Brokerages see up to 38% upside in Honasa Consumer after Q4FY26 beat
Mamaearth-parent Honasa Consumer drew bullish calls from Jefferies, SBI, Emkay and others post Q4FY26: revenue Rs 657 cr (+23.2% YoY), Ebitda margin +666 bps to 11.7%, net profit Rs 69.4 cr (+178%), 30% UVG and a maiden Rs 3/share dividend. Targets range Rs 420–565 vs Rs 13,500 cr mcap; stock already +50% YTD.
Brokerages flag up to 38% upside on Honasa Consumer after strong Q4FY26 — revenue +23%, Ebitda margin +666 bps, maiden dividend. Jefferies, SBI, Emkay back compounding story driven by Mamaearth revival, younger brands growth and offline expansion.