ICICI Securities Sees 45% Upside in Honasa, Reiterates High-Conviction Buy at Rs 600 Target
ICICI Securities reiterated Honasa Consumer as a high-conviction top pick with a Rs 600 target, implying 45% upside. The brokerage cites digital-to-offline evolution, AI-led execution, and a medium-term Rs 5,500 crore revenue target at 15%+ Ebitda margin in India's beauty and personal care market.
ICICI Securities reiterated a high-conviction Buy on Honasa Consumer with a Rs 600 target (45% upside), citing digital-to-offline evolution, AI-led execution, Rs 5,500 crore revenue target at 15%+ Ebitda margin in India's BPC market.