Honasa Consumer shares: 54% up in 6 months; target price ₹550 as Mamaearth stock gets BUY rating from HDFC Securities
AI Summary
Honasa Consumer's sustained growth and strategic expansion into offline channels position it favorably in the competitive personal care market. With a strong focus on emerging brands and a clear strategy to enhance its retail presence, investors may find potential in Honasa, especially as it aims for significant revenue growth in the coming quarters. This trend contrasts with traditional FMCG players, suggesting that Honasa's innovative approach could yield substantial returns for investors looking for growth in the sector.
Domestic brokerage firm HDFC Securities, in its latest report, has maintained its ‘Buy’ rating on Honasa Consumer, the parent company of Mamaearth, with a target price of ₹550.
The brokerage highlighted the company’s efforts to sustain strong growth across both Mamaearth and The Derma Co., with annual recurring revenue (ARR) for both brands now above ₹10 billion, despite operating in a competitive landscape.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 08 October 2026.
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