Honasa Consumer (Mamaearth) Listed
Honasa Consumer Limited is a Gurugram-headquartered, digital-first beauty and personal care company built around a multi-brand portfolio — led by flagship brand Mamaearth — spanning skincare, haircare, baby care and men's grooming. Founded in 2016 by Varun Alagh and Ghazal Alagh, it became India's beauty-sector unicorn in 2022 and listed on the NSE/BSE in November 2023.
Valuation
Returns
Per share
Growth · year on year
Ownership
Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.
How this score is calculated
| Measure | Value | Scores | Source |
|---|---|---|---|
| P/E What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall. Computed on a different basis this reads 65.34, which would score 0/100. Scored on the figure shown. |
45.11 | 25/100 | BSE |
| P/B Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. |
10.38 | 0/100 | Market data |
| ROE Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. |
5.62 | 25/100 | Market data |
| ROCE Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. |
8.14 | 25/100 | Market data |
| Profit growth Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. |
-47.02 | 0/100 | Market data |
| Sales growth Year-on-year growth in revenue. |
5.74 | 25/100 | Market data |
| Promoter holding How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. |
35.47 | 50/100 | Market data |
The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.
Honasa Consumer (Mamaearth): Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 31 Oct 2023 | IPO | Rs 1,701.44 crore (~$226 million) | source | |
| 2 Jan 2022 | Growth round (Unicorn round) | $52 million | Sequoia Capital India Evolvence Sofina | source |
| 26 Jul 2021 | Growth round | $50 million | Sofina Fireside Ventures Sequoia Capital India Sharp Ventures Stellaris Venture Partners Titan Capital | source |
| 8 Jan 2020 | Series B | Rs 130 crore (~$18 million) | Sequoia Capital India Fireside Ventures Sharp Ventures Stellaris Venture Partners | source |
| 11 Sep 2018 | Series A | $4 million | Stellaris Venture Partners Fireside Ventures Kunal Bahl Rohit Bansal Sharp Ventures | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 24 Jun 2026 | Honasa Consumer (Mamaearth) | Fluence Pharma | Rs 135 crore enterprise value (58% stake) | source |
| 16 Dec 2025 | Honasa Consumer (Mamaearth) | BTM Ventures | Rs 195 crore for 95% stake | source |
| 16 May 2022 | Honasa Consumer (Mamaearth) | Dr Sheth's | Undisclosed | source |
| 14 Feb 2022 | Honasa Consumer (Mamaearth) | BBLUNT | Rs 135 crore | source |
| 24 Dec 2021 | Honasa Consumer (Mamaearth) | Momspresso | Rs 168 crore | source |
Recent Signals
-
8 Jul 2026 · org-team
Honasa Consumer incorporates Honasa Health as a new wholly-owned subsidiary to build a B2C nutrition portfolio source -
22 May 2026 · financial
Honasa Consumer FY26 consolidated profit more than doubles to Rs 200 crore source -
16 Dec 2025 · ma-strategic
Honasa Consumer acquires 95% of BTM Ventures, owner of men's grooming brand Reginald Men, for Rs 195 crore source
News on Honasa Consumer (Mamaearth)
-
25 Aug 2026
MamaEarth Calls Off Proposed 58% Fluence Pharma Acquisition -
13 Aug 2026
Mamaearth Parent Honasa Enters Fragrance Market With New Brand FIKN -
13 Aug 2026
The Derma Co Crosses ₹1,000 Crore Annualised Sales -
13 Aug 2026
Mamaearth Parent Honasa Q1 Profit Doubles to ₹90 Crore as Revenue Rises 27% -
9 Jul 2026
Mamaearth Parent Honasa Sees Double-Digit EBITDA Margins in Q1 FY27 -
28 Jun 2026
MamaEarth spent ₹660 crore on 6 acquisition since 2021 -
24 Jun 2026
Mamaearth Parent Honasa Buys 58% in Fluence Pharma, Enters Nutraceuticals -
24 Jun 2026
Mamaearth buy 58% stake in Fluence Pharma for Rs 135 Cr -
23 Jun 2026
Honasa Consumer Acquires Majority Stake in Fluence Pharma for Rs 135 Crore
L Litmus · by Lapaas
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Start Free ValidationFAQs on Honasa Consumer (Mamaearth)
Who founded Honasa Consumer (Mamaearth)?
Honasa Consumer (Mamaearth) was founded by Varun Alagh, Ghazal Alagh in 2016.
How much funding has Honasa Consumer (Mamaearth) raised?
Honasa Consumer (Mamaearth) has raised $350 Mn across 5 tracked funding round(s), most recently on 2023-10-31. Figures are compiled from cited public sources.
Who are the investors in Honasa Consumer (Mamaearth)?
Investors in Honasa Consumer (Mamaearth) include Sequoia Capital India, Evolvence, Sofina, Fireside Ventures, Sharp Ventures, Stellaris Venture Partners, Titan Capital.
What does Honasa Consumer (Mamaearth) do?
Honasa Consumer Limited is a Gurugram-headquartered, digital-first beauty and personal care company built around a multi-brand portfolio — led by flagship brand Mamaearth — spanning skincare, haircare, baby care and men's grooming. Founded in 2016 by Varun Alagh and Ghazal Alagh, it became India's beauty-sector…
Where is Honasa Consumer (Mamaearth) headquartered?
Honasa Consumer (Mamaearth) is headquartered in Gurugram, Haryana, India.
What is Honasa Consumer (Mamaearth)'s business model?
Honasa Consumer (Mamaearth)'s core value proposition centers on Made Safe / toxin-free certified products, Cruelty-free and Plastic Positive, Science-backed, purpose-driven multi-brand portfolio.
How does Honasa Consumer (Mamaearth) make money?
Honasa Consumer (Mamaearth)'s cited revenue streams include Direct product sales (D2C + retail) across multi-brand portfolio, FY26 revenue from operations, Flagship Mamaearth brand revenue, Younger/emerging-brand portfolio revenue (Derma Co., Aqualogica, Dr Sheth's, BBLUNT, Staze, Lumineve, Reginald Men).