Honasa Consumer Limited, the Indian beauty and personal care company behind brands such as Mamaearth, has projected revenue growth of nearly 30% for the first quarter of fiscal 2027, ending June 30, 2026.
The company also confirmed that its operating margins remained in double digits, signaling continued pricing power and cost discipline despite broader macroeconomic headwinds.
The pre-results update, disclosed on Thursday, underscores Honasa’s ability to drive volume-led growth while protecting profitability.
Investors have closely watched the firm’s margin trajectory as it scales its distribution network and invests heavily in digital marketing.
The maintenance of double-digit operating margins suggests that recent efficiency initiatives are bearing fruit, even as input costs remain elevated across the FMCG sector.
This performance contrasts with more conservative guidance from peers.