Latest news with #HonasaConsumer
Time of India
26-05-2025
- Business
- Time of India
Buy Honasa Consumer, target price Rs 400: ICICI Securities
ICICI Securities has a Buy call on Honasa Consumer with a target price of Rs 400. The current market price of Honasa Consumer is Rs 330.2. Honasa Consumer, incorporated in 2016, is a Small Cap company with a market cap of Rs 10706.67 crore, operating in the FMCG sector. Honasa Consumer's key products/revenue segments include Personal Care for the year ending 31-Mar-2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like People in Bihar Are Finding Amazing Rental Deals Apartments for rent | Search Ads Learn More Undo Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 554.34 crore, up 3.28% from last quarter Total Income of Rs 536.72 crore and up 13.10% from last year same quarter Total Income of Rs 490.14 crore. The company has reported net profit after tax of Rs 24.98 crore in the latest quarter. The company's top management includes Alagh, Alagh, Gambhir, Somasundaram, Gupta, Mittal. Company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2025, the company has a total of 33 crore shares outstanding. Live Events Investment Rationale ICICI Securities has cut its EPS estimates of Honasa Consumer for FY26 by 13% due to delay in margin recovery while broadly maintain our FY27 estimates. They expect in revenue/ EBITDA/PAT CAGRs of 16/96/85 (%) over FY25?27E. The brokerage maintains a BUY with a DCF-based target price of Rs 400. At our target price, the stock will trade at 53x FY27E EPS. Key risks: 1) heightened competition, 2) execution miss, 3) low success in scale-up of new brands and 3) continued slowdown in Mamaearth . With pilots showing traction post-Feb rollout, FY26 will be critical to prove execution depth and margin reset potential. I-Sec stays believers and maintains a BUY rating. Promoter/FII Holdings Promoters held 34.99 per cent stake in the company as of 31-Mar-2025, while FIIs owned 15.54 per cent, DIIs 18.49 per cent.
New Indian Express
23-05-2025
- Business
- New Indian Express
Indian markets rise nearly 1% on IT, FMCG gains; week ends on a positive note
CHENNAI: India's benchmark indices, the Sensex and Nifty, experienced a significant rally on Friday, driven by strong performances in IT and FMCG sectors. The Sensex settled at 81,721.63, up 769.09 points or 0.95 per cent, while the Nifty50 closed at 24,853.15, gaining 243.45 points or 0.99 per cent. Sectoral Highlights: Leading the rally on Friday were stocks from the IT and FMCG sectors. ITC, Tech Mahindra, Infosys, and HCL Tech saw notable gains. The Nifty Pharma index declined by 0.5%, with Sun Pharma being the only laggard, dropping 3.3% due to expectations of lower earnings and softer revenue guidance. Midcap and Smallcap Indices closed in the green, indicating positive investor sentiment across various market segments. Individual Stock Movements: Honasa Consumer: Shares of Honasa Consumer jumped 12%, driven by increased revenue estimates and improved outlook for their new brands. Outlook: The market's positive performance reflects strong investor confidence, particularly in the IT and FMCG sectors. However, investors should remain cautious and monitor global economic developments and domestic earnings reports for potential impacts on market trends.
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Business Standard
23-05-2025
- Business
- Business Standard
Honasa Consumer targets double-digit revenue growth, eyes Mamaearth revival
India's Honasa Consumer, which owns beauty brands including BBlunt, is deepening its push into neighbourhood stores to drive double-digit revenue growth this fiscal, while also looking to revive its flagship Mamaearth brand, a top executive told Reuters. The company, which currently serves more than 100,000 stores directly, plans to expand to another 50,000 stores in the current financial year that started on April 1, CEO and Co-founder Varun Alagh said late on Thursday. Alagh expects brick-and-mortar growth, combined with growth in newer skincare brands Aqualogica and Dr. Sheth's, and a turnaround of Mamaearth, to drive revenue growth in the double-digit percentage range. Honasa, which began as a direct-to-consumer baby care products startup in 2016, also owns beauty brands including Derma Co. Analysts expect Honasa's revenue to jump 15% year-on-year to 23.71 billion rupees ($276.1 million) this fiscal, according to data compiled by LSEG. However, Alagh declined to say whether the company would exceed the forecast. Honasa's forecast comes months after it came under fire for allegedly dumping excessive stock on Indian distributors without considering demand, a claim that the company has denied. Alagh also declined to say when Mamaearth would return to growth, though he noted that Honasa would double down on its "focus categories" including face wash, shampoo, moisturizers, and sunscreen to revive the brand. Honasa said last year that Mamaearth's growth had lagged its own expectations for the last few quarters due to shifting consumer preferences, with the company noting that it needed to refresh its products, price and marketing. Honasa's revenue rose 8% to 20.67 billion rupees for the financial year ended March 31, but this trailed a 13% growth in volumes as a larger share of sales came through third-party stores that bring in less money per product. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
23-05-2025
- Business
- Time of India
Honasa Consumer shares skyrocket 12% on reporting 13% YoY revenue growth in Q4
Shares of Honasa Consumer , the parent company of Mamaearth , shot up 12% in Friday's early trade to their day's high of Rs 308.60 on the BSE after the revenue from operations rose 13% year-on-year (YoY) to Rs 534 crore from Rs 471 crore in the corresponding quarter of the previous financial year. However, the company reported an 18% YoY decline in consolidated net profit to Rs 25 crore in Q4FY25, compared to Rs 30 crore in the same period last year. As part of Project 'Neev', the holding company transitioned to a direct distribution model in the top 50 cities during the quarter ended September 30, 2024. This involved eliminating the super stockist layer and replacing certain distributors with Tier 1 distributors to better service retailers. Due to this shift, the company recorded a sales return provision of Rs 63.51 crore and recognised inventory/right-to-return assets worth Rs 11.44 crore in that quarter. By March 31, 2025, the outstanding sales return provision had reduced to Rs 5.20 crore with no corresponding inventory/right-to-return assets, down from Rs 8.95 crore and Rs 1.09 crore respectively, as of December 31, 2024, a company filing said. The company said that its business continues to grow efficiently, with EBITDA standing at 5.1% in Q4 FY25, reflecting stronger operational performance. Gross profit margin improved to 70.7% in Q4 FY25, up 76 bps YoY, driven by an improved product mix and operational efficiencies. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company claimed that Mamaearth's strategy shift shows green shoots with double-digit YoY growth in key categories across e-commerce and modern trade in Q4 FY25. Honasa Consumer expanded retail distribution by 26% YoY to 2.36 lakh outlets while younger brands continued their growth momentum with 30%+ YoY growth in FY25. The Derma Co. hit Rs 100 crore ARR in offline channels. The direct distribution-led strategy is strengthening reach, with over 1 lakh unique outlets billed in FY25 and direct distributor contribution surging from 38% in FY24 to 71% in Q4 FY25. Also read: Q4 results today: JSW Steel among 200 companies to announce earnings on Friday Management commentary "As we scale, our vision remains clear—building Honasa into a future-ready house of brands through disruptive innovation, deeper offline penetration, and consumer-centric offerings. We're not just creating brands that lead today, but shaping the future of India's beauty and personal care landscape,' said Varun Alagh, Chairman and CEO & Co-founder of Honasa Consumer. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
23-05-2025
- Business
- Business Standard
Honasa Consumer shares fly 14% on Q4 results; check details here
Honasa Consumer share price: Honasa Consumer shares were in demand on the last trading day of week i.e. Friday, May 23, 2025, with the scrip surging up to 14.06 per cent to hit an intraday high of ₹314.20 per share. At 10:01 AM, Honasa Consumer share price was trading 12.29 per cent higher at ₹309.30 per share. In comparison, BSE Sensex was trading 0.66 per cent higher at 81,483.49 level. Catch Stock Market Latest Updates Today LIVE What sparked the rally in Honasa Consumer share price? Honasa Consumer share price rose on the back of healthy March quarter of financial year (Q4FY25) results. The company reported a revenue of ₹534 crore, reflecting a 13.3 per cent year-on-year (Y-o-Y) growth—outpacing the broader FMCG market. The robust top-line performance was supported by solid execution and a continued focus on growth across channels, Honasa Consumer said in a statement. Profitability also improved during the quarter, with a profit after tax (PAT) of ₹25 crore and an Ebitda margin of 5.1 per cent. Additionally, the gross profit margin rose to 70.7 per cent, up by 76 basis points Y-o-Y. These gains were attributed to a favourable product mix and operational efficiencies, showcasing the company's ability to scale profitably. Mamaearth, one of Honasa's flagship brands, demonstrated the early success of its strategic shift. It achieved double-digit growth across key categories in e-commerce and modern trade channels. This growth was fueled by a focus on building category leadership, optimising media investment, and increasing brand awareness. According to NielsenIQ, Mamaearth also gained market share, entered the Top 5 in the face wash category, and expanded its retail footprint by 26 per cent Y-o-Y to 2.36 lakh outlets. Honasa's newer brands continued to perform strongly, registering over 30 per cent Y-o-Y growth in FY25. Among them, The Derma Co. reached a major milestone, hitting a ₹100 crore annualised run rate in offline channels, while maintaining leadership on major online platforms. The company's distribution network also saw major improvements. Honasa adopted a direct distribution-led approach, which helped bill over 1 lakh unique outlets in FY25. The contribution of direct distributors surged from 38 per cent in FY24 to 71 per cent in Q4FY25. This strategic shift not only enhanced reach but also improved overall operational efficiency, contributing further to the market's positive response. 'As we scale, our vision remains clear—building Honasa into a future-ready house of brands through disruptive innovation, deeper offline penetration, and consumer-centric offerings. We're not just creating brands that lead today, but shaping the future of India's beauty and personal care landscape.' said Varun Alagh, chairman and CEO & co-founder, Honasa Consumer. ALSO READ | About Honasa Consumer Honasa Consumer Limited (HCL), formerly known as Honasa Consumer Private Limited, is a digital-first beauty and psonal care company that operates under a "house of brands" model. The company has built a strong reputation for offering products rooted in natural ingredients and safe formulations, catering to the evolving needs of health-conscious consumers. With a strategic focus on sustainability and wellness, HCL delivers a wide range of offerings across skincare, haircare, and personal care categories. A core strength of HCL lies in its digital-first approach. Leveraging technology and data-driven insights, the company stressed upon a direct-to-consumer (D2C) strategy to engage with customers more effectively. Its brand portfolio includes well-known names such as Mamaearth (baby and personal care), The Derma Co. (skincare), Aqualogica, Dr. Sheth's, BBlunt, and Staze Beauty.
