Honasa Consumer Ltd (NSE:HONASA)

Q2 2026 Honasa Consumer Ltd Earnings Call Transcript

Nov 12, 2025 / 11:30 AM GMT

Release Date Price: ₹282.05 (+2.62%)

Transcript

Key Points

Positve

Honasa Consumer Ltd (NSE:HONASA) reported a 22.5% growth in revenues for Q2 2026, with gross profits reaching an all-time high of 71.9%.
The company has successfully turned around its Mama Earth brand, which is now back in growth mode across all channels, including e-commerce and general trade.
Honasa Consumer Ltd (NSE:HONASA) has made significant strides in premiumization, particularly in the oral beauty segment, which is expected to become a $700 million opportunity by 2030.
The company has strengthened its general trade distribution, achieving a 35% increase in direct outlet billing and expanding its retail presence to over 250,000 outlets.
Honasa Consumer Ltd (NSE:HONASA) continues to innovate with new product formulations and technologies, such as the first clinically tested sunscreen with anti-pollution factors and deep penetration technology for enhanced product efficacy.

Negative

The change in revenue recognition due to Flipkart's new settlement process has impacted the company's reported revenues, although it does not affect absolute profitability.
Despite the growth in core categories, the company faces challenges in maintaining growth momentum in non-core categories, which are declining.
The oral care market has historically lagged behind other beauty segments, raising questions about its potential to achieve significant scale.
The company's focus on premiumization and new brand launches may require substantial investment, potentially impacting short-term profitability.
Honasa Consumer Ltd (NSE:HONASA) faces supply chain complexities, particularly in its color beauty brand, which relies on shade-based supply chains and some components from China.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HONA.NS - Honasa Consumer Ltd
Q2 2026 Honasa Consumer Ltd Earnings Call
Nov 12, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the HunaSA Consumer Q2 F 526 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Ms. Pooja Kubadia from GM Financial.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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