Honasa Consumer Limited is a leading digital-first brand house catering to the diverse preferences of millennial consumers. With a strong focus on purpose-driven initiatives and technological advancements, Honasa offers a range of beauty and personal care brands tailored to evolving consumer needs.
Its portfolio includes popular brands like Mamaearth, The Derma Co., Aqualogica, and Ayuga, offering natural, science-backed, and modern Ayurvedic products. Strategic acquisitions like BBlunt and Dr Sheth’s have further strengthened its offerings.
Through innovation and strategic growth, Honasa Consumer Limited continues to set new standards in the beauty and personal care industry, meeting the demands of today’s discerning millennial consumers.
Story of Honasa Consumer Ltd
In 2016, the inception of Mamaearth marked a transformative journey spurred by the parental instincts of Ghazal and Varun, who, upon becoming new parents, were struck by the need for safe and toxin-free products for their baby. Disheartened by the prevalence of harmful substances in existing offerings, they embarked on a mission to redefine the standard. Mamaearth emerged as Asia’s pioneering brand with Made Safe certified products, symbolizing a beacon of trust and reliability for parents navigating the complex landscape of baby care.
Driven by a deep-seated commitment to quality and safety, Mamaearth has cultivated a community of digitally engaged mothers, leveraging their insights to fuel continuous product innovation. What began as a quest to meet the needs of babies soon evolved into a holistic approach to clean beauty, as Mamaearth expanded its portfolio to encompass various segments of the Beauty and Personal Care industry. This expansion underscores Mamaearth’s enduring dedication to empowering consumers with products that prioritize safety, efficacy, and sustainability, resonating with the evolving demands of modern parenting and skincare alike.
Honasa Consumer Ltd’s Q4 Profits Soar to Rs 30.47 Crore, Registers 21.5% Sales Growth
- Honasa Consumer Ltd, the parent company of Mamaearth and The Derma Co, reported a consolidated profit after tax of Rs 30.47 crore for Q4 ended March 2024, marking a significant turnaround from a loss of Rs 161.75 crore in the same period last year.
- Revenue from operations surged by 21.46% to Rs 471.09 crore compared to Rs 387.85 crore in the previous year.
- The company witnessed a noteworthy 780-basis point improvement in EBITDA margins year-on-year, achieving its highest-ever quarterly profit after tax.
- Expenses rose by 12.66% to Rs 450.88 crore in the March quarter of FY24.
- Mamaearth, the flagship brand, expanded its presence to 1,88,377 FMCG retail outlets across India by March 2024, showing a robust 34% YoY increase in distribution.
- Introduction of new products contributed approximately 18% to the FY24 revenue from operations.
- Despite industry challenges, Honasa Consumer demonstrated resilience and robust growth, achieving a remarkable 23.3% LFL growth for the quarter and an impressive 31.6% annually.
- For the full financial year ending March 31, 2024, the company’s profit after tax stood at Rs 110.52 crore, with revenue from operations surging by 28.61% to Rs 1,919.90 crore compared to the previous fiscal year.
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 452.8 | 393.74 |
| July 2024 | 448.28 | 389.81 |
| August 2024 | 466.21 | 405.4 |
| September 2024 | 484.86 | 421.61 |
| October 2024 | 475.35 | 413.35 |
| November 2024 | 494.36 | 429.88 |
| December 2024 | 499.31 | 434.18 |
As we step into June 2024, Honasa Consumer Ltd is expected to see its maximum price at ₹452.80 and the minimum price at ₹393.74. Moving forward to July, the maximum and minimum prices are anticipated to be ₹448.28 and ₹389.81, respectively. August might witness an increase, with the maximum price projected to reach ₹466.21 and the minimum price at ₹405.40. September could see further fluctuations, with the maximum price reaching ₹484.86 and the minimum expected to be ₹421.61. October’s prices are forecasted to range between ₹475.35 and ₹413.35. By November, the maximum price may rise to ₹494.36, while the minimum is expected to be ₹429.88. Finally, in December 2024, Honasa Consumer Ltd is predicted to have its maximum and minimum prices at ₹499.31 and ₹434.18, respectively.
| When | Maximum Price | Minimum Price |
| January 2025 | 504.3 | 387.92 |
| February 2025 | 509.39 | 391.84 |
| March 2025 | 520.09 | 400.07 |
| April 2025 | 514.94 | 396.11 |
| May 2025 | 499.94 | 384.57 |
| June 2025 | 522.44 | 401.88 |
| July 2025 | 512.2 | 394 |
| August 2025 | 528.04 | 406.18 |
| September 2025 | 534.37 | 411.06 |
| October 2025 | 548.27 | 421.74 |
| November 2025 | 561.97 | 432.29 |
| December 2025 | 587.26 | 451.74 |
In January 2025, Honasa Consumer Ltd is expected to range from ₹504.30 to ₹387.92. February could see prices at ₹509.39 and ₹391.84. March may bring them to ₹520.09 and ₹400.07. April’s forecast is around ₹514.94 and ₹396.11. By May, expect ₹499.94 and ₹384.57. June might rise to ₹522.44 and ₹401.88. July could settle at ₹512.20 and ₹394.00. August may peak at ₹528.04 and ₹406.18. September could reach ₹534.37 and ₹411.06. October might see ₹548.27 and ₹421.74. November’s projection is around ₹561.97 and ₹432.29. Finally, in December 2025, expect a range of ₹587.26 to ₹451.74.
| When | Maximum Price | Minimum Price |
| January 2026 | 604.88 | 465.29 |
| February 2026 | 589.76 | 453.66 |
| March 2026 | 601.55 | 462.73 |
| April 2026 | 613.83 | 472.18 |
| May 2026 | 607.75 | 467.50 |
| June 2026 | 622.95 | 479.19 |
| July 2026 | 610.73 | 469.79 |
| August 2026 | 629.62 | 484.32 |
| September 2026 | 642.21 | 494.01 |
| October 2026 | 658.91 | 506.85 |
| November 2026 | 675.38 | 519.53 |
| December 2026 | 692.27 | 532.51 |
| When | Maximum Price | Minimum Price |
| January 2027 | 699.19 | 537.84 |
| February 2027 | 717.12 | 551.63 |
| March 2027 | 745.09 | 573.14 |
| April 2027 | 730.48 | 561.91 |
| May 2027 | 709.20 | 545.54 |
| June 2027 | 741.11 | 570.09 |
| July 2027 | 726.58 | 558.91 |
| August 2027 | 749.05 | 576.20 |
| September 2027 | 775.27 | 596.36 |
| October 2027 | 795.43 | 611.87 |
| November 2027 | 815.31 | 627.16 |
| December 2027 | 835.70 | 642.84 |
| When | Maximum Price | Minimum Price |
| January 2028 | 852.41 | 655.70 |
| February 2028 | 874.27 | 672.51 |
| March 2028 | 908.36 | 698.74 |
| April 2028 | 890.55 | 685.04 |
| May 2028 | 864.61 | 665.09 |
| June 2028 | 903.52 | 695.02 |
| July 2028 | 885.81 | 681.39 |
| August 2028 | 913.20 | 702.46 |
| September 2028 | 945.16 | 727.05 |
| October 2028 | 969.74 | 745.95 |
| November 2028 | 993.98 | 764.60 |
| December 2028 | 1,018.83 | 783.72 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,039.21 | 799.39 |
| February 2029 | 1,065.85 | 819.89 |
| March 2029 | 1,107.42 | 851.86 |
| April 2029 | 1,085.71 | 835.16 |
| May 2029 | 1,054.09 | 810.84 |
| June 2029 | 1,101.52 | 847.32 |
| July 2029 | 1,079.92 | 830.71 |
| August 2029 | 1,113.32 | 856.40 |
| September 2029 | 1,152.29 | 886.38 |
| October 2029 | 1,182.25 | 909.42 |
| November 2029 | 1,211.80 | 932.16 |
| December 2029 | 1,242.10 | 955.46 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,266.94 | 974.57 |
| February 2030 | 1,299.43 | 999.56 |
| March 2030 | 1,350.10 | 1,038.54 |
| April 2030 | 1,323.63 | 1,018.18 |
| May 2030 | 1,285.08 | 988.52 |
| June 2030 | 1,342.91 | 1,033.01 |
| July 2030 | 1,316.58 | 1,012.75 |
| August 2030 | 1,357.29 | 1,044.07 |
| September 2030 | 1,404.80 | 1,080.62 |
| October 2030 | 1,441.32 | 1,108.71 |
| November 2030 | 1,477.36 | 1,136.43 |
| December 2030 | 1,514.29 | 1,164.84 |
Financial Condition of Honasa Consumer Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 110 | 460 | 932 | 1,395 | 1,764 |
| Expenses + | 541 | 1,794 | 916 | 1,350 | 1,624 |
| Operating Profit | -432 | -1,334 | 16 | 45 | 140 |
| OPM % | -393% | -290% | 2% | 3% | 8% |
| Other Income + | 4 | 12 | 21 | -132 | 48 |
| Interest | 0 | 1 | 3 | 5 | 7 |
| Depreciation | 1 | 2 | 6 | 15 | 23 |
| Profit before tax | -428 | -1,325 | 28 | -107 | 158 |
| Tax % | 0% | -1% | 29% | -12% | 24% |
| Net Profit + | -428 | -1,332 | 20 | -121 | 121 |
| EPS in Rs | -419,637.25 | -1,306,098.04 | 19,291.26 | -8.84 | 3.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
- Sales steadily increased from March 2020 to March 2024, reflecting a consistent growth trajectory over the years.
- Operating profit, which was negative in March 2020 and March 2021, improved significantly to reach Rs 140 crores in March 2024, indicating a positive trend in operational performance.
- Other income varied over the years but showed an overall positive trend, with a notable increase in March 2024.
- Interest expenses gradually increased from March 2020 to March 2024, indicating a rise in borrowing or financing activities.
- Depreciation expenses also rose over the years, reflecting increased investments in fixed assets.
- Profit before tax improved from negative figures in March 2020 and March 2021 to Rs 158 crores in March 2024, indicating a turnaround in profitability.
- Despite fluctuations, the net profit showed a positive trend, reaching Rs 121 crores in March 2024.
- Earnings per share (EPS) improved significantly from negative values to Rs 3.73 in March 2024, indicating enhanced profitability per share.
- Dividend payout remained at 0% over the years, suggesting that the company reinvested its profits back into the business rather than distributing them to shareholders.
FAQS
It is predicted that Honasa Consumer Ltd per share price will increase to ₹499.31 by the end of 2024.
Honasa Consumer Ltd’s projected share price target for 2025 is approximately ₹587.26.
The per share price of Honasa Consumer Ltd might reach around ₹1,514.29 by the end of 2030.
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Conclusion
In conclusion, Honasa Consumer Limited’s Q4 results for the fiscal year ending March 2024 reflect a remarkable journey of growth, resilience, and innovation. With a consolidated profit after tax of Rs 30.47 crore and a substantial increase in revenue from operations, the company has showcased its ability to adapt to market dynamics and capitalize on emerging opportunities. The expansion of Mamaearth’s retail presence and the introduction of new products signify Honasa’s commitment to meeting evolving consumer needs and driving sustainable growth. As Honasa continues to strengthen its position as a leader in the digital-first brand space, its focus on operational efficiency, product innovation, and customer-centricity will undoubtedly drive continued success in the years to come.
What did we learn?
- 1 Story of Honasa Consumer Ltd
- 2 Honasa Consumer Ltd’s Q4 Profits Soar to Rs 30.47 Crore, Registers 21.5% Sales Growth
- 3 How to Buy Honasa Consumer Ltd shares?
- 4 Share Price Prediction of Honasa Consumer Ltd: 2024 to 2030
- 4.1 Honasa Consumer Ltd Share Price Target 2024
- 4.2 Honasa Consumer Ltd Share Price Prediction 2025
- 4.3 Honasa Consumer Ltd Share Price Target 2026
- 4.4 Honasa Consumer Ltd Share Price Target 2027
- 4.5 Honasa Consumer Ltd Share Price Target 2028
- 4.6 Honasa Consumer Ltd Share Price Target 2029
- 4.7 Honasa Consumer Ltd Share Price Prediction 2030
- 5 Financial Condition of Honasa Consumer Ltd: Last 5 years
- 6 FAQS
- 7 Conclusion
