D2C brand Mamaearth has been ranked as the third-largest skincare brand in India, according to Euromonitor International.
The company has also risen to the ninth spot among India’s top beauty and personal care brands, up from thirteenth last year.
Honasa Consumer’s second brand, The Derma Co., has entered the top 20 skincare brands in India, emerging as the largest active-based skincare brand in the country.
In announcing this news, Ghazal Alagh, co-founder of Mamaearth, shared on her LinkedIn:
“I’m super excited to share that Mamaearth has been recognized as the third-largest skincare brand in India by Euromonitor International! This achievement wouldn’t have been possible without the hard work of our teams and the trust of our amazing consumers.
I’m also proud to announce that The Derma Co. has made it into the top 20 skincare brands in India! This really reinforces our position as a key player in the Indian beauty and personal care market.
As we continue to grow and innovate, we’re dedicated to providing effective and sustainable skincare solutions. Thank you for trusting us! Here’s to building the next phase of beauty and personal care in India.”
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Honasa Consumer’s expanding portfolio now includes brands like Aqualogica, Dr. Sheth’s, and BBlunt, catering to the evolving needs of Indian consumers.
Mamaearth, Honasa’s flagship brand, reported a quarter-on-quarter revenue increase of 17.6%, reaching Rs 554 crore—its most profitable quarter to date—with a profit after tax (PAT) of Rs 40 crore.
