Honasa looks good
Honasa Consumer, a beauty and personal care company best known for owning the Mamaearth brand is among the top three gainers on the BSE since the opening bell today.
And this is on the back of its earnings for Q1FY26.
A quick look: Q1 FY26 revenue stood at Rs.595 cr, growing 7% (YoY) amd on this, it posted a PAT of TRs.41 crore.
Gross profit margin improved to 71.2% in Q1 FY26, up 48 bps YoY.
Stock has been range-bound post-listing, with valuations considered on the higher side vs. FMCG peers. Q1 shows volume-led growth but margin pressure; market will watch for festive-season uptick in H2FY26. Long-term play depends on balancing aggressive marketing with sustainable profitability.
The company had gone public in Oct’2023 and the IPO was priced at Rs.324. The stock, yesterday, closed at Rs.268.10 and opened at Rs.278.35, rising to an intraday high at Rs.304.80. Its 52-week high stands at Rs.546.50.