India's Honasa Consumer gains as brokerages note optimistic outlook
BUZZ-India's Honasa Consumer gains as brokerages note optimistic outlook
** Shares of beauty and personal care products maker Honasa Consumer HONA.NS rise as much as 5.7% to 438.35 rupees, last up 1.4%
** CLSA raises PT to 462 rupees from 434 rupees, maintains 'outperform' rating
** Says HONA said it expects FY31 sales to be over 55 bln rupees ($575.4 mln), with over 15% EBITDA margin
** HONA's FY26 revenue was 23.92 bln rupees, EBITDA margin was 9.3%
** "Five-year targets imply industry-leading growth in both revenues and EBITDA" - Jefferies
** Co's said aim likely to be achieved via improved innovation accuracy, product superiority, personalised and user-generated content-led communication, leveraging AI - Emkay Research
** Antique Stock Broking says co sees large headroom for growth with several subcategories to enter within industry
** YTD, HONA up about 47% vs 7.2% fall in Nifty 500 index .NIFTY500
($1 = 95.5850 Indian rupees)
(Reporting by Vijay Malkar)
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