Honasa Consumer shares surged up to 9 percent on Thursday after the company swung back to profit in the July–September quarter. The stock opened 6.36 percent higher and touched an intraday peak of Rs 308.20 on the NSE before easing to around Rs 295 by 10:15 am.
The parent company of brands like Mamaearth and The Derma Co reported a consolidated net profit of Rs 39.22 crore for Q2 FY25, compared with a loss of Rs 18.57 crore in the same period last year. Revenue from operations rose 16.5 percent to Rs 538.06 crore from Rs 461.82 crore a year earlier, while total income climbed to Rs 558.20 crore. Total expenses were slightly lower at Rs 505.45 crore.
Chairman and CEO Varun Alagh said the company’s focus categories contributed over 75 percent of revenue, driven by stronger distribution and brand engagement. Jefferies maintained a ‘Buy’ rating with a Rs 450 target, citing improving momentum and margins. HSBC, however, kept a ‘Reduce’ call with a Rs 264 target, noting steady growth but limited profit upgrades.
