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BSE LIVE NSE LIVE 26 Aug, 2025 12:21 Volume Todays L/H More ×

ICICI Securities's research report on Honasa Consumer

Honasa’s Q2FY26 performance reaffirms its focus on building category depth, scaling younger brands, and strengthening distribution reach. Mamaearth is back to growth (LFL: double digit) and sustained traction across younger brands such as The Derma Co. underscoring portfolio resilience, while continued innovation and selective entry into premium segments strengthened category relevance. Expanding offline footprint, improving mix and disciplined cost control supported steady margin progression in Q2. With younger brands now contributing >50% of revenue, new initiatives such as Luminéve in premium skincare

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