Company Intelligence Profile
Honasa Consumer Limited
Digital-first house of beauty & personal care brands (Mamaearth, The Derma Co, BBlunt, Dr Sheth's) listed on NSE/BSE.
Last updated 6 September 2026
Honasa Consumer Limited is a digital-first house of beauty and personal care brands, including Mamaearth and The Derma Co, with an omni-channel presence across 750+ districts in India. The company reported revenue of ₹2,392 Cr and profit after tax of ₹200 Cr for the fiscal year ending March 2026, showcasing significant financial growth following its IPO on the NSE/BSE in November 2023.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Honasa Consumer Limited |
|---|---|
| CIN | U74999DL2016PLC306016 |
| PAN | AADCH9716L |
| Status |
|
| Listing | Yes — listed on both NSE and BSE (IPO Nov 2023); confirmed via honasa.in investor relations page and Screener.in market-cap data |
| Incorporated | 16 September 2016 |
| ROC | RoC Delhi |
| Sector (NIC) |
|
| Registered address |
|
| Authorized capital | ₹342.3 Cr |
| Paid-up capital | ≈₹325–326 Cr — minor variance likely due to different snapshot dates; confirmed directionally |
Business Overview
- Honasa Consumer Ltd is a Gurugram/Delhi-headquartered "digital-first house of brands" in beauty and personal care, founded by Varun Alagh and Ghazal Alagh
- It owns/operates 8 brands: in-house — Mamaearth (natural personal/baby care, its flagship), The Derma Co. (dermatologist-backed skincare), Aqualogica, Lumineve, Staze — and acquired brands BBlunt (hair), Dr Sheth's (skincare), and Reginald Men
- Company positions itself as "Largest Digital-First BPC Company in India" with omni-channel presence across 750+ districts
- IPO'd on NSE/BSE in November 2023
- Source: honasa.in (official investor relations site)
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Varun Alagh | 07597289 | - | - |
| Ghazal Alagh | 07608292 | - | - |
| Ishaan Mittal | 07948671 | - | - |
| Subramaniam Somasundaram | 01494407 | - | - |
| Vivek Gambhir | 06527810 | - | - |
| Namita Gupta | 07337772 | - | - |
GSTINs
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 07AADCH9716L1Z6 | Delhi | AADCH9716L (Tofler) | - |
| 06AADCH9716L1Z8 | Haryana | AADCH9716L (Tofler) | - |
| 08AADCH9716L1Z4 | Rajasthan | AADCH9716L (Tofler) | - |
| 04AADCH9716L1ZC | Chandigarh | AADCH9716L (Tofler) | - |
| 09AADCH9716L1Z2 | Uttar Pradesh | AADCH9716L (Tofler) | - |
Partial confidence (single-source aggregator listing, not cross-verified against a second GSTIN-specific source): PAN AADCH9716L. Multiple state GST registrations identified: 07AADCH9716L1Z6 (Delhi — likely primary/home-state given RoC Delhi & registered office), 06AADCH9716L1Z8 (Haryana — matches Gurugram corporate office), 08AADCH9716L1Z4 (Rajasthan), 04AADCH9716L1ZC (Chandigarh), 09AADCH9716L1Z2 (Uttar Pradesh). Given a pan-India omni-channel retail/distribution footprint across 750+ districts, actual registration count is likely well above these 5 identified. Status of each not individually verified — flag as partial, needs a dedicated knowyourgst.com per-GSTIN page check to confirm active status.
Financials
- Consolidated, FY ended March 2026: Revenue ₹2,392 Cr
- EBITDA ₹280 Cr (Operating Profit ₹236 Cr + Depreciation ₹44 Cr, ~10% OPM)
- PAT ₹200 Cr (up sharply from ₹73 Cr in FY25)
- Net Worth ₹1,411 Cr (Equity Capital ₹325 Cr + Reserves ₹1,086 Cr)
- Borrowings ₹135 Cr
- Market Cap ₹15,175 Cr (at ₹466/share)
- Cross-reference: Revenue band ₹1,750–2,000 Cr with EBITDA down 61.6% YoY and PAT down 47% YoY that year — consistent with the FY25→FY26 recovery narrative (PAT ₹73Cr→₹200Cr)
- Treat FY26 figures as confirmed-single-source (Screener/exchange-filing-based); recommend a second aggregator (Moneycontrol/annual report) cross-check before publishing exact figures
Funding
- Pre-IPO rounds: Series B ~$52M led by Sequoia Capital India (co-investor Sofina Ventures) at ~$1.2B valuation
- Series C $50M led by Sofina Ventures SA with Sequoia Capital India participating (2021); prior round of $23M. Company listed via IPO on NSE/BSE in November 2023
- Post-IPO, early investors Peak XV (formerly Sequoia), Stellaris Ventures, Sofina Ventures and Fireside Ventures divested stakes worth ~₹1,600 Cr (~$190M) in a block deal
- Tracxn round-name-only guidance from the task was not separately queried; figures above are from general web sources and should be treated as directional pending a Tracxn cross-check
In the News
Honasa Consumer proposes ₹3 dividend per share at upcoming AGM
scanx.trade · a month ago
Mamaearth parent Honasa Consumer targets Rs 5,500 cr revenue by FY31
ET Retail · a month ago
Mamaearth parent Honasa Consumer targets Rs 5,500 cr revenue by FY31
The Economic Times · a month ago
Honasa Consumer files FY26 BRSR report with stock exchanges
scanx.trade · a month ago
Honasa Consumer Share Price: Buy or Sell
Univest · a month ago
Headlines about Honasa Consumer Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges/Loans
- HDFC Bank Limited — 12 charges/loans totaling ₹44.4 Cr
- Kotak Mahindra Bank Limited — 2 loans totaling ₹9.0 Cr
- ICICI Bank Limited — 1 loan of ₹7.4 Cr. Consistent with reported FY26 borrowings figure of ₹135 Cr (Screener) — some gap suggests additional facilities/working-capital lines not itemized in the charges list pulled
Legal
- Partial (Indian Kanoon search, case list not deeply verified for outcomes): Multiple Delhi High Court matters, largely IP/trademark and commercial arbitration in nature — (1) Honasa Consumer Ltd vs RSM General Trading LLC, arbitration matter (Aug 2024 Delhi HC order; escalated to Supreme Court arbitration petition, Feb 2025)
- (2) Honasa Consumer Ltd vs Visage Beauty and Health Care Pvt Ltd, trademark matter COMM.IPD-TM 215/2023 (order June 2026)
- (3) Honasa Consumer Ltd vs Cloud Wellness Private Limited, COMM 483/2025 (Sept 2025)
- (4) Honasa Consumer Ltd vs RDV Design Technologies Pvt Ltd, arbitration petition ARB.P
- 1857/2025 (Jan 2026)
- (5) Honasa Consumer Ltd vs Aditi &
- Another (Aug 2024)
- No adverse/criminal proceedings surfaced; these read as routine commercial/trademark-enforcement litigation typical for a consumer brand portfolio
Competitors
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