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%.
Honasa Consumer's shares dropped 5% following a Rs 643 crore block deal, with the stock hitting its lowest point of Rs 445 on the BSE on Tuesday. The transaction involved 1.4 crore shares, reportedly facilitated by Peak XV Partners Investments VI, Sequoia Capital Global Growth Fund III, and Redwood Trust, with Jefferies as the sole bookrunner.
The Economic Times could not independently confirm the identities of the buyers and sellers in the deal. As of the June quarter, promoter entities held 35.47% of Honasa Consumer, while public shareholders owned the remaining 64.53%, with Peak XV and Sequoia each owning significant stakes. Honasa Consumer reported its highest-ever consolidated profit after tax of Rs 90 crore in Q1 FY27, a 116.5% increase year-on-year, and revenue of Rs 756 crore, a 27% YoY growth.
The company aims to achieve a revenue target of Rs 5,500 crore by FY31, with Mamaearth and The Derma Co expected to be the key growth drivers.
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