Mamaearth , the parent company of brands like Mamaearth and The Derma Co., has reported strong financial results for the first quarter, marking a solid start to the year with record-breaking revenue and profit figures.

Financial Highlights

• Consolidated revenue from operations grew by 7.4% year-over-year to Rs 595.25 crore, the highest quarterly revenue ever recorded by the company.
• Profit after tax (PAT) increased to Rs 41.33 crore, up from Rs 40.26 crore in the same quarter last year, representing a 2.6% growth.
• EBITDA margin improved to 7.7%, showing a significant sequential improvement of 264 basis points.
• Gross profit margin expanded to 71.2%, up 48 basis points year-over-year.

Business Performance

Varun Alagh, Chairman, CEO & Co-founder of Honasa Consumer Limited, commented on the results: "Q1 marked a strong start to the year, with Honasa delivering its highest-ever quarterly revenue of ₹595.25 crore and a record quarterly profit of ₹41.33 crore, supported by a sequential improvement in EBITDA margin to 7.7%."

The company's focus categories, which now contribute over 80% of revenues, posted double-digit growth year-over-year. This growth was driven by strong e-commerce performance and solid offtake growth in modern trade, which saw a 30%+ year-over-year increase.

Brand Performance

• Mamaearth continued to show sequential improvement, with double-digit growth in focus categories across key channels.
• The Derma Co. sustained strong momentum, with its face cleanser category growing over 100% year-over-year, making it the third category after serums and sunscreens to cross ₹100 crore in annual revenue run rate.
• Younger brands in the portfolio, including Aqualogica, Dr. Sheth's, and BBlunt, delivered over 20% growth in Q1.

Distribution Expansion

Honasa Consumer has been actively expanding its offline presence:

• The company's retail footprint expanded to 240,113 FMCG outlets across India, marking a 20% year-over-year increase in distribution.
• Direct outlet billing through distributors increased by over 50% year-over-year in Q1.
• Modern trade channels showed a 20%+ year-over-year offtake growth.

Innovation and Product Development

The company continues to focus on innovation, launching new products across its brand portfolio:

• Mamaearth introduced new variants in face wash and shampoo categories.
• The Derma Co. expanded into the hair care category with a new anti-hair fall shampoo.
• Aqualogica and Dr. Sheth's launched new moisturizers and sunscreens.

Future Outlook

Honasa Consumer remains committed to its strategy of focusing on select, sharply defined category segments within core categories. The company is driving awareness-led brand building and executing an 'always-on' media strategy to maintain growth momentum.

With its strong start, Honasa Consumer Limited appears well-positioned to capitalize on the growing beauty and personal care market in India, leveraging its multi-brand portfolio and expanding distribution network.

Mamaearth , the parent company behind popular brands like Mamaearth, has received approval from the National Company Law Tribunal (NCLT) for a significant corporate restructuring move. The NCLT has given the green light to Honasa's scheme to amalgamate two of its subsidiaries, Fusion Cosmeceutics and Just4Kids Services, into the parent company.

Key Details of the Amalgamation

• Approval Date: The certified NCLT order was received by Honasa Consumer on June 25, 2025.
• Subsidiaries Involved:
  1. Fusion Cosmeceutics
  2. Just4Kids Services
• Next Steps: The amalgamation will become effective upon filing with the Registrar of Companies.

Strategic Implications

This corporate action is aimed at streamlining operations within the Honasa group. By consolidating these subsidiaries, Honasa Consumer is likely looking to:

1. Simplify its corporate structure
2. Enhance operational efficiency
3. Potentially reduce administrative costs
4. Align business strategies more closely

The amalgamation of Fusion Cosmeceutics and Just4Kids Services into Honasa Consumer could lead to a more integrated approach in product development and market strategies, particularly in the cosmetics and children's product segments.

Market Impact

While the immediate market reaction to this news remains to be seen, such corporate restructuring moves are often viewed positively by investors. They typically signal a company's efforts to optimize its operations and improve overall business performance.

As Honasa Consumer proceeds with the final steps of this amalgamation, stakeholders will be keen to observe how this consolidation affects the company's operational metrics and financial performance in the coming quarters.