mamaearth parent Honasa Consumer Limited has reported its financial results for the quarter and year ended March 31, 2026. The company delivered its highest-ever quarterly revenue on a Like-for-Like (LFL) basis, growing 28% year-on-year. This performance marks the third consecutive quarter of 20%+ growth for the company. The audited standalone and consolidated financial results were approved by the Board on May 21, 2026, and subsequently published in newspapers on May 22, 2026.

Q4 Financial Highlights

The company's consolidated net profit for Q4 FY26 stood at 692m Rupees, more than doubling compared to 250m Rupees in the corresponding quarter of the previous year. EBITDA increased to 771m Rupees from 270m Rupees year-on-year, reflecting significant operational efficiency. The Board has approved a maiden final dividend of INR 3 per equity share, subject to shareholder approval.

The following table summarises the key financial metrics for the quarter:

Operational Performance

Honasa Consumer's Focus Categories grew 35%+ during the period, with all key channels contributing to the momentum. Mamaearth strengthened its offline distribution ecosystem, billing directly through approximately 1.2 lakh outlets during FY26. The Derma Co. maintained a double-digit EBITDA profile while continuing to deliver strong growth across channels. Younger brands within the portfolio grew 40%+ year-on-year in FY26. Notably, Reginald Men, in its first quarter of consolidation, achieved an Annual Recurring Revenue (ARR) of INR 100 Cr+, doubling its revenue year-on-year.

Management Guidance

During the earnings concall, Honasa Consumer outlined its medium-term growth strategy. The company plans to achieve a high teens CAGR over the next five years, with an aim to improve its EBITDA profile by 500 basis points over the same period, targeting 100 basis points improvement annually. Mamaearth is expected to deliver a double-digit CAGR over the next five years, with distribution expanding from 200,000 to potentially 0.5 million outlets. Younger brands and focus categories are anticipated to continue driving strong growth for the company in the upcoming period.

The following table outlines the key guidance parameters shared during the concall:

Board Decisions

The Board of Directors, at its meeting held on May 21, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, the Board recommended the re-appointment of Mr. Subramaniam Somasundaram as an Independent Director for a second term of five years, effective from February 11, 2027, subject to shareholder approval. The Board also approved the appointment of BDO India Services Private Limited as Internal Auditors for the financial year 2026-27. Furthermore, the Board designated Mr. Vipul Maheshwari as EVP – Product and Data, Mr. Nishchay Bahl as SVP – Offline Revenue, and Mr. Nilesh Kotalwar as SVP – Online Revenue as Senior Management Personnel with effect from May 21, 2026.

Honasa Consumer Limited has revised its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The revised code was approved by the Board of Directors on May 21, 2026, in compliance with Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company has submitted the document to the National Stock Exchange of India Limited and BSE Limited, and it will be hosted on its official website.

Purpose and Scope of the Code

The primary objective of the Fair Disclosure Code is to ensure the prompt, accurate, and non-discriminatory disclosure of UPSI that may materially affect the price of Honasa's securities. It seeks to prevent selective or inadvertent disclosure of information outside the established framework while preserving confidentiality until public dissemination. The code applies to Honasa Consumer Limited and, to the extent applicable, to all its subsidiaries. All directors, key managerial personnel, and employees are required to familiarize themselves with and adhere to these guidelines.

Principles of Fair Disclosure

To maintain transparency and consistency, the company has outlined specific principles for handling UPSI. These include promptly disclosing any information that impacts price discovery once it becomes credible and concrete. Information must be uniformly disseminated to stock exchanges and made available on the company's website to avoid selective disclosure. Additionally, the company is mandated to disclose press releases, quarterly and annual financial results, and investor presentations on its website for public reference.

The code explicitly states that employees must not respond to enquiries from stock exchanges, media, or others unless authorized by the Chief Investor Relations Officer (CIRO). In instances where UPSI is disclosed selectively or inadvertently, the company is required to take immediate steps to make such information generally available. It also outlines the protocol for responding to queries on market rumours from regulatory authorities, noting that the company is not obliged to comment on every rumour unless specifically requested by a stock exchange.

Handling Information and Legitimate Purposes

The framework emphasizes that information shared with analysts and research personnel must not be UPSI. To ensure official confirmation, the company plans to maintain transcripts or records of proceedings from meetings with analysts and investor conferences on its official website. All interactions with institutional shareholders and fund managers are to be based on generally available information accessible to the public on a non-discriminative basis.

UPSI may be disclosed to persons requiring it for legitimate purposes, such as partners, lenders, legal advisors, auditors, and consultants, provided it is shared on a need-to-know basis. The policy for determining legitimate purposes mandates that such sharing must occur in the ordinary course of business and be necessary to complete specific tasks or assignments. The Fair Disclosure Code is subject to review by the Board of Directors as and when deemed necessary.