Brokers after Q1 FY26 result allocation after HONASA consumer; Jefferies Target indicates up to 47% upside
Honasa Consumer Stock Price: Honasa Consumer, the parent company of the FMCG brand, reported on Tuesday (August 13) brand companies such as Mamaearth and Derma Co, which reported consolidated net profit increased by 2.64% year-on-year to Rs 4.132 crore in the June quarter fiscal 26. The company’s after-tax after-tax tax amounted to Rs 4025 crore in the same period last year.
While revenue from operations rose 7.4% to Rs 59525 crore, revenue in Q1 was Rs 5545 crore.
Gross margin increased by 48 basis points to 71.2% in the quarter. Total expenses rose 8.3% year-on-year to Rs 5.655 crore, and total revenues rose 8% to Rs 61.914 crore.
On Tuesday, Honasa Consumer’s shares ended 271 rupees on NSE, up 1.75% from the previous session.
Should you buy/sell/hold Mamaearth stock?
Following the earnings announcement, brokerage firms around the world expressed different views on stocks:
CLSA has accumulated ratings from holdings and raised its target price from Rs 303 to Rs 333.
Goldman Sachs has maintained a neutral stance, increasing its target from Rs 275 to Rs 295.
JPMorgan retained its underweight rating, raising its target from Rs 197 to Rs 235.
Meanwhile, Jefferies has a target price of Rs 400 and is surprisingly profitable. The broker noted that non-seasonal rainfall affected sunscreen sales, causing a 7% increase in revenue, but said the company still made sequential improvements in EBITDA margins, exceeding expectations. It added that new brands continue to grow, while Mamaearth has not recovered.
