Mamaearth Parent Proposes ₹3-Per-Share Dividend Following Record Q4 Profit

Honasa Consumer Approves First Ever Dividend

The Board of Directors at Honasa Consumer, the parent company of Mamaearth, Aqualogica, and The Derma Co, has given its approval for a final dividend of ₹3 per equity share. This is the company's first ever dividend payout, and it comes after a record quarterly net profit of ₹69.4 crore in the March quarter, which represents a nearly 178% increase from the year-ago period on a consolidated basis.

The proposed dividend payout of ₹98 crore, subject to shareholder approval at the annual general meeting, accounts for approximately 51% of Honasa's FY26 standalone net profit, as per filings with the stock exchanges. The company's revenue from operations surged 23% year-on-year to ₹657 crore in the March quarter.

In FY26, Honasa's net profit soared to ₹200 crore from ₹72.6 crore the previous year, while operating revenue grew by a modest 15% year-on-year to ₹2,391 crore, driven by the strong performance of its younger brands such as The Derma Co and Aqualogica.

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Honasa's revenue growth was led by its younger brands, including Dr Sheth's, Staze, and Bblunt, which grew 40% sequentially. The Derma Co and its newest addition Reginald Men led the pack, with The Derma Co currently having a "double-digit Ebitda profile" and Reginald Men hitting an annualized run rate (ARR) of over ₹100 crore while doubling revenue year-on-year.

Mamaearth, Honasa's flagship brand, grew in the mid-teens during the quarter and saw its market share in key categories, such as face cleansers and shampoos, increase by as much as 120 basis points over the past year. The company's direct distribution model, which resulted in higher expenses and dented bottom lines for more than six quarters, is now finally starting to bear fruit, with nearly 120,000 outlets billed directly through distributors during FY26.

Honasa's Key Financial Highlights

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• Net profit: ₹69.4 crore (Q4 FY26)
• Revenue from operations: ₹657 crore (Q4 FY26)
• Operating revenue: ₹2,391 crore (FY26)
• Revenue growth: 15% (year-on-year)
• Net profit growth: 178% (year-on-year)

The company has also announced that it does not anticipate further price hikes any time soon, as it had implemented price hikes across categories to offset input cost hikes caused by the US-Iran war. Additionally, Honasa's investments in technology, particularly in AI-led content systems and distribution infrastructure, are "beginning to reflect in stronger execution quality".

The Board of Directors has also approved the re-appointment of Subramaniam Somasundaram, the former chief financial officer of Titan Company Ltd, as an independent director for five years.

Honasa's shares closed nearly 1.4% higher on Thursday to settle at ₹361.70 in the NSE.