|
30 Dec 2025 |
Honasa Consumer
|
Consensus Share Price Target
|
292.20 |
327.85 |
- |
12.20 |
hold
|
|
|
|
|
13 Nov 2025
|
Honasa Consumer
|
ICICI Securities Limited
|
292.20
|
400.00
|
289.40
(0.97%)
|
36.89 |
Buy
|
|
|
Honasa’s Q2FY26 performance reaffirms its focus on building category depth, scaling younger brands, and strengthening distribution reach.
|
|
13 Aug 2025
|
Honasa Consumer
|
ICICI Securities Limited
|
292.20
|
400.00
|
285.15
(2.47%)
|
36.89 |
Buy
|
|
|
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).
|
|
30 Jun 2025
|
Honasa Consumer
|
ICICI Securities Limited
|
292.20
|
400.00
|
310.70
(-5.95%)
|
36.89 |
Buy
|
|
|
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.
|
|
07 Jul 2024
|
Honasa Consumer
|
Emkay
|
292.20
|
525.00
|
482.35
(-39.42%)
|
Target met |
Buy
|
|
|
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
|
|
01 May 2024
|
Honasa Consumer
|
Emkay
|
292.20
|
500.00
|
431.20
(-32.24%)
|
Target met |
Buy
|
|
|
Offline channels, which bring ~1/3rd of revenue for Honasa, are likely to be a
big driver of growth going ahead (better margin channel).
|
|
28 Apr 2024
|
Honasa Consumer
|
ICICI Securities Limited
|
292.20
|
550.00
|
428.70
(-31.84%)
|
|
Buy
|
|
|
‘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.).
|
|
22 Apr 2024
|
Honasa Consumer
|
Emkay
|
292.20
|
500.00
|
404.60
(-27.78%)
|
Target met |
Buy
|
|
|
Honasa, in a journey to gain scale in the Indian Beauty market, has built ‘The
Derma Co’ — their second profitable brand, with ARR of Rs5bn+. The Derma Co,
launched in 2020, offers science-backed products powered by active
ingredients. It leads the market, sized at Rs20bn, with ~20% share
|
|
31 Oct 2023
|
Honasa Consumer
|
Hem Securities
|
292.20
|
|
|
|
IPO Subscribe
|
|
|
|
|
30 Oct 2023
|
Honasa Consumer
|
HDFC Securities
|
292.20
|
|
|
|
IPO Note
|
|
|
Issue Snapshot: Issue Open: October 31 November 02, 2023 Price Band: Rs. 308 324 (Discount of Rs 30 for all eligible employee) *Issue Size: 52,513,594 eq sh (Fresh Issue of Rs 365 cr + Offer for sale of 41,248,162 eq sh including employee reservation of Rs.1 cr) Reservation for: QIB atleast 75% eq sh Non-Institutional upto 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail upto 10% eq sh Face Value: Rs 10 Book value: Rs 20.29 (June 30, 2023) Bid size: - 46 equity shares and in multiples thereof 100% Book built Issue ipo-note Honasa Consumer Limited 30102023
|
|
30 Oct 2023
|
Honasa Consumer
|
Ventura
|
292.20
|
|
|
|
IPO Note
|
|
|
|