Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by innovative strategies and margin improvements.
Basis of our Recommendation
Honasa Consumer is on a strong growth trajectory, targeting ₹5,500 Cr in revenue by FY31, supported by innovative strategies, a diversified brand portfolio, and improved distribution. The company is also experiencing positive market sentiment and margin expansion, indicating a robust operational outlook.
Why We Like This Stock
- Ambitious revenue target of ₹5,500 Cr by FY31
- Improved distribution and profitability
- Positive market perception and strong growth momentum
Things To Watch Out For
- nan
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,764 | 1,866 | 2,392 | 2,825 | 3,325 |
| Profit Before Tax (Cr.) | 147 | 90 | 262 | 302 | 366 |
| PBT Margin | 8.3% | 4.8% | 11.0% | 10.7% | 11.0% |
| Net Profit (Cr.) | 111 | 62 | 174 | 200 | 243 |
| EPS | 3.4 | 1.9 | 5.3 | 6.2 | 7.5 |
Company Overview
Show Company Profile
Honasa Consumer Limited operates as a digital beauty and personal care company in India and internationally. The company provides body and baby care, skin and hair care, color cosmetics, other related personal care under Mamaearth, The Derma Co., Aqualogica, Ayuga, Staze and Dr. Sheth's brands. It offers beauty salon and hair styling services under the BBlunt brand; and operates Momspresso, a content development and influencer marketing platform. The company was formerly known as Honasa Consumer Private Limited and changed its name to Honasa Consumer Limited in November 2022. Honasa Consumer Limited was incorporated in 2016 and is based in Gurugram, India.