Honasa Client Share Value: Honasa Client, the dad or mum firm of FMCG manufacturers corresponding to Mamaearth and The Derma Co, on Tuesday (August 13), reported a 2.64 per cent year-on-year improve in consolidated web revenue to Rs 41.32 crore for the June quarter of FY26. The corporate had posted a revenue after tax of Rs 40.25 crore in the identical interval final yr.
Whereas income from operations grew 7.4 per cent to Rs 595.25 crore in contrast with Rs 554.05 crore in Q1 FY25.
Gross revenue margin improved by 48 foundation factors to 71.2 per cent in the course of the quarter. Complete bills rose 8.3 per cent year-on-year to Rs 563.55 crore, whereas complete revenue was up 8 per cent at Rs 619.14 crore.
On Tuesday, Honasa Client’s shares closed at Rs 271 apiece on the NSE, up 1.75 per cent from the earlier session.
Must you purchase/promote/maintain Mamaearth inventory?
Following the earnings announcement, world brokerages gave blended views on the inventory:
CLSA upgraded the ranking to build up from maintain and raised the goal worth to Rs 333 from Rs 303.
Goldman Sachs maintained a impartial stance, rising its goal to Rs 295 from Rs 275.
JPMorgan retained an underweight ranking, lifting its goal to Rs 235 from Rs 197.
In the meantime, Jefferies has maintained a ‘purchase’ ranking with a goal worth of Rs 400, citing a optimistic shock on margins. The brokerage famous that unseasonal rains impacted sunscreen gross sales, contributing to modest 7 per cent income development, however mentioned the corporate nonetheless delivered a sequential enchancment in EBITDA margin, beating expectations. It added that new manufacturers continued to develop strongly, whereas Mamaearth is but to recuperate.
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(Disclaimer: The views/solutions/suggestions expressed right here on this article are solely by funding consultants. Zee Enterprise suggests its readers seek the advice of their funding advisers earlier than making any monetary determination.)
