2 weeks ago
Honasa shares hit 52-week high as brokerages turn bullish
Honasa Consumer is an Indian company that makes skin and hair care products.
Its most famous brand is called Mamaearth.
The company recently told everyone how much money it made in one quarter.
It made more money in that quarter than it ever had before.
That made people who buy and sell shares very happy.
The company's share price went up to its highest level in a year on the stock exchange.
Two big financial companies, HDFC Securities and JM Financial, said the shares are still a good buy.
They believe the company will keep growing because people are buying lots of its products.
The company's other brands, like The Derma Co, are also growing very fast.
So the news is about a company doing really well and investors getting excited about it.
Honasa Consumer shares touched a 52-week high of ₹501.60 on the NSE on August 14 before trading around ₹489.50, up about 2.1 per cent.
The company reported its highest-ever quarterly revenue and profit, with consolidated revenue at ₹756 crore (₹785 crore like-for-like), up about 32 per cent year-on-year.
EBITDA more than doubled to ₹110 crore with margins expanding to 14.1 per cent, while profit after tax rose over 116 per cent to ₹90 crore.
Both HDFC Securities and JM Financial maintained BUY ratings, setting target prices of ₹550 and ₹560 respectively.
Younger brands including The Derma Co, Aqualogica, Dr. Sheth's, BBlunt, Staze and Reginald Men grew collectively at 40 per cent, with The Derma Co crossing a ₹1,000 crore annualised revenue run rate.
- Who
- Honasa Consumer, parent company of Mamaearth, and brokerages HDFC Securities and JM Financial
- What
- Honasa Consumer shares touched a 52-week high after record quarterly revenue and profit and bullish BUY ratings
- Where
- National Stock Exchange (NSE), India
- When
- Friday, August 14, 2026
- Why
- Strong first-quarter performance with highest-ever quarterly revenue and profit, plus brokerages maintaining or raising their target prices
Key facts
- 52-week high share price
- ₹501.60
- Mid-session share price
- ₹489.50 (up ~2.1%)
- Q1 consolidated revenue
- ₹756 crore reported; ₹785 crore like-for-like (+32% YoY)
- EBITDA
- ₹110 crore, margin 14.1%
- Profit after tax
- ₹90 crore (+116% YoY)
- HDFC Securities target price
- ₹550 (June 2027)
- JM Financial target price
- ₹560 (raised from ₹485)
- P/E ratio
- ~62.7 times
Sources
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