Are Honasa Consumer latest results good or bad?

Honasa Consumer has reported its financial results for the quarter ending June 2025, showcasing notable growth in several key performance metrics. The company's Profit Before Tax (PBT) reached Rs 31.70 crore, representing a significant increase compared to the average PBT of Rs 2.72 crore over the previous four quarters. Profit After Tax (PAT) also saw a substantial rise, reaching Rs 41.33 crore, which is a marked improvement from the average PAT of Rs 18.17 crore in the same timeframe.
The net sales for the quarter amounted to Rs 595.25 crore, achieving a five-quarter high and indicating a positive trend in sales performance. Additionally, the Earnings per Share (EPS) rose to Rs 1.27, the highest recorded in the last five quarters, reflecting enhanced profitability for shareholders.

However, it is important to note that a significant portion of the PBT, specifically 42.98%, was derived from non-operating income, amounting to Rs 23.89 crore. This reliance on non-business activities raises questions regarding the sustainability of the company's income model.

In terms of quarterly performance, the net sales demonstrated a growth of 11.56% compared to the previous quarter, while the consolidated net profit exhibited a growth of 65.45%. The operating profit margin, excluding other income, was reported at 7.69%, indicating a positive operational efficiency trend.

Overall, Honasa Consumer has experienced a revision in its evaluation, reflecting the substantial growth in its financial metrics, albeit with some concerns regarding the sustainability of its income sources.