Tiger Brokers

BUZZ-India's Honasa Consumer hits over 7-month high after Q3 profit jump

Reuters
Feb 13
BUZZ-India's Honasa Consumer hits over 7-month high after Q3 profit jump

** Shares of Honasa Consumer HONA.NS rise 5.5% to 315.55 rupees, highest since June 2025

** Personal care co and Mamaearth parent's Q3 consol profit jumps ~93% Y/Y; rev up 16%

** HSBC says cos' costs controls and ad spend optimisation helped strengthen its margins; raises PT to 260 rupees from 242 rupees, maintains "reduce"

** CLSA believes co can continue to grow Mamaearth in double digits while working on growing younger brands faster; raises PT to 384 rupees from 350 rupees, maintains "outperform"

** Over 4.6 mln shares traded, over 10x the 30-day avg

** Stock rated "hold" on avg; median PT 330 rupees - data compiled by LSEG

** Stock up 7% YTD

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

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