Honasa bets on younger brands, new categories after Q1 profit doubles
New Delhi, Aug. 13 -- Honasa Consumer Ltd, the parent company of Mamaearth, Aqualogica and The Derma Co, is looking to make its younger brands bigger growth engines and enter new beauty categories after more than doubling its net profit in the April-June quarter (Q1FY27).
The beauty and personal care company is also entering the fragrance market with FIKN, an elixir-focused brand targeting younger male consumers, as it seeks to broaden its portfolio beyond its established brands.
Honasa's net profit rose 119% year-on-year to Rs.90.4 crore in Q1FY27, from Rs.41.3 crore a year earlier. Consolidated revenue from operations increased 27% to Rs.756 crore from Rs.595 crore in the year-ago quarter, according to its filings with stock exchanges...
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