India's Honasa jumps on strong growth outlook; brokers hike target price

Honasa Consumer

22/05/2026 06:34

** Honasa Consumer HONA.NS shares jump as much as 10.4% to 398 rupees, their highest level since Nov 2024

** Personal care co forecast high-teens revenue growth with 100-bp annual EBITDA expansion

** EBITDA margin rose to 9.7% in FY26 vs 3.3% in FY25

** HONA's younger brands like Derma Co, Aqualogica and Dr. Sheth's rev expanded 40% y/y in fiscal 2026

** Jefferies ("Buy", hikes PT to 565 from 500 rupees) says Honasa is firmly on strong growth path

** Citi ("Sell", hikes PT to 320 from 285 rupees) will watch out for the pace of margin expansion, with need for reinvestment

** 12 analysts rate stock "hold" on avg; median PT 385 rupees - LSEG-compiled data

** YTD, HONA up about 37%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))