Following this latest allotment, Honasa’s issued, subscribed, and paid-up equity share capital will increase from INR 32.42 Cr to INR 32.48 Cr. This marks yet another milestone for the company, which has seen rapid growth since its founding in 2016 by Varun and Ghazal Alagh. Honasa’s diverse portfolio includes six prominent beauty and personal care brands: Mamaearth, The Derma Co., Aqualogica, Ayuga, BBlunt, and Dr. Sheth’s.
Financially, Honasa has demonstrated robust performance, with a remarkable 62.9% increase in profit after tax (PAT) to INR 40.2 Cr in Q1 FY25, up from INR 24.7 Cr in the same period last year. The company’s operational revenue also saw a significant year-over-year growth of 19.3%, reaching INR 554 Cr, driven by a surge in sales of its beauty products. Reflecting its ongoing investment in growth, the company’s total expenses increased by 17.4% to INR 520.4 Cr during the same period.
This latest ESOP allotment is a testament to Honasa Consumer Ltd.’s commitment to its employees and its impressive financial success. As the company continues to expand its footprint in the beauty and personal care industry, its focus on offering stock options as a form of employee compensation underscores the importance it places on employee ownership and engagement.
