Honasa Shopper Ltd., the Gurugram-based magnificence and private care Home of Manufacturers and guardian of Mamaearth, reported a powerful enchancment in profitability for the quarter ended December 31, 2025, whilst income progress remained measured.

The corporate posted income from operations of Rs 602 crore in Q3 FY26, up 16.2% from Rs 518 crore in Q3 FY25, based on its monetary statements filed with the Nationwide Inventory Trade. On a like-for-like foundation, income stood at Rs 630 crore, up 21.7% year-on-year, marking its highest-ever quarterly income.

For the 9 months ended FY26, working income rose 13.1% to Rs 1,735 crore from Rs 1,533 crore a yr earlier.

Profitability improved sharply. Revenue after tax practically doubled to Rs 50 crore in Q3 FY26 from Rs 26 crore within the year-ago interval, reflecting a 92.9% progress. On a sequential foundation, PAT elevated 28% from Rs 39 crore in Q2. PAT margin expanded to eight.3% from 5.0% a yr in the past.

EBITDA for the quarter rose 150.7% to Rs 66 crore from Rs 26 crore, with EBITDA margin enhancing to 10.9% from 5.0%. Revenue earlier than distinctive objects and tax stood at Rs 72 crore, in contrast with Rs 29 crore a yr earlier. After accounting for distinctive objects of Rs 5 crore associated to labour code impression, revenue earlier than tax got here in at Rs 67 crore, up 128% year-on-year. Tax expense was Rs 17 crore.

For the nine-month interval, EBITDA elevated 282.6% to Rs 159 crore from Rs 42 crore, whereas PAT rose 174.1% to Rs 131 crore from Rs 48 crore. EBITDA margin expanded to 9.2% from 2.7%, and PAT margin improved to 7.5% from 3.1%.

Gross revenue in Q3 stood at Rs 412 crore, up from Rs 362 crore a yr earlier. Nonetheless, gross margin moderated to 68.5% from 70%. For the nine-month interval, gross revenue rose to Rs 1,215 crore, with gross margin at 70.1%, largely secure year-on-year.

On the price aspect, procurement bills rose 19.6% to Rs 189 crore, accounting for 34% of whole expenditure. Worker profit bills elevated to Rs 71 crore, representing 11.8% of income versus 10% final yr. Promoting bills rose to Rs 186 crore from Rs 177 crore, although as a proportion of income they declined to 30.9% from 34.3%. Different bills fell to Rs 90 crore from Rs 107 crore, decreasing their share of income to fifteen% from 20.6%.

Complete expenditure for the quarter elevated 8.5% to Rs 550 crore from Rs 507 crore. The corporate additionally recorded Rs 21 crore as different earnings, taking whole earnings to Rs 622 crore.

Commenting on the efficiency, Varun Alagh, Chairman, CEO and Co-founder, stated, “Q3 FY26 marked a step-up quarter for Honasa as we delivered our highest-ever quarterly income of Rs 630 Cr, with earnings practically doubling year-on-year. Our focus classes continued to anchor efficiency, reaffirming the energy of our category-first progress playbook. We stay dedicated to constructing scale by means of disciplined execution and long-term worth creation. Our flagship and largest model, Mamaearth, is again to double-digit progress, pushed by product superiority and sharper investments.”

He added that the corporate stays targeted on strengthening its margin profile, enhancing capital effectivity and constructing a structurally stronger enterprise able to compounding progress sustainably.

Ghazal Alagh, CIO and Co-founder, stated, “Innovation and re-innovation stay on the coronary heart of how we construct our manufacturers at Honasa. We continuously problem ourselves to boost the bar on formulation and efficacy. Merchandise like Mamaearth Rice Face Wash and BBlunt Intense Moisture Shampoo performing strongly in opposition to main nationwide and worldwide benchmarks reaffirm our perception that buyers reward real product superiority.”

In the course of the quarter, focus classes grew over 25%. Mamaearth returned to double-digit progress, supported by sharper investments and product-led good points in market share. The Derma Co. maintained a double-digit EBITDA profile whereas scaling effectively, and youthful manufacturers recorded progress of over 25%.

Offline distribution expanded meaningfully. Direct outlet protection crossed 1 lakh retailers, whereas whole distribution grew over 25% year-on-year to 2.7 lakh retailers, with elevated give attention to the highest 100 cities.

The corporate additionally entered the boys’s grooming section by buying a 95 p.c stake in South India-focused Reginald Males, owned by BTM Ventures Pvt Ltd, for Rs 195 crore by means of a secondary transaction. As well as, Varun Alagh elevated his fairness stake to 32.45% by means of a Rs 50 crore block deal through the quarter.