India's Honasa Consumer rises after Q3 earnings

Honasa Consumer

13/02/2025 04:50

** Shares of Honasa Consumer  HONA.NS  rise as much as 8.6%
to 222.28 rupees 
    ** Mamaearth's parent reported 0.5% rise in Q3 consol net
profit to 260.2 million rupees, rev grew 6% to 5.18 billion
rupees
    ** Q3 EBITDA margin at 5% vs 7.1% a year earlier
    ** Rev was in-line with slight EBITDA beat; Mamaearth brand
declined, while younger brands grew over 30% - Jefferies
    ** Brokerage Emkay expects Q4 sales growth in high single
digit, sees EBITDA pressured by higher advertising, promotion 
    ** More than 3 million shares traded as of 10:13 a.m. IST,
3.8x 30-day moving avg
    ** Mean rating of stock is 'hold'; median PT is 374 rupees -
data compiled by LSEG 
    ** HONA down 19.8% YTD

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))