Profit before tax stood at Rs Rs 39.20 in Q2 FY24, up 69.33% YoY.

EBITDA stood at Rs 40 crore in Q2 FY24, registering a growth of 53% as compared with Rs 26 crore posted in the same quarter previous fiscal. EBITDA margin improved by 169 bps to 8.1% in Q2 FY24 as against 6.4% in Q2 FY23.

Like-for-like growth for continuing business was 24%.

The Derma Co., the second brand from the Honasa Consumer portfolio, has achieved an (annual recurring revenues) ARR of Rs 380 crore and Aqualogica, the third brand has become the fastest to achieve an ARR of Rs 180 crore. The acquired brands Dr. Sheths and Bblunt also have displayed strong growth trajectories growing 30X and 3X respectively since acquisitions.

“As per NielsenIQ, brands of Honasa Consumer retailed at 1,65,937 retail outlets in Sep-23, an increase of 47% in offline distribution YoY. With a focus on increasing distribution across general and modern trade chains and exclusive brand outlets,” the company stated in regulatory filing.

Varun Alagh, chairman and CEO, Honasa Consumer, said, “Honasa has been able to deliver market beating growths and constantly improve the profitability portfolio of the company. Our business has grown by 33% YoY in H1 FY24 which is 3.8 times the median growth of FCMG companies in India.

Mamaearth, our largest brand has entered the Top 15 BPC brands in India, overtaking many legacy brands, as per a report by Jefferies. Our profits grew much faster than our revenues, with H1 PAT growing by 1,377% to Rs 54 crore. Dr Sheths has become the 4th brand from Honasa portfolio to enter the Rs 150 crore Club after Aqualogica and Derma Co. We will continue to deliver on our commitments to our business, consumers, and investors."

Shares of Honasa Consumer debuted on the bourses on 7 November 2023. The scrip was listed at Rs 324, matching the initial public offer (IPO) price.

Honasa Consumer is the largest digital-first beauty and personal care company with a diverse portfolio of six brands. Uniquely positioned to capture the growth trends shaping in the BPC market, the company is building brands through on trend data-based innovation and strong omnichannel distribution.