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Honasa Consumer Projects Early-30s NSV Growth in Q2 FY27
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Storyboard•06-10-2026, 09:24
Honasa Consumer Projects Early-30s NSV Growth in Q2 FY27
- •Honasa Consumer expects net sales value growth in the early-thirties year-on-year for Q2 FY27, driven by broad-based portfolio expansion.
- •Mamaearth is projected to register high-teens year-on-year NSV growth due to brand affinity and an expanding offline footprint.
- •Younger brands under Honasa are anticipated to accelerate their NSV growth to around the mid-forties year-on-year.
- •Offline distribution across General Trade and Modern Trade remains the principal driver of growth as the company expands its omnichannel presence.
- •The company expects to maintain an early double-digit operating margin in Q2 FY27 alongside strong year-on-year improvement.
Key Questions Answered
Honasa Consumer expects its net sales value (NSV) growth to reach the early-thirties year-on-year for the quarter ended September 30, 2026.
Both General Trade and Modern Trade are expected to post strong growth, supported by deeper direct distribution and sharper execution at the point of sale.
Honasa expects to maintain an early double-digit operating margin in Q2 FY27 along with strong year-on-year improvement.
