On 6 Nov 2026, Honasa Consumer was priced at ₹466.40, or 53.9× trailing earnings, against an industry P/E of 28.7×. Its ROCE of 18% is the lowest among the 7 largest Household & Personal Products peers, and sales grew 17% a year over 3 years. It has almost no debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹15,218 Cr, ranked 10th of 34 Household & Personal Products companies by market cap; the shares rose 72% over the past year.
- ₹478.00
- ₹489.00
- ₹462.25
- ₹481.75
- 36.6 L
Health check
- ReturnsAhead
+71.5% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 53.9 vs industry 28.7.
- GrowthStrong
Sales +17.0% a year over 3 years.
- ProfitabilityWeak
ROCE 17.7% vs peer median 30.8%.
- Balance sheetFair
Debt 0.10× equity, interest covered 21.9×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 53.9 against an industry P/E of 28.7.
Small cap
Defensive
Key metrics
- Market cap
- ₹15,218 Cr
- Small cap
- P/E
- 53.9
- Industry 28.7
- Price to book
- 10.75
- Peers 24.59
- Dividend yield
- 0.62%
- ROE
- 15.4%
- Peers 27.3%
- ROCE
- 17.7%
- Peers 30.8%
- Debt to equity
- 0.10
- Debt ₹135 Cr
- EPS (TTM)
- ₹8.65
- Face value ₹10
- OPM (TTM)
- 11.8%
- Net margin 9.7%
- Sales growth
- +27.0%
- Latest quarter vs a year ago
- Profit growth
- +118.4%
- Latest quarter vs a year ago
- Price to sales
- 5.96
- EV/EBITDA 55.5
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 118.4% on a year ago.
- Quarterly sales up 27.0% on a year ago.
Risks to check
- P/E of 53.9 against an industry P/E of 28.7.
About Honasa Consumer
Honasa Consumer Limited operates as a digital beauty and personal care company in India and internationally. The company provides baby care, skin and hair care, color cosmetics, other related personal care products, as well as beauty salon and hair styling services. It sells in products under the Mamaearth, The Derma Co., BBlunt, Aqualogica, Lumineve, Reginald Men, Molecular, Staze, and Dr. Sheth's brands through online and offline stores. The company was…
- Headquarters
- Gurugram
- Employees
- 936
- Sector
- Consumer Defensive
- ISIN
- INE0J5401028
- Website
- honasa.in
Price range
- Avg volume (3M)
- 19.7 L
- 1-year return
- plus 71.5%
- From 52-week high
- minus 8.5%
Analyst consensus
Peers · Household & Personal Products
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HINDUNILVRHindustan Unilever | 1,998.40 | plus 0.83% | 4,69,542 | 44.4 | 9.62 | 22.2% | 21.6% | 23.1% | 2.3% | 14.1% | 2.05% | minus 19.0% |
| MARICOMarico | 897.75 | plus 1.13% | 1,16,527 | 57.7 | 24.59 | 38.8% | 44.9% | 17.4% | 11.8% | 10.6% | 0.45% | plus 23.8% |
| GODREJCPGodrej Consumer Products | 851.00 | minus 1.36% | 87,097 | 44.0 | 6.90 | 21.3% | 16.0% | 20.2% | 4.6% | 3.0% | 2.35% | minus 25.8% |
| DABURDabur India | 380.35 | minus 1.21% | 67,477 | 33.4 | 5.87 | 20.8% | 17.2% | 18.5% | 4.5% | 3.5% | 2.17% | minus 25.5% |
| COLPALColgate Palmolive (India) | 1,679.00 | minus 0.53% | 45,666 | 33.5 | 28.23 | 107.4% | 85.1% | 30.1% | 4.9% | 8.2% | 2.86% | minus 23.0% |
| CUPIDCupid | 338.90 | minus 0.69% | 45,571 | 338.9 | 100.95 | 30.8% | 27.3% | 35.4% | 31.2% | 50.8% | 0.00% | plus 607.7% |
| GILLETTEGillette India | 7,406.50 | minus 0.17% | 24,134 | 36.1 | 25.50 | 84.6% | 68.2% | 30.2% | – | – | 2.43% | minus 15.3% |
| HONASAHonasa Consumer | 466.40 | minus 3.19% | 15,218 | 53.9 | 10.75 | 17.7% | 15.4% | 11.8% | 17.0% | – | 0.62% | plus 71.5% |
| Median of 7 peers | – | −0.53% | 67,477 | 44.0 | 24.59 | 30.8% | 27.3% | 23.1% | 4.7% | 9.4% | 2.17% | −19.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 595 | 538 | 602 | 657 | 756 | |
| 549 | 490 | 536 | 580 | 646 | |
| 45.8 | 47.6 | 65.5 | 77.2 | 110 | |
| 7.7% | 8.9% | 10.9% | 11.8% | 14.6% | |
| 23.9 | 20.1 | 20.7 | 18.8 | 22.6 | |
| 3.3 | 3.3 | 3.2 | 3.3 | 3 | |
| 10.8 | 11.7 | 11 | 10.8 | 10.5 | |
| – | – | −4.8 | – | – | |
| 55.6 | 52.7 | 67.1 | 81.8 | 119 | |
| 25.7% | 25.6% | 25.2% | 15.2% | 24.1% | |
| 41.3 | 39.2 | 50.2 | 69.2 | 90.2 | |
| 1.26 | 1.20 | 1.54 | 2.12 | 2.76 |
Profit & loss
- Sales CAGR 3Y
- +17.0%
- ROE
- 15.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,493 | 1,920 | 2,067 | 2,392 | |
| – | +28.6% | +7.7% | +15.7% | |
| 1,470 | 1,782 | 1,997 | 2,156 | |
| 22.8 | 138 | 70.3 | 236 | |
| 1.5% | 7.2% | 3.4% | 9.9% | |
| −124 | 27.4 | 58.8 | 65.4 | |
| 6.1 | 8.7 | 11.9 | 12.3 | |
| 25 | 30.6 | 45 | 44.4 | |
| −9.2 | 20.6 | 17.4 | 12.3 | |
| −141 | 147 | 89.6 | 257 | |
| −7.0% | 24.9% | 18.9% | 22.2% | |
| −143 | 112 | 72.7 | 200 | |
| – | – | minus 35.0% | +175.1% | |
| -4.44 | 3.55 | 2.23 | 6.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,929 | 324 | 325 | 325 | |
| −3,116 | 771 | 855 | 1,086 | |
| 92.2 | 131 | 136 | 135 | |
| 2,071 | 406 | 474 | 545 | |
| 977 | 1,632 | 1,790 | 2,092 | |
| 96.4 | 146 | 147 | 136 | |
| 0.4 | 1.4 | 0.2 | 0.2 | |
| 45.4 | 148 | 401 | 541 | |
| 299 | 748 | 607 | 436 | |
| 536 | 589 | 635 | 979 | |
| 977 | 1,632 | 1,790 | 2,092 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −51.6 | 235 | 102 | 141 | |
| 42.9 | −470 | −145 | −17.1 | |
| −14.1 | 337 | −31.1 | −38 | |
| −22.7 | 102 | −74.1 | 86.3 | |
| −11.7 | −11.8 | −20.4 | −7.4 | |
| −63.3 | 224 | 81.8 | 134 |
Shareholding pattern
- Promoters35.47%
- Public64.53%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 35.47% | 64.53% | 0.00 | |
| 30 Jun 2026 | 35.47% | 64.53% | minus 0.07 | |
| 31 Mar 2026 | 35.54% | 64.46% | 0.00 | |
| 31 Dec 2025 | 35.54% | 64.46% | plus 0.57 | |
| 30 Sep 2025 | 34.97% | 65.03% | – |
Major shareholders
Filings & events
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