13 Nov 2025, 07:23 IST
Honasa Consumer Limited
JM Financial Institutional Securities Limited · BUY (upgraded from ADD) · target INR 330 (earlier INR 325)
The note says consolidated 2QFY26 revenue rose 16.5% YoY to INR 5.4bn (LFL 22.5%, UVG 16.7%) with EBITDA margin at 8.9% and PAT of INR 392mn ahead of its estimate, and that it raises FY26-28E earnings by 2-5% and upgrades the stock to BUY with a DCF-based target of INR 330 on improving outlook and recent price correction.
From Honasa 2QFY26 Result 13Nov25, written by JM Financial Institutional Securities Limited and hosted by Investment Guru India. Orivam summarised it; the view is JM Financial Institutional Securities Limited's, not Orivam's.
Open the original PDF on Investment Guru India →Research PDFs are often removed by the firms that publish them. The summary above is kept so this page still means something if that happens.