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Honasa Consumer Share Price: Honasa Consumer, the parent company of FMCG brands such as Mamaearth and The Derma Co, on Tuesday (August 13), reported a 2.64 per cent year-on-year increase in consolidated net profit to Rs 41.32 crore for the June quarter of FY26. The company had posted a profit after tax of Rs 40.25 crore in the same period last year.
While revenue from operations grew 7.4 per cent to Rs 595.25 crore compared with Rs 554.05 crore in Q1 FY25.
Gross profit margin improved by 48 basis points to 71.2 per cent during the quarter. Total expenses rose 8.3 per cent year-on-year to Rs 563.55 crore, while total income was up 8 per cent at Rs 619.14 crore.
On Tuesday, Honasa Consumer’s shares closed at Rs 271 apiece on the NSE, up 1.75 per cent from the previous session.
Should you buy/sell/hold Mamaearth stock?
Following the earnings announcement, global brokerages gave mixed views on the stock:
CLSA upgraded the rating to accumulate from hold and raised the target price to Rs 333 from Rs 303.
Goldman Sachs maintained a neutral stance, increasing its target to Rs 295 from Rs 275.
JPMorgan retained an underweight rating, lifting its target to Rs 235 from Rs 197.
Meanwhile, Jefferies has maintained a 'buy' rating with a target price of Rs 400, citing a positive surprise on margins. The brokerage noted that unseasonal rains impacted sunscreen sales, contributing to modest 7 per cent revenue growth, but said the company still delivered a sequential improvement in EBITDA margin, beating expectations. It added that new brands continued to grow strongly, while Mamaearth is yet to recover.
(This story will be updated soon.)
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)
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