Honasa Consumer shares fall 5% after Rs 643 crore block deal; Peak XV, Sequoia likely sellers
Honasa Consumer shares declined up to 5% after 1.4 crore shares worth Rs 643 crore changed hands in a block deal. The transaction comes after the Mamaearth parent reported a 116.5% YoY rise in Q1 FY27 profit to Rs 90 crore. The company has set a Rs 5,500-crore revenue target by FY31, aiming to expand EBITDA margins to 15%.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
