Honasa eyes ₹5,500 cr by FY31 as Q4 revenue jumps 23% and margins recover
Mamaearth parent Honasa Consumer posted Q4FY26 revenue of ₹657 cr (+23% YoY) with Ebitda margin expanding 669 bps to 11.75%. Management targets ₹5,000-5,500 cr revenue and 15% Ebitda margin by FY31, scaling direct distribution from 120,000 to 300,000 outlets. Stock up 44% YTD at 55x FY27 PE leaves little room for execution slips.
Honasa Consumer posted 23% Q4FY26 revenue growth and outlined a FY31 target of ₹5,000-5,500 cr revenue with 15% Ebitda margin, scaling Mamaearth, Derma Co., young brands and new categories via omni-channel and expanded distribution to 300,000 outlets.