Honasa's Record Q4 Splits the Street: Jefferies Hikes TP to Rs 565, Citi Stays Sell at Rs 320
Mamaearth parent posted Q4 revenue of Rs 657 cr (+23% YoY) with EBITDA nearly tripling to Rs 77 cr and margin expanding to a record 11.7% from 5.1%. Net profit jumped to Rs 69 cr vs Rs 25 cr, with focus categories growing over 35%. Jefferies raised TP to Rs 565 (Buy); Citi lifted TP to Rs 320 but retains Sell, flagging sustainability of the margin print.
Honasa Q4 revenue Rs 657 cr (+23%), EBITDA tripled to Rs 77 cr at 11.7% margin. Jefferies hikes TP to Rs 565; Citi stays Sell at Rs 320.
NDTV Profit · 5/22/2026, 3:07:37 AM · Ask about this →