Tuesday, 31 March, 2026
Honasa Shares Surge 13% After Q1 Beat; Jefferies Targets ₹400 on Optimism
By Isha
Honasa Consumer, owner of Mamaearth, saw its stock jump 13% to ₹301 after a strong Q1 report, featuring 7% YoY revenue growth to ₹595 crore and slightly improved net profit. EBITDA held steady despite margin pressure. Jefferies maintained a “Buy” rating, forecasting a target price of ₹400 and pegging the stock as high-risk yet high-reward, as sequential margin improvement exceeded expectations.
Read full story at Economic Times