5440142026-07-012026-09-305440142026-09-305440142026-03-315440142026-04-012026-09-305440142026-07-012026-09-30in-capmkt:OtherExpenses1Member5440142026-07-012026-09-30in-capmkt:OtherExpenses2Member5440142026-04-012026-09-30in-capmkt:OtherExpenses1Member5440142026-04-012026-09-30in-capmkt:OtherExpenses2Member5440142026-09-30OtherNoncurrentFinancialAssetsDomain15440142026-09-30OtherNoncurrentFinancialAssetsDomain25440142026-09-30OtherNoncurrentFinancialAssetsDomain35440142026-09-30OtherNoncurrentAssetsDomain15440142026-09-30OtherNoncurrentAssetsDomain25440142026-09-30OtherCurrentFinancialAssetsDomain15440142026-09-30OtherCurrentFinancialAssetsDomain25440142026-09-30OtherCurrentFinancialAssetsDomain35440142026-09-30OtherCurrentFinancialAssetsDomain45440142026-09-30OtherCurrentFinancialAssetsDomain55440142026-09-30OtherCurrentAssetsDomain15440142026-09-30OtherCurrentAssetsDomain25440142026-09-30OtherCurrentAssetsDomain35440142026-09-30OtherCurrentAssetsDomain45440142026-09-30OtherCurrentAssetsDomain55440142026-09-30OtherNoncurrentFinancialLiabilitiesDomain15440142026-09-30OtherNoncurrentFinancialLiabilitiesDomain25440142026-09-30OtherCurrentFinancialLiabilitiesDomain15440142026-09-30OtherCurrentFinancialLiabilitiesDomain25440142026-09-30OtherCurrentFinancialLiabilitiesDomain35440142026-09-30OtherCurrentFinancialLiabilitiesDomain45440142026-09-30OtherCurrentFinancialLiabilitiesDomain55440142026-09-30OtherCurrentLiabilitiesDomain15440142026-09-30OtherCurrentLiabilitiesDomain25440142026-09-30OtherCurrentLiabilitiesDomain35440142026-09-30OtherCurrentLiabilitiesDomain45440142026-09-30OtherCurrentLiabilitiesDomain55440142026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15440142026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25440142026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15440142026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25440142026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15440142026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544014HONASANOTLISTEDINE0J5401028Honasa Consumer LimitedMain BoardEquity2026-04-012027-03-312026-11-062026-10-22INRMillionsQuarterlySecond quarterSingle segmentBeauty and Personal care2026-11-0612:39:002026-11-0612:55:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated7311870000217550000752942000002741910000-5438900007319300003166000010973000034527900006524130000100529000001005290000283400000-7880000275520000072977000000027100007324800009990000742470000730980000150000074097000015000003260240000102.242.23002.242.23Notes to the Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 1. The above Unaudited Consolidated Financial Results of Honasa Consumer Limited (the 'Holding Company' or 'the Company') together with its subsidiaries (collectively the 'Group') and joint venture have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') as prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules thereunder and in terms of the Regulation 33 of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These Unaudited Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 06, 2026. 2. During the year ended March 31, 2024, the Holding Company had completed its Initial Public Offer (IPO) of 52,515,692 equity shares of face value of Rs. 10 each at an issue price of Rs. 324 per share (including a share premium of Rs. 314 per share). A discount of Rs. 30 per share was offered to eligible employees bidding in the employee reservation portion of 22,678 equity shares. The issue comprised a fresh issue of 11,267,530 equity shares aggregating to Rs. 3,650 million and offer for sale of 41,248,162 equity shares by selling shareholders aggregating to Rs. 13,364.40 million. Pursuant to the IPO, the equity shares of the Holding Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on November 07, 2023. The utilisation of the IPO proceeds from fresh issue of Rs. 3,504.92 million (net of IPO expenses of Rs. 145.08 million) is summarized below: Amount to be utilised as per Prospectus (INR Millions) Advertisement expenses towards enhancing the awareness and visibility of brands : 1820 Capital expenditure to be incurred by the Company for setting up new EBOs : 206 Investment in Subsidiary, BBlunt for setting up new salons : 260 General corporate purposes and unidentified inorganic acquisition : 1218.92 Total : 3504.92 Utilisation upto September 30, 2026 (INR Millions) Advertisement expenses towards enhancing the awareness and visibility of brands : 1820 Capital expenditure to be incurred by the Company for setting up new EBOs : 93.51 Investment in Subsidiary, BBlunt for setting up new salons : 93.66 General corporate purposes and unidentified inorganic acquisition : 1218.92 Total : 3226.09 3. The Group is principally engaged in trading of variety of beauty and personal care products and related services with products across baby care, skin care, hair and other related personal care categories which are manufactured through third party contract manufacturers. Accordingly, these, in the context of Ind AS 108 on operating segments reporting are considered to constitute one segment by the Chief Operating Decision Maker and hence the Group has not made any additional segment disclosures. 4. Figures for Unaudited standalone financial results of the Holding Company are as follows: Quarter ended September 30, 2026 (INR Millions) (Unaudited) Revenue from operations : 6894 Profit before tax : 976.41 Profit after tax : 717.01 Quarter ended June 30, 2026 (INR Millions) (Unaudited) Revenue from operations : 6963.18 Profit before tax : 1112.46 Profit after tax : 843.12 Quarter ended September 30, 2025 (INR Millions) (Unaudited) Revenue from operations : 5266.94 Profit before tax : 514.67 Profit after tax : 383.47 Six months ended September 30, 2026 (INR Millions) (Unaudited) Revenue from operations : 13857.18 Profit before tax : 2088.87 Profit after tax : 1560.13 Six months ended September 30, 2025 (INR Millions) (Unaudited) Revenue from operations : 11103.22 Profit before tax : 1052.91 Profit after tax : 782.48 Year ended March 31, 2026 (INR Millions) (Audited) Revenue from operations : 23054.12 Profit before tax : 2447.09 Profit after tax : 1908.27 5. RSM General Trading LLC ("RSM"), an overseas distributor of the Holding Company, had initiated proceedings in the UAE alleging wrongful termination of the Distributorship Agreement and claiming damages of AED 45 million. The UAE Court initially awarded AED 25.07 million plus interest in favour of RSM. Following various appeals and challenges, the Dubai Court of Cassation (the Highest Court of Dubai, UAE), on July 29, 2026, upheld the Court of Appeal judgment limiting the compensation payable by the Holding Company to AED 1.75 million (Rs. 42.75 million). Separately, the Holding Company initiated proceedings before the Delhi High Court seeking an anti-suit and enforcement injunction against RSM. The matter was subsequently referred to arbitration in accordance with the dispute resolution provisions of the agreement. The arbitral tribunal, through its award dated May 14, 2026, as amended on June 26, 2026, held, inter alia, that the termination of the agreement by the Holding Company was valid, restrained RSM from pursuing proceedings before the Dubai Courts, and directed RSM to pay the Holding Company AED 9.92 million (INR 255.36 million) along with applicable post-award interest. The award further requires RSM to compensate the Holding Company for any amounts sought to be recovered pursuant to decisions of the Dubai Courts relating to termination of the agreement. RSM's right to challenge the Award expired on October 25, 2026. The Holding Company is seeking legal advice from its counsels on the potential enforcement of the Award and the remedies available to it under law. Accordingly, based on the above, the Holding Company does not expect any material financial impact as on date. 6. During the six months ended September 30, 2026, the Holding Company granted 574,400 options to employees under "Employee stock options plan 2018", as approved by the Nomination and Remuneration Committee of the Holding Company. During the six months ended September 30, 2026, the paid-up equity share capital of the Holding Company has increased from Rs. 3,253.70 million to Rs. 3,260.24 million pursuant to allotment of 654,422 equity shares on exercise of stock options by employees. 7. On November 21, 2025, the Government of India notified the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the "Labour Codes"). The Labour Codes consolidate various existing labour laws and introduce changes, including a harmonised definition of wages, which impacts the computation of employee benefit obligations such as gratuity and compensated absences. Based on the information currently available and the guidance issued by the Institute of Chartered Accountants of India, the Group has evaluated the impact of these changes and recognised an incremental cost of Rs. 47.97 million as past service cost as an exceptional item for the year ended March 31, 2026. The Group continues to monitor developments relating to the Labour Codes and will assess the impact, if any, on the measurement of employee benefit liabilities in future periods. 8. The Board of Directors of the Holding Company, at its meeting held on May 21, 2026, had recommended a final dividend of Rs. 3/- per equity share of face value of Rs. 10/- each for the financial year 2025-26, which was approved by the shareholders of the Holding Company at the 10th Annual General Meeting held on September 28, 2026. Accordingly, the dividend aggregating Rs. 978.07 million has been recognised as a distribution to equity shareholders of the Holding Company during the quarter and six months ended September 30, 2026. 9. The Board of Directors of the Holding Company, at its meeting held on June 23, 2026, had approved the proposed acquisition of 58% equity stake of Fluence Pharma Private Limited ("Fluence Pharma"), subject to closing adjustments and completion of conditions precedent, with the remaining 42% equity stake to be acquired in two tranches over the next 5-7 years from completion of acquisition of the aforesaid stake. Subsequently, on August 25, 2026, the Holding Company called off the proposed acquisition due to non-fulfilment of the closing conditions specified under the Share Purchase Agreement executed between the Holding Company and Fluence Pharma. 10. Subsequent to the quarter and six months ended September 30, 2026, the Board of Directors of Bhabani Blunt Hair Dressing Private Limited ("BBlunt"), a wholly owned subsidiary of the Holding Company and B:Blunt-Spratt Hairdressing Private Limited ("B:Blunt Spratt"), a step-down wholly owned subsidiary of the Holding Company, have approved the draft Scheme of Amalgamation ("Scheme") of B:Blunt Spratt with and into and BBlunt as per section 233 of the Companies Act, 2013 read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (including any amendment thereto or re-enactment thereof) and other applicable provisions of the Companies Act, 2013. The Scheme is subject to requisite statutory and regulatory approvals. 11. The Board of Directors of the Holding Company, at its meeting held on June 23, 2026, had approved the incorporation of a wholly owned subsidiary, Honasa Health Private Limited ("Honasa Health"), to undertake the business-to-consumer (B2C) operations of the Group's nutraceuticals business. During the quarter ended September 30, 2026, Honasa Health was incorporated on July 7, 2026, and the Holding Company has subscribed to 10,000 equity shares of Rs. 10 each aggregating to Rs. 0.1 million.2026-04-012026-09-30UnauditedConsolidated148713300004426600001531399000005144330000-655790000139572000061880000214680000695601000013116830000219716000002197160000568890000-541000056348000001633680000000328000016369600007390000164435000016334700003490000164086000034900003260240000105.014.99005.014.99Advertisement expense2445750000Other Expenses1007040000Advertisement expense4852660000Other Expenses21033500001260250000172465000017990700001018500001039900000456204000046660300001156200006579000097332600002319940000337598000023907900001188600000294250000029761000001022572000080534000013351000000002308426000032602400001159972000014859960000148599600000000966870000966870000130250000100000109722000004394400003820650000426009000015778100005837900000546750000107670000634760000712708000000822430000023084260000Security deposits81810000Fixed deposit with maturity of more than 12 months4108200000Interest accrued372030000Capital Advances12570000Income Tax Asset53220000Security deposits66720000Recoverable from payment partners333140000Deposit with maturity of less than 12 months2216330000Interest accrued360660000Others-750000Balance with government authorities582260000Prepaid expenses63960000Advance to suppliers105200000Right to receive inventory on provision for sales return net of provision47900000Advance to employees6020000Lease Liabilities964530000Security deposits2340000Lease Liabilities322600000Employee benefits payable227720000Payable for capital goods, security deposits and others19090000Non Controlling Interest Liabilities120000000Dividend payable888400000Statutory dues payable183810000Advance from customers44390000Provision for sales return299770000Deferred revenue17650000Deferred income liability113000061880000-662410000-4619500000-4272000000-278000004832400000-8319000002146800000025730000-11228000003710000028694000036140000-792100000-682600000890300000-885330000131183000000038298000009288500000000000017300004735000000080000000000021150000002952090000000009858000000-784210000005086000000000001946800000483000000-148650000-4010000370000-364000011922400001188600000Re-measurement gains/(losses) on defined benefit plans15550000Share of other comprehensive (loss) of a joint venture-1000015540000Re-measurement gains/(losses) on defined benefit plans10180000Share of other comprehensive (loss) of a joint venture-200001016000039100002560000Net exchange gain /(loss) on translation of foreign operations-1640000-1640000Net exchange gain /(loss) on translation of foreign operations-210000-2100000099900007390000