There are new opportunities in the market for Honasa Consumer to capitalise on, such as color cosmetics, exports, mass BPC market and new sub-categories, said the brokerage
Shares of Honasa Consumer, Mamaearth parent, hit a record high of ₹510.75 apiece earlier this year on January 23 but then entered a path of correction. Following the volatile performance of the stock since listing, brokerages have remained undetermined regarding its outlook; Here s what they say.
Honasa Consumer is also moving towards expansion in the offline distribution segment and focusing on fast-growing segments under the beauty and personal care umbrella.
Citi has initiated coverage on Mamaearth parent Honasa Consumer with a ‘buy’ call and a target price of ₹550, implying a 26 percent potential upside from its current market price of ₹436.25 (as on February 26).