Mamaearth Shares Rise Up to 9% After Q2 FY26 Results: Return to Profit Boosts Market Sentiment.

Market Performance: Mamaearth Shares Gain Momentum

Mamaearth shares were in the spotlight on Thursday’s trade, rising as much as 9% after the company’s Q2 FY26 results showed a strong recovery in profitability.

The stock opened higher by 6.36% and touched an intraday high of ₹308.20 per share on the NSE up 9.2% from the previous close. By 10:15 AM, the stock settled around ₹295, maintaining a healthy gain amid broad market volatility.

The rise reflected renewed investor confidence as the company marked a turnaround in earnings after posting a loss in the same period last year.

Main News: Mamaearth Returns to Profit in Q2 FY26

Honasa Consumer Ltd — the parent company of Mamaearth and The Derma Co — reported a consolidated net profit of ₹39.22 crore for the July–September quarter (Q2 FY26).

This comes as a sharp contrast to the ₹18.57 crore loss it reported in the year-ago period, signaling a steady recovery in its personal care and skincare business.

Here’s a quick look at the financial highlights:

• Net Profit: ₹39.22 crore vs. ₹(18.57) crore YoY
• Revenue from Operations: ₹538.06 crore vs. ₹461.82 crore YoY — up 16.5%
• Total Income: ₹558.20 crore, higher by 15.84% year-on-year
• Total Expenses: ₹505.45 crore — slightly lower than last year

The improvement in profitability and operating efficiency suggests that the company’s cost discipline and growth strategy are now showing results.

Company Insights: Strong Growth in Core Categories

Mamaearth’s core categories continued to perform well, contributing over 75% of total revenues.

This growth was driven by deeper distribution expansion, brand visibility, and a sharper digital presence, which helped the company strengthen consumer engagement across India.

As per its management note, unit volume growth (UVG) for Q2 remained strong at 16.7%, underscoring a volume-led recovery rather than just price gains.

This indicates that consumers are actively buying more of Mamaearth’s core products — a positive sign for sustainable growth ahead.

The company highlighted that its category-first strategy continues to work effectively, supported by strong demand in beauty, skincare, and haircare segments.

Strategic Focus: Distribution and Brand Building

Over the last few quarters, Mamaearth has expanded its offline retail footprint alongside its digital presence.

This omnichannel strategy helped the brand connect with a wider customer base while improving repeat purchase rates.

By focusing on core growth categories, the company ensured stable contribution margins while maintaining pricing discipline amid rising input costs.

The management emphasized ongoing investments in brand-building and innovation, positioning Mamaearth as a leading player in the D2C-driven FMCG space.

Summary: Market Sees a Positive Turnaround Story

In short, Mamaearth’s Q2 FY26 results signal a clear financial turnaround — shifting from losses to profits, with steady revenue growth and strong operating performance.

Even as market volatility continues, the stock’s 9% rise highlights investor optimism toward the company’s evolving strategy and sustained growth in India’s fast-moving consumer goods (FMCG) space.

With revenue up 16.5%, profits back in the green, and unit volume growth at 16.7%, Mamaearth’s second quarter has reaffirmed its resilience and adaptability in a competitive market.