Honasa Consumer Continues To Deliver Market Beating Growth With Revenue Growing At 28% And Pat Growth Of ~264% YOY In Q3FY24
- Revenue growth by ~28% YoY
- EBITDA margin at 7.1% up 397 bps YoY; 9M YTD EBITDA exceeds INR 100 Cr.
- PAT jumps by 7 times for the first 9 months of FY24 (INR 80Crs). PAT for the quarter reported at INR 26 Cr. (~264% YOY growth)
- Young brands continue to drive growth with The Derma Co. becoming EBITDA profitable
- Built INR 150 Crore ARR Mamaearth color cosmetics category
Chennai: Honasa Consumer Ltd. today announced its financial results for the quarter ending December 31, 2023. Our business delivered a strong performance in Q3 with revenue growth of 28% and PAT growth of 264% YoY. The company has demonstrated market-beating growth and outperforming peers, underscoring its commitment to gain share of the beauty and personal care industry, led by innovation and strategic market expansion.
Commenting on the business performance of Q3 FY24, Varun Alagh, Chairman and CEO, HCL, said:
“The Q3 results is a testimony of our deep understanding of the beauty market in India. As we move ahead to capture this market further, our innovation-driven brand building playbook uniquely positions us to identify many opportunities to continue our growth trajectory. Four out of six brands from our portfolio are already in the INR 150 Cr ARR club and we see this as a testimony of our capabilities. Having built color care with Mamaearth showcases our ability to build new categories and versatility of the brand. As we move forward, focus continues to be on purpose-based brand building, innovation and distribution expansion.”