Honasa Consumer reports strong growth in Q2 and H1 FY26

Honasa Consumer Limited announced its unaudited standalone and consolidated financial results for Q2 and H1 FY26, showcasing strong growth. In Q2 FY26, the company reported INR 566 Cr in revenue from operations on a like-for-like (LFL) basis, a 22.5% year-over-year (YoY) increase. Gross profit reached INR 379 Cr (71.9% gross profit %), with a 318 basis points (bps) YoY improvement. Profit after tax (PAT) stood at INR 39 Cr (6.9% PAT %). The company maintained a negative working capital cycle of (9) days.

For the first half of FY26, Honasa delivered INR 1,161 Cr in revenue from operations (LFL), representing a 14.3% YoY growth. Gross profit was INR 803 Cr (71.6% gross profit %), with a 122 bps YoY improvement. EBITDA for H1 FY26 surged to INR 93 Cr (8.0% EBITDA margin), a 500%+ YoY growth, and profit after tax reached INR 81 Cr (6.9% PAT %).

The company also highlighted the impact of a change in settlement by Flipkart group on revenue recognition, noting a ~INR 28 Cr impact on the topline in Q2 FY26 with no effect on absolute profitability. Despite this, reported revenue from operations registered 22%+ growth in Q2 FY26, reaching INR 538 Cr.