1 FY26–1.7%12%
Q2 FY267%−0.5%12%
Q3 FY26–10.6%12%
Q4 FY2612.6%13.1%12%
Q1 FY27–17.2%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Honasa Consumer have too much debt?

Honasa Consumer Ltd has total debt of ₹135 Cr against shareholder equity of ₹1,412 Cr as of Jun 2026, so its debt is 0.10× its equity, which is very little. Year by year, that ratio went from 0.15 in FY23 to 0.10 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹135 Cr, 0.10× equity

  • Total debt ₹135
FY26: debt ₹135 Cr, 0.10× equity
QuarterTotal debt
FY23₹92
FY24₹131
FY25₹136
FY26₹135

Debt-to-equity

  • Debt-to-equity 0.10×
Debt-to-equity
QuarterDebt-to-equity
FY230.15×
FY240.12×
FY250.12×
FY260.10×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 4-year window.

Jun 2026: debt ₹135 Cr, debt-to-equity 0.10

  • Total debt (quarterly) ₹135
Jun 2026: debt ₹135 Cr, debt-to-equity 0.10
QuarterTotal debt (quarterly)
Sep 2023₹119
Dec 2023₹119
Mar 2024₹131
Jun 2024₹131
Sep 2024₹139
Dec 2024₹139
Mar 2025₹136
Jun 2025₹136
Sep 2025₹142
Dec 2025₹142
Mar 2026₹135
Jun 2026₹135

Debt-to-equity

  • Debt-to-equity 0.10×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.18×
Dec 20230.18×
Mar 20240.12×
Jun 20240.12×
Sep 20240.12×
Dec 20240.12×
Mar 20250.12×
Jun 20250.12×
Sep 20250.11×
Dec 20250.11×
Mar 20260.10×
Jun 20260.10×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Honasa Consumer shareholding pattern?

Domestic institutions raised their stake in Honasa Consumer Ltd by 5.9 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 23.4% of the company. Foreign institutions moved −4.4 points over the same period, to 14.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +5.9 points over 8 quarters, to 23.4%; Foreign institutions: −4.4 points over 8 quarters, to 14.9%; Promoters: +0.5 points over 8 quarters, to 35.5%.

Why the owners changed: foreign institutions moved −4.4 points and domestic institutions +5.9 points over 8 quarters, while promoters moved +0.5 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company.

Year ends: promoters +0.5 points from Mar 2024 to Mar 2026

  • Promoters 35.54%
  • Foreign inst. 13.74%
  • Domestic inst. 19.24%
  • Public 31.48%
Year ends: promoters +0.5 points from Mar 2024 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202435.07%12.22%15.91%36.8%
Mar 202534.99%15.55%18.49%30.97%
Mar 202635.54%13.74%19.24%31.48%
Shareholding at each year end (March quarter), % of the company. 3 year ends on file.

Domestic institutions raised their stake by 5.9 points over 8 quarters

  • Promoters 35.47%
  • Foreign inst. 14.91%
  • Domestic inst. 23.37%
  • Public 26.24%
Domestic institutions raised their stake by 5.9 points over 8 quarters
QuarterPromotersForeign inst.Domestic inst.Public
Dec 202335.34%10.12%17.58%36.96%
Mar 202435.07%12.22%15.91%36.8%
Jun 202435.07%13.95%17.36%33.62%
Sep 202434.98%19.31%17.49%28.23%
Dec 202435.03%15.44%18.45%31.07%
Mar 202534.99%15.55%18.49%30.97%
Jun 202534.99%16.09%18.9%30.02%
Sep 202534.97%15.5%19.15%30.36%
Dec 202535.54%14.62%18.64%31.19%
Mar 202635.54%13.74%19.24%31.48%
Jun 202635.47%13.64%21.58%29.3%
Sep 202635.47%14.91%23.37%26.24%
Shareholding by owner group, % of the company, each quarter, last 12 quarters.

How far is Honasa Consumer from balance-sheet trouble?

For Honasa Consumer Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Honasa Consumer rank in its industry?

60.9 out of 100, rank 3 of 6 in New age - Platform - E-Retail, with 86% of the evidence available.

Honasa Consumer Ltd scores 60.9 out of 100 against the 6 companies it is compared with in New age - Platform - E-Retail, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.5 + 15.3 + 7.4 + 11.7 = 60.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Honasa Consumer compared with?

Honasa Consumer ranks 3 of 6 New age - Platform - E-Retail companies on the 4-Factor Sector Score, with 60.9 out of 100.

  1. 1GNG Electronics LtdEBGNG · leader · Most evidence points up · 80% evidence70.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.2/35 · Revenue 35.6% · Profit 88.2% · Operating margin change 4 points · 100% evidenceCapital efficiency 17.9/25 · ROCE 20.2% · Operating margin 15% · 100% evidenceValuation 10.0/20 · P/E 50.1× · PEG — · 0% evidenceRelative strength 20.0/20 · Lead over its industry 24.4% · Lead over NIFTY 500 50.4% · 1 year 96.9% · 100% evidence · 12 of 12 weeks aheadExact sum: 22.2 + 17.9 + 10 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2FSN E-Commerce Ventures LtdNYKAA · leader · Evidence leans up · 72% evidence63.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.5/35 · Revenue 27.4% · Profit 100% · Operating margin change 2 points · 95% evidenceCapital efficiency 15.0/25 · ROCE 17.2% · Operating margin 9% · 76% evidenceValuation 10.0/20 · P/E 303× · PEG — · 0% evidenceRelative strength 13.6/20 · Lead over its industry 3.6% · Lead over NIFTY 500 28.7% · 1 year 41.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 24.5 + 15 + 10 + 13.6 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Honasa Consumer Ltd this pageHONASA · turning · Evidence leans up · 86% evidence60.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.5/35 · Revenue 21.1% · Profit 100% · Operating margin change 7 points · 88% evidenceCapital efficiency 15.3/25 · ROCE 19.2% · Operating margin 15% · 100% evidenceValuation 7.4/20 · P/E 62.3× · PEG 2.33 · 50% evidenceRelative strength 11.7/20 · Lead over its industry 2.4% · Lead over NIFTY 500 25.6% · 1 year 55.5% · 100% evidence · 8 of 12 weeks aheadExact sum: 26.5 + 15.3 + 7.4 + 11.7 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Lenskart Solutions LtdLENSKART · breaking out · Evidence leans up · 70% evidence57.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 33.9/43.75 · Revenue 37.1% · Profit 81% · Operating margin change 2 points · 100% evidenceCapital efficiency 17.3/31.25 · ROCE 8.1% · Operating margin 22% · 100% evidenceValuation 6.3/25 · P/E 159× · PEG 3.22 · 50% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 33.9 + 17.3 + 6.3 = 57.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone.
  5. 5Meesho LtdMEESHO · breaking out · Too little evidence to rank firmly · 51% evidence47.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 34.6/43.75 · Revenue 39.8% · Profit 56.7% · Operating margin change 9 points · 74% evidenceCapital efficiency 0.3/31.25 · ROCE -40% · Operating margin -6% · 100% evidenceValuation 12.5/25 · P/E — · PEG — · 0% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 34.6 + 0.3 + 12.5 = 47.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  6. 6Brainbees Solutions LtdFIRSTCRY · quiet · Most evidence points down · 61% evidence26.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 11.7/35 · Revenue 11.7% · Profit 29.2% · Operating margin change 1 points · 62% evidenceCapital efficiency 5.2/25 · ROCE 0.6% · Operating margin 2.8% · 76% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 0.0/20 · Lead over its industry -44.9% · Lead over NIFTY 500 -28.9% · 1 year -54.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 11.7 + 5.2 + 10 + 0 = 26.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: New age - Platform - E-Retail, all 6 compared on one page.

Which companies are close to Honasa Consumer in size?

Honasa Consumer is the 4th largest of 6 New age - Platform - E-Retail companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Lenskart Solutions, Meesho and FSN E-Commerce Ventures. Just below it: GNG Electronics and Brainbees Solutions.

New age - Platform - E-Retail companies close in size

  1. Lenskart Solutions Ltd ₹1,24,708 crore
  2. Meesho Ltd ₹1,08,076 crore
  3. FSN E-Commerce Ventures Ltd ₹1,00,463 crore
  4. Honasa Consumer Ltd ₹15,718 crore
  5. GNG Electronics Ltd ₹8,318 crore
  6. Brainbees Solutions Ltd ₹8,236 crore

All 6 New age - Platform - E-Retail companies, largest first

Companies close in size in other industries

  1. JSW Cement Ltd ₹15,747 crore · Cement
  2. Sumitomo Chemical India Ltd ₹15,728 crore · Pesticides/Agrochemicals
  3. Honasa Consumer Ltd ₹15,718 crore
  4. Emami Ltd ₹15,703 crore · FMCG - Personal Care
  5. PVR Inox Ltd ₹15,543 crore · Entertainment & Media

What else do people ask about Honasa Consumer?

What were Honasa Consumer's latest quarterly results?

Honasa Consumer Ltd reported revenue of ₹756 Cr and net profit of ₹90.0 Cr for the Jun 2026 quarter. Revenue rose 27.1% and profit rose 119.5% compared with a year earlier. Earnings per share were ₹2.77.

The operating margin was 15.0%, 7.0 percentage points higher than a year earlier (as of 5 November 2026).

What is Honasa Consumer's market cap?

Honasa Consumer Ltd's market capitalisation is ₹15,718 Cr at a share price of ₹481.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 5 November 2026).

How is Honasa Consumer performing?

Honasa Consumer Ltd's share price has been rising for 30 weeks. In its latest quarter, revenue rose 27.1% and profit rose 119.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 5 weeks running (as of 5 November 2026).

Will Honasa Consumer's share price go up?

This page does not forecast Honasa Consumer Ltd's share price. What it shows instead: the share price is ₹481.75, and it has been rising for 30 weeks. Its P/E of 62.3× is higher than 16% of its own last 3 years (as of 5 November 2026).

Who owns Honasa Consumer?

Promoters own 35.5% of Honasa Consumer Ltd, foreign institutions 14.9%, domestic institutions 23.4% and the public 26.2% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 5.9 percentage points over 8 quarters (as of 5 November 2026).

Does Honasa Consumer have too much debt?

No, Honasa Consumer Ltd has little debt: its debt is 0.10× its equity, and its operating profit is 18 times its interest bill. FY26 borrowings were ₹135 Cr against equity of ₹1,411 Cr.

So the returns on this page come from the business, not borrowed money (as of 5 November 2026).

Where is Honasa Consumer in its business cycle?

Honasa Consumer Ltd's FY26 operating margin was 10.0%, against a 6-year range of −290.0% to 10.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 15.0%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 5 November 2026).

What could break the Honasa Consumer story?

The main question: yearly earnings per share moved +174.6% while the share price moved +75.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 5 November 2026).

Is Honasa Consumer a stock worth studying right now?

What the numbers show: Honasa Consumer Ltd's results are improving, while its P/E is near the low end of its own history over 3 years, higher than only 16% of past readings. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 5 November 2026).

Is there a Honasa Consumer share price forecast for 2026?

What management itself guided: Company revenue yearly growth in the high teens over five years; FY27 growth expected above that framework.

What is changing at Honasa Consumer, from the latest results and calls: operating leverage delivering, operating margin expanded five consecutive quarters, derma co reaches ₹1,000 crore scale, second flagship brand confirmed and younger brands portfolio growing above 40%. What would change the story: Operating margins rolling back below 10% in two consecutive quarters without a recoverable cause, combined with younger-brand growth stalling below 20%, would signal the recovery is a margin-peak cycle rather than a durable platform expansion.

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 5 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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