Honasa Consumer shares jump 4% after record Q1; Jefferies, Emkay forecast strong upside
Honasa Consumer’s shares rose after Q1FY27 PAT surged 116.5% YoY to a record ₹90 crore, while revenue grew 27% to ₹756 crore and EBITDA jumped 141% to ₹110 crore.
Honasa Consumer's shares soared 4% to Rs 501 on the BSE following a record Q1, with consolidated profit after tax surging to Rs 90 crore, a 116.5% year-on-year increase. Revenue climbed to Rs 756 crore, a 27% YoY rise from Rs 595 crore in Q1FY26. EBITDA soared 140.7% YoY to Rs 110 crore, with margin expanding to 14.6% from 7.7% last year.
Jefferies keeps its Buy rating, targeting Rs 650, implying a 39% upside, praising the company's consistent earnings. Emkay upgrades its target price by 10% to Rs 550, citing 50x Jun-28E EPS growth. The company plans further investments, despite higher oil and packaging costs, and expects margins to expand by 150-200 bps.
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