Honasa Consumer Shares Surge 8% as Q2 NSV Growth Forecasted in Early 30s
Honasa Consumer shares rose as much as 8.24% to ₹478.55 on the NSE on Tuesday, October 6, after the company announced that it expects net sales value (NSV) growth in the early thirties year‑on‑year in Q2FY27. The forecast is described as broad‑based, supported by traction across its focus categories and brands. Net sales value is the value of products sold after adjusting for discounts, returns and other deductions from gross sales, indicating how much the company actually earns from its products.
Mamaearth, Honasa Consumer’s largest brand, is expected to post high‑teens YoY NSV growth during the quarter, supported by rising brand affinity and a widening offline footprint. The company’s younger brands, including The Derma Co., Aqualogica, BBlunt, Dr Sheth’s and others, are expected to accelerate growth to around the mid‑forties. Offline channels, including General Trade and Modern Trade, are expected to lead growth, while online sales are also expected to maintain momentum.
On profitability, Honasa said it expects to maintain an early double‑digit operating margin profile in Q2FY27, with strong year‑on‑year gains. The company clarified that the update is provisional and subject to limited review by statutory auditors, with detailed Q2 financial results to follow after board approval. The company also highlighted that its Focus Categories grew 35%+, and that stronger demand is seen across General Trade, Modern Trade and e‑commerce.
In late September 2026, venture capital firm Peak XV Partners and an affiliate pared their holdings in Honasa Consumer by selling a little over 4% stake for ₹597 crore through separate bulk deals on the NSE. A total of 1.32 crore shares, representing a 4.06% stake in the Gurugram‑based personal care company, changed hands in the transactions, according to exchange data.
Peak XV Partners Investments VI, an investment fund of Peak XV Partners, sold more than 1.07 crore shares on Tuesday, representing nearly a 3% stake in Honasa Consumer. Sequoia Capital Global Growth Fund III - US/ India Annex Fund LP also offloaded 25.02 lakh shares, or a 0.77% stake in the company. Sequoia Capital Global Growth Fund III - US/ India Annex Fund is co‑managed by Peak XV Partners and Sequoia Capital.
Following the latest stake sale, the combined holding of the investors in Honasa declined to 14.18% from 18.24%. Despite the divestment, the investor will remain the largest public shareholder. Honasa Consumer Q1 FY27 earnings saw a more than two‑fold jump in consolidated net profit to ₹90.45 crore for the June quarter, driven by growth in its core brands. Revenue from operations increased 27% year‑on‑year to ₹755.94 crore, compared to ₹595.25 crore in the corresponding period of FY26. Total expenses stood at ₹659.27 crore, up 17% YoY, in the quarter under review. Total income increased 25.73% to ₹778.45 crore.