Honasa Consumer Limited – the parent company of brands like Mamaearth, Bblunt and The Derma Co – announced its Q1 FY25 results, demonstrating significant growth and enhanced profitability.
Highlights from the business performance included:
- Honasa Consumer continues to deliver disruptive growth in Q1, much ahead of FMCG industry, with consolidated revenue surging to Rs 554 CRORE and 62.9% PAT and 19.3% growth YoY
- Honasa has captured a strong market share in the face wash category in online while steadily gaining ground offline, driven by its House of Brands strategy and innovation capabilities. The category achieved approximately Rs 800 crore GMV ARR for Honasa
- Mamaearth reached nearly 2 lakh FMCG retail outlets in India as of June’24, increasing distribution up by 30% YoY
- Strong offtake momentum continues for Mamaearth with faster than market growth, with 120 bps offline market-share growth YoY for facewashes, and 40 bps for shampoos
- The Derma Co hits INR 500 Cr+ ARR, achieving break-even in all quarters of FY24.
New products accounted for around 9% of Q1FY25 Revenue from Operations
Operational efficiency: Maintained negative working capital cycle. - Bblunt has achieved an annual recurring revenue rate (ARR) of Rs 100 crore and has grown four times since its acquisition.
In his post on LinkedIn, Honasa Co-Founder & CEO, Varun Alagh thanked all consumers, shareholders, investors and employees for their support through this journey and said that the company is committed to crafting the new wave of beauty and personal for India.
