Synopsis :

Honasa Consumer shares surged 9% after turning profitable YoY in Q2, driven by strong brand performance and recovery in Mamaearth. Jefferies maintained a “buy” rating with a Rs. 450 target, implying 50% upside potential.

This company provides beauty and personal care products through its digital platform and is now in the focus after its company reported Q2 results with PAT growth from loss to profit YoY and jefferies gave a buy target of 50% upside.

With market capitalization of Rs. 9,650 cr, the shares of Honasa Consumer Ltd are currently trading at Rs. 299.20 per share, increasing 9% in today’s market session making a high of Rs. 308.20, from its previous close of Rs. 282.05 per share.

QoQ performance

On a quarterly basis, revenue from operations fell by 9.5% from R

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