Honasa Consumer surges over 8% after Q1 earnings beat and brokerage upgrades
Shares of Honasa Consumer Ltd., the parent company of Mamaearth, surged 8.15% to ₹291.25 on Wednesday, August 13, following the announcement of its June quarter (Q1 FY26) results after market hours on Tuesday. This marks the second consecutive session of gains for the stock.
The company posted a net profit of ₹41 crore for Q1 FY26, up 2.7% year-on-year, while revenue grew 7% YoY to ₹595 crore. EBITDA slipped 1% YoY to ₹46 crore, with margins holding at 7.7%.
Hong Kong-based brokerage CLSA upgraded Honasa to 'Outperform' and raised its price target to ₹333, noting Q1 revenue growth of 7.4% YoY in line with expectations, alongside underlying volume growth of 10.5% YoY. CLSA highlighted a sequential EBITDA margin expansion of 264 bps to 7.7%, delivering a 47% beat versus its estimates and a 44% beat on consensus expectations.
Management guided for an EBITDA margin of around 7% in FY26, with 100-150 bps expansion annually over the next 4–5 years. CLSA also raised its FY26–FY28 earnings estimates by 15–26%.
Jefferies maintained a 'Buy' rating with a price target of ₹400, citing positive margin surprises. The brokerage acknowledged that unseasonal rains impacted sunscreen sales but noted that sequential EBITDA margin improvement and outperformance versus expectations were key positives. Jefferies added that while new brands are scaling slowly, Mamaearth remains the primary growth driver.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Do Wall Street Analysts Like Valero Energy Stock?
With a market cap of $41.4 billion, Valero Energy Corporation (VLO) is the largest independent refiner and marketer of petroleum products in the United States, operating in multiple countries. It operates through three segments - Refining, Renewable Diesel, and Ethanol, producing and marketing a wide range of petroleum-based and low-carbon fuels under brands such as Valero, Beacon, Diamond Shamrock, Ultramar, and Texaco. Shares of the San Antonio, Texas-based company have underperformed the broader market over the past 52 weeks. VLO stock has declined 9.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.8%. Moreover, shares of the company are up 8.7% on a YTD basis, compared to SPX's 9.8% gain. More News from Barchart Warren Buffett Warns Investing At 'Too-High Purchase Price' Even for 'an Excellent Company' Can Undo a Decade of Smart Investing BitMine Immersion Now Holds 1.15 Million Ethereum Tokens. Should You Buy BMNR Stock Here? Why Archer Aviation's (ACHR) Post-Earnings Tailspin Looks Like a Favorably Mispriced Opportunity Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Looking closer, shares of Valero Energy have also lagged behind the Energy Select Sector SPDR Fund's (XLE) 5.1% dip over the past 52 weeks. Despite beating Wall Street's Q2 2025 estimates with EPS of $2.28 and revenue of $29.9 billion, shares of VLO fell 4.9% on Jul. 24. The renewable diesel segment posted a $79 million operating loss, a sharp drop from a $112 million profit last year. Additionally, investor sentiment was pressured by news of the planned April 2026 closure of the Benicia refinery, which would remove about 5% of Valero's total refining capacity and 9% of California's crude oil capacity. For the fiscal year ending in December 2025, analysts expect VLO's EPS to drop 16.6% year-over-year to $7.07. The company's earnings surprise history is mixed. It met the consensus estimates in three of the last four quarters while missing on another occasion. Among the 19 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 12 'Strong Buy' ratings, one 'Moderate Buy,' and six 'Holds.' This configuration is less bullish than three months ago, with 15 'Strong Buy' ratings on the stock. On Jul. 16, Morgan Stanley increased its price target for Valero to $160 and maintained its 'Overweight" rating on the stock. As of writing, the stock is trading below the mean price target of $158.06. The Street-high price target of $186 implies a potential upside of 38.8%. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a minute ago
- Yahoo
$840 Million Blaze Wealth Management Affiliates with Osaic
Minneapolis-based Blaze Credit Union reaffirms commitment to personalized service, technology and advisor support following merger of Spire and Hiway Credit Unions SCOTTSDALE, Ariz., August 13, 2025--(BUSINESS WIRE)--Osaic, Inc. ("Osaic"), one of the nation's largest providers of wealth management solutions, today announced that Blaze Credit Union ("Blaze") has joined its Osaic Institutions channel, further expanding Osaic's presence in the financial institution market. Blaze was formed in 2024 through the merger of Spire Credit Union, which had an existing relationship with Osaic, and Hiway Credit Union. The combined entity has subsequently chosen to partner with Osaic. With roots dating back to the 1920s, Blaze brings together two long-serving Minnesota credit unions to better serve their growing membership. Blaze aims to enhance members' financial well-being through personalized service, competitive solutions and a strong commitment to local communities. Focused on financial empowerment and giving back, Blaze strives to be a trusted partner through every stage of life, and with 28 branch locations serving nearly 250,000 members, Blaze is one of Minnesota's largest credit unions. "Blaze was founded to serve our members with compassion, integrity and a commitment to their financial well-being," said Jim Ganger, senior vice president and chief experience officer at Blaze Credit Union. "As such, we wanted a partner who truly values personal service and meaningful, lasting relationships. We believe that Osaic's strong technology, service commitment and advisor-first culture make them the right long-term choice for our team and the members we are privileged to serve." Blaze Retirement and Investment Services has eight advisors who deliver personalized, comprehensive financial guidance with support from Osaic's robust infrastructure. Blaze Wealth Management selected Osaic based on the firm's commitment to personalized service, advisor-focused technology and supportive, inclusive culture. "Spire Credit Union and its wealth management team have been valued partners of Osaic for many years," said Stephen Amarante, executive vice president of Osaic Institutions. "We're pleased to continue this partnership with the newly formed Blaze Credit Union, supporting their commitment to empowering members with thoughtful, personalized wealth management and retirement planning built on trust and collaboration." Osaic Institutions specializes in serving the financial institution market, with a deep understanding of the operational, cultural and regulatory complexities that define the space. By thoughtfully aligning with each institution's unique structure and objectives, Osaic builds high-touch partnerships that enable program managers, financial professionals and licensed branch employees to focus more on client relationships and business growth. Firms or individuals looking for more information on Osaic Institutions should visit About Osaic Institutions: Osaic Institutions, Inc., a subsidiary of Osaic Holdings, Inc., is focused on the institution channel. Osaic Institutions' mission is to support the strategic role that bank and credit union investment programs can play in the lives of their clients and members. Cultivating a spirit of community and partnership, Osaic Institutions champions the enduring value of financial institutions, investment programs and financial professionals. For more information, visit About Osaic: Osaic, Inc. ("Osaic"), a portfolio company of Reverence Capital Partners, is one of the nation's largest providers of wealth management solutions, supporting approximately 11,000 financial professionals. Osaic's mission is to empower entrepreneurial advisors to build thriving businesses and fulfill their clients' dreams. Visit to learn more. Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser. View source version on Contacts MEDIA CONTACT: Osaic@ Tommy Warburton347-400-3483Tommy@ Hannah Dixon317-590-0915Hannah@
Eater
2 minutes ago
- Eater
Daily Provisions Makes Its D.C. Debut With All-Day Fare
is an Editorial Associate at Eater and a proud Washingtonian. She fell in love with food while growing up in Los Angeles, eating plenty of street tacos and Sichuan dishes. Daily Provisions, the cafe chain from NYC-based Union Square Hospitality Group, is making its D.C. debut this month. The fast-casual location will open in Dupont Circle's former Foxtrot storefront on Monday, August 18, at 9 a.m. (1601 Connecticut Ave NW). Going forward, Daily Provisions will serve straightforward, counter-service meals spanning breakfast, lunch, and dinner from 7 a.m. to 9 p.m. This newest outpost, the eleventh location so far, will sling a special egg and cheese breakfast sandwich that swaps out bacon for a half-smoke patty (made by MeatCrafters in Landover, Maryland) and crispy potatoes. The newer fast-casual chain from Danny Meyer — the billionaire restaurateur behind Shake Shack and high-end NYC restaurants like Eleven Madison Park — has a simple premise. He built the first small outpost next to his beloved Union Square Cafe to fulfill what he calls 'the three Bs': beans (as in coffee), bread, and bird, referring to simple chicken dishes and where to get your eggs in the morning. The breakfast menu is simple, but full of high quality ingredients. Daily Provisions The crullers have developed a dedicated NYC fanbase. Daily Provisions Living barely 50 yards from his own restaurant, Meyer struggled to find a good cappuccino and a simple rotisserie chicken for a quick dinner at home after a long day. That's when he realized that the neighborhood needed an easily accessible carry-out place with quality all-day food and drinks that wouldn't break the bank. Serendipitously, he already had the perfect space. Union Square Cafe had recently moved locations (due to a huge rent hike), and the new space came with a second, smaller restaurant next door, which had slowly become an additional kitchen to help feed the crowds dining at the full-service restaurant. Left with what Meyer calls 'a small box' on the more residential side of Park Avenue South, he dreamed up somewhere to pick up a bacon, egg, and cheese and coffee in the morning; a sandwich or salad for lunch; and a whole rotisserie chicken with vegetable sides for dinner. While Shake Shack sells hardy burgers, hot dogs, and milkshakes that evoke the nostalgia of diners, Daily Provisions would supply simple, delicious food that you could eat for every meal, every day, either at the few indoor tables or taken out. 'Shake Shack is a treat,' Meyer explains. 'Even the most ardent Shake Shack fan is probably not going to have a milkshake every day, maybe not even once a week … that level of frequency is a really important distinction.' This was before 'the delivery revolution,' as Meyers calls it, and when the pandemic hit Daily Provisions' business exploded, while all of his other restaurants were struggling or temporarily closed. Meyer had waited four years to open his second Upper West Side location of Daily Provisions in late 2019, and went on to open multiple locations across New York City after 2020. A half-smoke breakfast sandwich, cruller, and coffee. Daily Provisions With seven locations in the city, this year Meyer turned to the rest of the East Coast, opening a Daily Provisions in Jersey City, Boston's Harvard Square (plus a slated Seaport expansion), and the Dupont Circle corner spot that he chose specifically because it's on 'the more residential' northern side of the circle — unlike the Shake Shack sitting in the bustling business district a few blocks south. The food is still simple at the D.C. outpost. Breakfast includes famous crullers covered in cinnamon sugar, maple, or glaze (called the best doughnut in NYC by the Infatuation); egg and cheese sandwiches under $10 (unless you want the fillings between maple crullers); everything-seasoned croissants stuffed with cream cheese; yogurt and granola; and avocado toast. Coffee ranges from espresso to drip to cold brew, plus matcha or chai lattes. Lunch and dinner highlights include a 'cheffy' salad with white beans, Gruyere cheese, and a jammy egg; a breaded chicken sandwich filled with melted mozzarella, roasted peppers, and Caesar dressing; and even a heavier patty melt with caramelized onions on rye bread. The half or full roasted chickens rule the menu of mains, with optional sides like Brussels sprouts with chile honey, crispy Parmesan potatoes, and a green bean and tomato salad. Classic wines are on the drinks menu, along with a beer list filled with local D.C. breweries, like Honor Brewing, Crooked Run Fermentation, and Aslin Beer Company. The only cocktail on the menu? An espresso martini, of course. Sides range from crispy potatoes to seasonal vegetable salads. Daily Provisions You can carry out the fluffy bread the sandwiches are served on. Daily Provisions Simple salads filled with chicken or kale and sandwiches with tuna or chicken salad. Daily Provisions It's not all about the food (or even the reliable coffee) for Meyer, however. He has always put incredible service at the forefront of his hospitality ventures. Whether his staff is serving a $365 tasting menu or a $7 breakfast sandwich, his employees 'have to be someone who is happier when you're making someone else feel better,' he says. It's hard to hire for that level of hospitality, he explains. While he'd love to see more Daily Provision locations in the DMV in the future, Meyer referenced winning a tennis championship when he talked about possible expansion, saying, 'I better win the first round or I'm out … especially playing on someone else's court.' When Daily Provisions opens on August 18, the first 100 diners in line for coffee and breakfast sandwiches will receive a free cruller.
