Driven by volume growth, Honasa s quarterly revenue grew 21% YoY to Rs 496 crore while its Ebitda margin expanded 170 bps YoY to 8.1%, the highest ever.
Honasa Consumer share price: At Wednesday's closing price of Rs 352.10, the stock was up 8.67 per cent over its issue price of Rs 324. Jefferies recently initiated coverage on this stock with a high conviction Buy call
Honasa Consumer shares rose 13.07 per cent to hit a fresh high of Rs 398.15 on BSE. Jefferies values Honasa Consumer at 6 times September 2025 EV/sales.
Mamaearth: Honasa Consumer said a meeting of the board of directors of the company is scheduled to be held on Wednesday to consider, approve and take on record the unaudited standalone and consolidated financial results.
"Honasa should report industry-leading growth at 27% over the next 3 years. We value at 6x Sep-25 EV/sales (at a discount to HPC peers; implies 67x FY26 PE) to arrive at a price target of Rs 520," Jefferies said, while calling it a high conviction buy.