Honasa Consumer Q2 FY27: NSV growth in early thirties expected

Honasa Consumer Ltd anticipates a robust Q2 FY27, projecting Net Sales Value (NSV) year-on-year (YoY) growth in the early thirties. This growth is expected to be driven by broad-based traction across its focus categories and brands. Mamaearth, the largest brand, is forecast to achieve high-teens YoY NSV growth, while younger brands are expected to accelerate their YoY NSV growth to around mid-forties. The company also expects continued EBITDA margin improvement, targeting an early double-digit operating margin profile for the quarter. This update is provisional and subject to limited review.