Honasa Consumer Limited delivered robust financial performance in the third quarter of FY26, demonstrating strong operational efficiency and growth momentum across its beauty and personal care portfolio. The company announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following board approval on February 12, 2026.

Financial Performance Highlights

The company's consolidated financial results showcased impressive growth across key performance indicators. Revenue from operations reached significant milestones, while profitability metrics demonstrated the effectiveness of the company's strategic initiatives and operational improvements.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company maintained its growth trajectory with consolidated revenue from operations reaching ₹17,348.58 million compared to ₹15,333.89 million in the corresponding period of the previous year, marking a 13.13% increase. Net profit after tax for the nine-month period stood at ₹1,307.52 million, significantly higher than ₹477.08 million recorded in the same period last year.

Strategic Investments and Corporate Actions

During Q3FY26, Honasa Consumer made strategic investments to strengthen its market position and expand its business portfolio. The company invested ₹99.98 million for a 25% stake in Couch Commerce Private Limited, which has been accounted for as a joint venture under the equity method as per Ind AS 28.

Subsequent to the quarter end, the company announced the acquisition of a 95% stake in BTM Ventures Private Limited for a purchase consideration of ₹1,979.62 million, demonstrating its commitment to inorganic growth opportunities.

Exceptional Items and Regulatory Impact

The company recorded exceptional items of ₹47.97 million during the quarter, attributed to the implementation of new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate various existing labour laws and introduce changes in wage definitions, impacting employee benefit obligations such as gratuity and compensated absences.

Earnings Per Share Performance

Consolidated earnings per share for Q3FY26 stood at ₹1.54 (basic) and ₹1.54 (diluted), compared to ₹0.80 (basic) and ₹0.79 (diluted) in Q3FY25. For the nine-month period, earnings per share reached ₹4.02 (basic) and ₹4.00 (diluted) compared to ₹1.47 (basic) and ₹1.46 (diluted) in the corresponding period last year.

The company's strong financial performance reflects its successful execution of strategic initiatives, effective cost management, and growing market presence in the beauty and personal care segment. With a paid-up share capital of ₹3,253.70 million and continued focus on operational excellence, Honasa Consumer is well-positioned for sustained growth in the coming quarters.

Singapore-based Arohi Asset Management Pte. Ltd. has crossed the 5% shareholding threshold in Honasa Consumer Limited following a strategic acquisition of 760,000 shares on January 19, 2026. The asset manager disclosed this substantial acquisition to BSE Limited on January 30, 2026, in compliance with SEBI regulations governing significant shareholding changes.

Acquisition Details and Holdings Structure

The recent purchase increased Arohi Asset Management's total holding from 15,803,262 shares to 16,563,262 shares, representing a jump from 4.857% to 5.091% of Honasa Consumer's total issued share capital. The acquisition was executed through open market transactions, with the company's equity share capital remaining unchanged at 325,369,794 shares.

Fund Distribution and Management Structure

The shareholding is distributed across four distinct investment vehicles managed by Arohi Asset Management, each operating independently without common acquisition objectives. The funds maintain separate voting rights and management strategies, as outlined in the regulatory disclosure.

Recent Trading Activity

The January 19, 2026 acquisition involved two of the managed funds, with AROHI EMERGING INDIA MASTER FUND purchasing 415,000 shares and MAP INSTITUTIONAL LLC - 804 SERIES acquiring 345,000 shares. Both transactions were executed on the same trading date through open market purchases.

Regulatory Compliance and Disclosure

The disclosure was filed under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Brian Cheang, serving as Compliance Officer, and Chandrashekar Shekar, Director of Arohi Asset Management Pte. Ltd., signed the regulatory filing from Singapore. The company emphasized that despite crossing the 5% threshold, the funds operate independently with no coordinated acquisition strategy or control objectives.

Honasa Consumer Limited shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The acquisition represents a significant institutional investment in the consumer goods company, reflecting confidence in its business prospects among international fund managers.