H

Honasa Consumer Limited

HONASANSE
Market snapshot · 2026-08-12 12:32 UTC

467.40

+₹0.10 (+0.02%)

MARKET CAP

₹15.24K Cr

STOCK P/E

76.4x

52W HIGH

₹491.35

52W LOW

₹248.40

BOOK VALUE

₹43.46

EPS

₹6.12

ROE

15.45%

SECTOR

Consumer Staples

DEBT/EQUITY

9.59

VOLUME

9.87L

P/B RATIO

10.75x

PEG RATIO

0.43

Sector

Consumer Staples

Themes

FMCG - Personal Products
E
Earnings
₹477.60₹423.56₹369.53₹315.49₹261.45VolumeEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Honasa Consumer is a digital beauty and personal-care company serving India and international markets. Skin and hair care, body and baby care, and color cosmetics drive sales through Mamaearth, The Derma Co., Aqualogica, Ayuga, Staze and Dr. Sheth’s. BBlunt adds salon and hair-styling services, while Momspresso supports content and influencer marketing. Aqualogica’s expansion beyond hydration could broaden its portfolio and support 15.7% revenue growth, though the direct margin impact remains unproven. Profit growth rose 175.1%, but stable margins and 15.4% ROE indicate earnings expansion without operating improvement. Debt-to-equity of 9.59 materially increases financial leverage and amplifies ROE sensitivity. At 76.4x earnings, the stock trades at a premium to its growth rate and appears rich. The key question is whether portfolio expansion can sustain growth while reducing leverage and supporting margin gains.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for HONASA.

15.00 analysts

Price Forecast

Current
₹467.40
High Target
₹600.00
▲ +28.4%
Median Target
₹474.00
▲ +1.4%
Low Target
₹320.00
▼ -31.5%
Now₹467.40High ₹600.00Median ₹474.00Low ₹320.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
15 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹399.34 - ₹592.0780%
6M₹382.91 - ₹668.2980%
12M₹369.27 - ₹811.7080%
Realized vol: +30.7% · Drift: +20.5%

Revenue Forecast

₹ Cr
Mar '26Current₹608.0
Sep 2026 ETrend estimate range
High₹680.8Base₹630.4Low₹580.0
Jun '25: ₹584.0 · Sep '25: ₹527.0 · Dec '25: ₹587.0 · Mar '26: ₹608.0 · Sep '26: ₹630.4 · Dec '26: ₹702.2
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E584.0527.0587.0608.0630.4702.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹1.98
Sep 2026 ETrend estimate range
High₹1.98Base₹1.77Low₹1.56
Jun '25: ₹1.23 · Sep '25: ₹1.18 · Dec '25: ₹1.48 · Mar '26: ₹1.98 · Sep '26: ₹1.77 · Dec '26: ₹2.22
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.231.181.481.981.772.22
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance. Revenue forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
56%
Analyst Consensus
Weakening

From 15 analysts

Mean upside+1.3%

Fundamentals

Strong

Fundamentals institutional score is 72 using EVA spread proxy 3.4%.

Valuation

Premium valuation

Valuation institutional score is 31 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 41 using mean target upside 1.3%; dispersion penalty 23.7; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 78 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 9 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while valuation and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price473.5 target
Mean Upside+1.3%
Technical Score78%
Fundamental Score72%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 40.5% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.31). Confidence: 75%.

Live forward EPS implies next-12-month EPS of ₹9.62. Applying the stock's normalized valuation corridor produces a fair range of ₹434.54 to ₹676.29, with base value near ₹518.42 (+12.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹9.62

Forward P/E

48.1x

Base Fair Value

₹518.42

Fair Range

₹434.54 - ₹676.29

Upside To Base

+12.1%

Estimate Source

Live forward EPS

Growth Estimate

+175.5%

P/E
Strongly Overvalued

5Y Average

57.61

Current

75.70

Overvalued

70.30

Undervalued

45.17

EV/EBITDA
Strongly Overvalued

5Y Average

55.64

Current

73.11

Overvalued

69.68

Undervalued

44.40

P/S
Strongly Overvalued

5Y Average

4.80

Current

6.30

Overvalued

6.01

Undervalued

3.83

Peers & Comparison

Sector: Consumer Staples · Theme: FMCG - Personal Products

FMCG - Personal Products Peers7 peers
Avg P/E: 71.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
P&G HYGIENE & HEALTH CARE
PGHHFMCG - Personal Products
-4.9%18.6%
34.7x
Undervalued
-51% vs avg
-35.5%
EMAMI LIMITED
EMAMILTDFMCG - Personal Products
+14.9%19.1%
23.2x
Undervalued
-67% vs avg
-30.9%
BAJAJ CONSUMER CARE LTD
BAJAJCONFMCG - Personal Products
+28.1%18.1%
32.0x
Undervalued
-55% vs avg
+142.9%
CUPID LIMITED
CUPIDFMCG - Personal Products
+162.5%29.5%
284.2x
Premium
+300% vs avg
+724.4%
DABUR INDIA LTD
DABURFMCG - Personal Products
+10.6%14.6%
37.0x
Undervalued
-48% vs avg
-18.0%
GILLETTE INDIA LTD
GILLETTEFMCG - Personal Products
+10.8%21.0%
46.4x
Undervalued
-35% vs avg
-27.1%
COLGATE PALMOLIVE LTD.
COLPALFMCG - Personal Products
+11.8%21.7%
40.4x
Undervalued
-43% vs avg
-7.5%
WHY THESE PEERS

HONASA CONSUMER LIMITED trades in line with peers (76.4x vs avg 71.1x), reflecting a fair valuation within the Fmcg - Personal Products cohort. Peers include P&G HYGIENE & HEALTH CARE, EMAMI LIMITED, BAJAJ CONSUMER CARE LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹608 CrMar 2026

Latest net profit

₹64 CrMar 2026

Latest EPS

₹1.98Mar 2026

Net margin

11.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%3.0%6.0%9.0%12.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹1₹1₹2₹2
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr200 Cr400 Cr600 Cr800 Cr

Latest reported period: Mar 2026

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +360426460451427544417505523584527587608
Expenses +357395415417398501447483499542483527539
Operating Profit43146342942-30222442446168
OPM %1.1%7%10%8%7%8%-7%4.3%4.6%7%8%10%11%
Other Income +-14611811181919192023201518
Interest1112333333333
Depreciation555687810108998
Profit before tax-1483748373751-21283254516475
Tax %2%25%21%22%27%23%-29%11%23%26%25%25%14%
Net Profit +-1512838292739-15252540384864
EPS in Rs-11.112.032.770.900.821.21-0.460.760.761.231.181.481.98
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters34.99%34.99%34.97%35.54%35.54%
FII15.55%16.09%15.50%14.62%13.74%
DII18.49%18.90%19.15%18.64%19.24%
Public7.08%6.12%6.45%7.02%6.83%
Others23.89%23.90%23.93%24.18%24.65%
Mar 2026
Promoters
FII
DII
Public
Others

Events Timeline

Concall Transcript - FY2027

May 28, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 21, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

May 13, 2026PDFKnowledge Base Open

Concall Transcript - FY2027

Apr 24, 2026PDFKnowledge Base Open

Recording for earnings call Feb 2026

Feb 01, 2026PDFKnowledge Base Open