1 day ago
Honasa Shares Rise as Mamaearth Growth Seen in High Teens
Honasa Consumer shared an update about how its business may perform in Q2 FY27.
Its Mamaearth brand is expected to grow in the high teens compared with a year earlier.
Several younger brands are expected to grow faster, with net sales value growth around the mid-forties.
The company expects its General Trade and Modern Trade sales channels to perform strongly.
It also expects its online business to keep growing.
Honasa said it is working to improve its operating profit margin.
Its shares rose to Rs 478.20 during Tuesday's trading.
The company said the update is provisional and is not a promise of final financial results.
Honasa Consumer shares reached Rs 478.20 on Tuesday, up 8.24% from the previous close of Rs 441.80.
Mamaearth's year-on-year growth is expected to be in the high teens in Q2 FY27.
The company's younger brands are expected to grow year-on-year net sales value by around the mid-forties.
Honasa expects strong Q2 FY27 growth from General Trade and Modern Trade, alongside continued online momentum.
The company expects an early double-digit operating margin profile, but said its update is provisional and is not earnings guidance.
- Who
- Honasa Consumer and its brands, including Mamaearth.
- What
- Honasa gave a provisional business update, including expected growth and operating margin for Q2 FY27; its shares rose 8.24% during Tuesday's trade.
- Where
- The update concerns Honasa Consumer's business and its shares; no specific location is stated.
- When
- Tuesday's trading; the outlook concerns Q2 FY27.
- Why
- The update described expected growth across brands and sales channels and the company's focus on improving EBITDA margin.
Key facts
- Share price high
- Rs 478.20 during Tuesday's trade
- Previous close
- Rs 441.80
- Share price change
- Up 8.24% from the previous close
- Mamaearth Q2 FY27 growth outlook
- Year-on-year growth in the high teens
- Younger brands' growth outlook
- Year-on-year net sales value growth around the mid-forties
- Operating margin outlook
- An early double-digit operating margin profile in Q2 FY27
- Status of update
- Provisional, subject to limited review by statutory auditors; voluntary and not financial results or earnings guidance
Sources
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