Honasa Consumer (NSE:HONASA) Operating Income: ₹2,565 Mil (TTM As of Jun. 2026)

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NSE:HONASA Honasa Consumer Ltd NSE:HONASA
57 GF Score
Price ₹483.80
GF Value ₹398.91
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Honasa Consumer Operating Income?

Honasa Consumer NSE:HONASA +1.51% 57 Operating Income is ₹2,565 Mil as of Jun. 2026. GuruFocus rates NSE:HONASA with a GF Score™ of 57/100 and a GF Value™ of ₹398.91 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Honasa Consumer's Operating Income for the three months ended in Jun. 2026 was ₹997 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹2,565 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Honasa Consumer's Operating Income for the three months ended in Jun. 2026 was ₹997 Mil. Honasa Consumer's Revenue for the three months ended in Jun. 2026 was ₹7,559 Mil. Therefore, Honasa Consumer's Operating Margin % for the quarter that ended in Jun. 2026 was 13.19%.

Honasa Consumer's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honasa Consumer's annualized ROC % for the quarter that ended in Jun. 2026 was 23.63%. Honasa Consumer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 360.36%.


Honasa Consumer  (NSE:HONASA) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Honasa Consumer's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=3987.92 * ( 1 - 24.15% )/( (12801.62 + 0)/ 1 )
=3024.83732/12801.62
=23.63 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20924.94 - 4217.32 - ( 5193.34 - max(0, 5683.44 - 9589.44+5193.34))
=12801.62

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Honasa Consumer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4890.64/( ( (1357.17 + max(-938.43, 0)) + (0 + max(0, 0)) )/ 1 )
=4890.64/( ( 1357.17 + 0 )/ 1 )
=4890.64/1357.17
=360.36 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1982.76 + 1650.51 + 762.83) - (4217.32 + 0 + 1117.21)
=-938.43

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Honasa Consumer's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=996.98/7559.46
=13.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Honasa Consumer Operating Income Related Terms


Honasa Consumer Operating Income Historical Data

* Premium members only.

The historical data trend for Honasa Consumer's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Honasa Consumer Operating Income Chart

Honasa Consumer Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 52.92 -21.55 1,077.83 235.28 1,917.54

Honasa Consumer Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 349.86 359.02 544.59 664.07 996.98
NSE:HONASA
57GF Score
Honasa Consumer Ltd NSE:HONASA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Honasa Consumer Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,565 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹2,565 Mil mean?
Honasa Consumer (NSE:HONASA) has a Operating Income of ₹2,565 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honasa Consumer and its competitors.
Is Honasa Consumer's Operating Income too high?
Honasa Consumer's current Operating Income is ₹2,565 Mil. Overall, Honasa Consumer has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honasa Consumer's Operating Income compare to PG and CL?
Honasa Consumer's Operating Income of ₹2,565 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honasa Consumer and its competitors. Honasa Consumer's current Operating Income is ₹2,565 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honasa Consumer stock overvalued right now?
Based on GuruFocus' analysis, Honasa Consumer (NSE:HONASA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹398.91, compared to a current price of ₹483.80 — trading 21.3% above its estimated fair value. The current Operating Income is ₹2,565 Mil. Honasa Consumer's overall GF Score™ is 57/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Honasa Consumer (NSE:HONASA), the current Operating Income is ₹2,565 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Honasa Consumer (NSE:HONASA) Overvalued in 2026?

Based on GuruFocus' analysis, Honasa Consumer stock appears to be overvalued. The current stock price of ₹483.80 is trading 21.3% above its estimated GF Value™ of ₹398.91. GuruFocus considers Honasa Consumer to be Modestly Overvalued.

Key valuation signals for NSE:HONASA:

  • Operating Income: ₹2,565 Mil
  • GF Value™: ₹398.91 vs. price of ₹483.80 (21.3% above fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the NSE:HONASA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honasa Consumer Business Description

Other Exchanges 544014:India
Address Ullahwas, Sector-59, 10th and 11th Floor, Capital Cyberscape, Gurugram, HR, IND, 122102
Honasa Consumer Ltd is a digital-first beauty and personal care (BPC) company in India. It trades various beauty and personal care products across baby care, skin care, hair, and other related personal care categories. The products are manufactured through third-party contract manufacturers under the brand name of Mamaearth, The Derma Co, BBlunt, Aqualogica, and Ayuga. Geographically, the company generates a majority of its revenue within India.
57GF Score

Get the complete analysis for NSE:HONASA

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹483.80
Price
₹398.91
GF Value