Global brokerage firm Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating and target price of Rs 570, which indicates an upside potential of 26% from the previous day’s closing price of Rs 451 apiece. Following the coverage initiation, shares of Mamaearth also jumped 5% to Rs 472 on BSE. In its … Read more
The domestic market reversed its earlier gains and closed in red on Thursday as the RBI’s decision to hold its current policy with a caution. In today’s trade, shares of Grasim, Info Edge, LIC, Eicher Motors, SAIL among others will be in focus due to first quarter results and various news developments. LIC Life Insurance … Read more
“I think from the way our business is shaping up, the way we are looking at going deeper from a distribution perspective, building a younger brand, we are very confident of delivering plus 20% kind of value growth for the coming year,” says Ramanpreet Sohi, CFO, Honasa Consumer.It has been a good all-round performance for … Read more
Shares of Honasa Consumer, which owns Mamearth, rallied 7% in Friday’s session on BSE to the day’s high of Rs 447.70 after reporting a net profit of Rs 30.4 crore for the quarter ended March 2024 against a loss of Rs 161.7 crore in the last year quarter. Honasa clocked its highest-ever profit during the … Read more
Domestic brokerage Kotak Institutional Equities has initiated coverage on Mamaearth’s parent company, Honasa Consumer with an ‘Add’ recommendation for a target price of Rs 450, an upside potential of 4% from the current levels. The brokerage states that it likes Honasa’s brand seeding/scaling and execution speed. A steady increase in repeat offtakes (conversion of experimentative … Read more
