Honasa Consumer Stock Reaches 52-Week High, Surging 10.5% on Strong Q4 Earnings and First Dividend Payment

Honasa Consumer Surges 10.5% to 52-Week High on Blockbuster Earnings

Shares of Honasa Consumer, the parent company of Mamaearth, reached a 52-week high of ₹397.65 on the Bombay Stock Exchange (BSE) on Friday, 20 May, following the company's announcement of blockbuster earnings for the March quarter and its maiden dividend payout.

Honasa Consumer reported a consolidated net profit of ₹69 crore for Q4FY26, marking a sharp 177% year-over-year (YoY) increase from ₹25 crore reported in the corresponding quarter last year. The company's board also approved its first-ever final dividend and recommended a payout of ₹3 per equity share. The proposed dividend, subject to shareholder approval at the company's annual general meeting, amounts to nearly 51.2% of FY26 standalone profit after tax (PAT).

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The company's revenue from operations during the March quarter rose more than 23% YoY to ₹657 crore, compared with ₹533 crore in Q4FY25. EBITDA climbed 186% YoY to ₹77 crore, while EBITDA margin more than doubled to 11.7% during the quarter under review. For the full financial year FY26, Honasa Consumer reported a net profit of ₹200.2 crore, up 176% from ₹72.7 crore recorded in the previous financial year. The company's full-year revenue stood at ₹2,391.9 crore, marking a growth of nearly 16% over ₹2,066.9 crore reported a year ago.

Honasa Stock Performance

The stock has risen 10% in 1 week, 12% in 1 month, 29% in 3 months, and 41% in the last 1 year. With the stock hitting a 52-week high today, it has now rallied 60% from its 52-week low of ₹248.55, hit in December 2025.

Varun Alagh, Chairman, CEO, and Co-founder of Honasa Consumer, commented on the performance, stating that FY26 was a year of strengthening the core and building a more resilient growth engine for the future. The company stayed sharply focused on the six pillars that defined its strategy for the year, including improving execution across its Focus Categories, strengthening Product Superiority, scaling Hero Products, sharpening its content engine, rebuilding momentum in Offline Distribution, and unlocking Innovation Engines.

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JM Financial maintained a 'Buy' rating on Honasa Consumer with a target price of ₹420 after Q4FY26 profitability significantly beat estimates, despite revenue being only marginally ahead of expectations. The brokerage noted that like-to-like sales growth stood at 28% YoY, while excluding Reginald, growth was estimated at 21%-22% YoY with UVG of 30%. Mamaearth posted mid-teen sales growth, while younger brands sustained momentum with 30%+ YoY growth.