Shares of Honasa Consumer, the parent company of Mamaearth, have rallied nearly 77% in the past six months, rising from their 52-week low of Rs 248 to hit a 52-week high of around Rs 438 on Thursday.
The jump comes amid improving financial performance, renewed investor confidence in the company’s growth trajectory, and an ambitious long-term roadmap unveiled during its Investor Day 2026 presentation.
Honasa, which reported around Rs 2,400 crore in operating revenue and Rs 200 crore in profit after tax in FY26, has set an ambitious target of crossing Rs 5,500 crore in revenue by FY31.
According to the investor presentation, the company also aims to improve its EBITDA margin to more than 15% over the next five years, from around 10% currently, through better channel mix, operating leverage, procurement efficiencies, and expansion into higher-margin categories.
Notably, Honasa expects Mamaearth to become a Rs 2,000 crore-plus brand by FY31. It is also betting on The Derma Co to emerge as another flagship brand with revenue exceeding Rs 1,500 crore. Additionally, the company plans to build at least two more brands with annual revenue of over Rs 500 crore.
Beyond its existing beauty and personal care portfolio, which includes brands such as The Derma Co, Aqualogica, BBlunt, and the recently acquired Reginald Men in the men's grooming segment, Honasa has identified nutraceuticals, fragrances, and oral care as its next growth categories. The move follows its recent acquisition of a 25% stake in Fang Oral Care.
The company is also targeting a significant expansion of its offline presence, which will aim to increase direct retail reach from around 120,000 outlets currently to more than 300,000 outlets over the coming years.
As of 1:58 PM (today), Mamaearth’s shares are trading at around Rs 425, valuing the company with a total market capitalization of Rs 13,814 crore (around $1.45 billion).
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