NSE: HONASA | BSE: 544014

Mid-range Performer

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469.30 12.05 (2.64%)

88.93% Gain from 52W Low

759.6K NSE+BSE Volume

NSE 16 Sep, 2026 3:31 PM (IST)

15,300.3

Market Cap

Above industry Median

Beta 1Year

Very Low volatility

Honasa Consumer Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HONASA, BSE:544014 Honasa Consumer Ltd.

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Honasa Consumer Ltd.

13 Aug 2026

469.30

2.64%

‘House of Brands’ starts to add up

Buy: Honasa Consumer Ltd.

Target

ICICI Securities Limited

Honasa’s Q1FY27 was a strong quarter and helps address two investor concerns: whether Mamaearth (ME) can return to steady growth, and whether Honasa can scale brands beyond ME.

Honasa Consumer Ltd. has an average target of 596.67 from 3 brokers.

Honasa Consumer Ltd.

15 Jul 2026

469.30

2.64%

House of Brands, House of Compounding

Buy: Honasa Consumer Ltd.

invest4Edu

We believe Honasa's House of Brands architecture, its AIdriven innovation stack, and a newly de-risked offline distribution engine (post Project Neev) justify a re-rating,
and we value the stock at 55x FY28 EPS to arrive at our target price of Rs 570.

Number of FII/FPI investors increased from 138 to 181 in Jun 2026 qtr.

Honasa Consumer Ltd.

11 Jun 2026

469.30

2.64%

Honasa 2.0 – From parity to superiority

Buy: Honasa Consumer Ltd.

Target

Emkay

We attended Honasa’s ‘Investor Day’ on 10-Jun-26 where the company shared its vision for FY31. Honasa aims to become the fastest-growing domestic FMCG player and reach >Rs50bn in revenue, with significant expansion of 500bps in EBITDA margin to 15% by FY31.

Honasa Consumer has gained 74.49% in the last 6 Months

Honasa Consumer Ltd.

04 Jun 2026

469.30

2.64%

Beyond the reset

Buy: Honasa Consumer Ltd.

Target

ICICI Securities Limited

Honasa’s upcoming Analyst Meet is likely to focus less on near-term recovery and more on the sustainability of growth, profitability and the long-term shape of the business.

Honasa Consumer has gained 74.49% in the last 6 Months

Honasa Consumer Ltd.

13 Nov 2025

469.30

2.64%

Clarity, focus and execution - we stay believers!

Buy: Honasa Consumer Ltd.

ICICI Securities Limited

Honasa’s Q2FY26 performance reaffirms its focus on building category depth, scaling younger brands, and strengthening distribution reach.

Honasa Consumer has gained 74.49% in the last 6 Months

Honasa Consumer Ltd.

13 Aug 2025

469.30

2.64%

Steady start to the fiscal; scale and mix to drive momentum. We stay believers.

Buy: Honasa Consumer Ltd.

ICICI Securities Limited

Honasa started FY26 on steady footing – revenue/ UVG up 7.4%/ 10.5% YoY driven by 20%+ growth in focus categories across brands. Revenue growth was partially impacted by early onset of monsoon (200bps impact on revenue).

Honasa Consumer Ltd. has an average target of 596.67 from 3 brokers.

Honasa Consumer Ltd.

30 Jun 2025

469.30

2.64%

Honasa Day: Redefining strategy – sharper focus and stronger execution

Buy: Honasa Consumer Ltd.

Target

ICICI Securities Limited

We hosted Honasa Day, which featured presentations from Varun Alagh (Co-founder & CEO), Ghazal Alagh (Cofounder & CIO) and team. Given the management conviction, the evolution in the business strategy and the strength in execution, we reiterate our high conviction positive stance on Honasa.

Honasa Consumer Ltd. has an average target of 596.67 from 3 brokers.

Honasa Consumer Ltd.

07 Jul 2024

469.30

2.64%

Play on execution; re-rating on expected lines

Buy: Honasa Consumer Ltd.

Target

Emkay

Honasa remains our favored pick in the sector, on better execution supporting
a healthy revenue growth trend/margin expansion; this would lead to valuation
re-rating

Number of MF schemes increased from 18 to 26 in Jun 2026 qtr.

Honasa Consumer Ltd.

01 May 2024

469.30

2.64%

Strengthening offline foundation crucial

Buy: Honasa Consumer Ltd.

Emkay

Offline channels, which bring ~1/3rd of revenue for Honasa, are likely to be a
big driver of growth going ahead (better margin channel).

Honasa Consumer has gained 74.49% in the last 6 Months

Honasa Consumer Ltd.

28 Apr 2024

469.30

2.64%

Breaking boundaries; initiate with BUY

Buy: Honasa Consumer Ltd.

ICICI Securities Limited

‘Honasa’ is derived from Honest, Natural, Safe. We believe its flywheel of ‘Mamaearth’ is replicable in other brands (demonstrated by success of ‘The Derma Co’, etc.).