JEFFERIES ON HONASA CONSUMER ; MAINTAINS BUY | TARGET RAISED TO ₹700 (CMP ₹470.05)

• Delivered strongest growth since listing, with revenue and EBITDA doubling YoY. • Mamaearth grew in high teens, while The Derma Co and newer brands scaled rapidly. • Distribution expansion and product innovation support future growth visibility. • Jefferies raises earnings estimates by 10–16%.

HONASA CONSUMER LIMITED

← Back to feed