Honasa posted its highest-ever revenue for Q3FY26 at Rs 630 crore, marking a 22% increase year-on-year. Revenue from operations was Rs 602 crore, growing 16% from Rs 518 crore in Q2. Net profit rose 28% sequentially to Rs 50 crore from Rs 39 crore. The company’s topline saw 12% growth quarter-on-quarter to Rs 538 crore. Honasa completed Project ‘Neev’ by shifting to a direct distribution model in 50 major cities. This change removed the super stockist layer and some distributors, replacing them with higher-quality Tier 1 distributors to reach retailers. Due to this, the company made a Rs 63.51 crore sales returns provision in FY25. As of December 31, 2025, the sales returns provision was Rs 3.41 million with no inventory left. Younger brands grew over 25%. The Derma Co. kept strong momentum with double-digit EBITDA. Offline execution improved, covering over 1 lakh direct outlets, expanding total distribution by 25% to 2.7 lakh outlets. Products like Mamaearth Rice Face Wash and BBlunt Intense Moisture Shampoo performed well against tough competitors. Honasa CIO and Co-founder Ghazal Alagh said, "Innovation and re-innovation remain at the heart of how the company builds its brands at Honasa. Products like Mamaearth Rice Face Wash and BBlunt Intense Moisture Shampoo performing strongly against leading national and international benchmarks reaffirm our belief that consumers reward genuine product superiority. As we move ahead, our focus remains clear- strengthen fundamentals, invest in better science and sharper execution, and continue building Honasa as a House of Purposeful Brands anchored in sustainable, long-term growth."