Shares of Honasa Consumer Limited experienced a notable increase of over 6 percent, reaching a new 52-week peak of ₹398 on the National Stock Exchange (NSE) on Friday morning. The stock was trading around ₹382 by 11 am, reflecting a rise of ₹21.90 from the previous day’s close of ₹360.50. This marks a substantial return of nearly 35 percent year-to-date, significantly outpacing the Nifty 500’s 5 percent decline during the same timeframe. In early trading, buy orders prevailed, with approximately 70 percent of volume on the purchase side and a traded value surpassing ₹975 crore.
This surge follows the announcement of Q4FY26 results on the last trading day, which garnered mostly positive reactions from analysts. CLSA retained an Outperform rating with a target price of ₹434, highlighting that revenue exceeded its estimates and consensus by 4-6 percent, while EBITDA surpassed expectations by 19-24 percent. Jefferies expressed a more bullish outlook, maintaining a Buy rating and setting a target of ₹565, asserting that the company’s turnaround is complete and referencing management’s guidance of high-teens revenue growth alongside a 100 basis points annual EBITDA expansion as indicative of a “compounding story in the making.” JM Financial also revised its target upwards, from ₹375 to ₹420, pointing to robust performances in revenue and margins, and raised FY26-28 earnings estimates by 9-12 percent.
Analysts identified three prominent themes: Mamaearth’s return to mid-teens growth, with management optimistic about sustaining double-digit momentum; a 30 percent year-on-year increase in general and modern trade offtake indicating substantial brand traction beyond online platforms; and operating leverage facilitating margin expansion well above expectations.
For Q4, Honasa reported revenue of ₹657 crore and EBITDA of ₹77 crore, reflecting an 11.3 percent margin—an increase of over 185 percent year-on-year. Additionally, the profit after tax stood at ₹69 crore. For the entire fiscal year FY26, revenue was approximately ₹2,479 crore, marking a 20 percent increase, while EBITDA surged to ₹231 crore, tripling compared to the previous year. The board also proposed the company’s first dividend of ₹3 per share, amounting to about ₹98 crore. The stock is currently trading at a price-to-earnings ratio of 58.55.
