Honasa Consumer Shares Jump 6.5% After Strong Q3 FY26 Results; Mamaearth Returns to Double-Digit Growth

Shares of Honasa Consumer, the parent company of Mamaearth, surged sharply after the company reported solid Q3 FY26 earnings following market hours on Thursday. The Honasa consumer shares climbed to an intraday high of Rs. 319, with a gain of about 6.5%, as investors reacted positively to the company's double-digit revenue growth and strong profit jump.

Revenue Rises 16%, Sales Growth Stronger

For the December quarter of FY26, Honasa Consumer posted a 16% year-on-year rise in revenue to around Rs. 601.5 crore, compared with Rs. 517.5 crore in the same period last year.

Honasa Consumer also reported a sharp 92.9% jump in consolidated net profit, which rose to approximately Rs. 50.2 crore in Q3 FY26.
The company noted that adjusted for the Flipkart settlement, overall sales growth stood at 21%, due to improving demand momentum across its product portfolio.

The sharp rise in Honasa consumer revenue is mainly because of the stronger traction in skincare, personal care, and digital-first beauty segments in the D2C market.

Mamaearth Back to Double-Digit Growth; The Derma Co. Scales Up

In its exchange filing, the company said, "Our flagship and largest brand, Mamaearth, is back to double-digit growth, driven by product superiority and sharper investments. Aspirational Gen Z-led communication, market-beating formulations, and focused investment choices translated into stronger traction and market share gains across key categories. The Derma Co., a leading science-backed skincare brand in India, continued to scale with a healthy doubledigit EBITDA profile and increasing consumer pull, while our younger brands grew over 25%, backed by rising adoption in focus segments."

Honasa Consumer Share Performance

As per recent market data, Honasa consumer shares were trading near Rs. 304.25, About 1.7% gain at the time of writing. The stock has gained roughly 5.5% over the past five days and nearly 32% surge over the past year

Honasa Consumer Share Price Target

Global brokerage Goldman Sachs has maintained a neutral rating on Honasa Consumer but raised the target price to Rs. 330 from Rs. 300, citing improving profitability and steady growth momentum. The brokerage said, "Q3 revenue beat estimates by around 4%, while the EBITDA margin stood at 10.9%, about 240 basis points higher than expectations. Growth was primarily driven by younger brands, with the company's offline revamp strategy beginning to show tangible results. We expects advertising and promotion (A&P) normalization to support nearly 100 basis points of annual margin expansion,we raise EPS estimates for FY26-FY28 on the back of better profitability outlook."

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