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Mamaearth-parent Honasa shares jump 5% post-Q2 results; Jefferies sees 45% upside, Citi says 'Sell'

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Mamaearth-parent Honasa shares jump 5% post-Q2 results; Jefferies sees 45% upside, Citi says 'Sell'
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Market & Financial Impact: Jefferies indicated that it was raising its earnings estimates by 10-16 percent following the strong quarterly performance.
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Shares of Mamaearth parent Honasa Consumer nearly 5 percent to their day’s high of Rs 494.25 on the NSE on Monday, November 9, after the company reported a strong set of earnings for the second quarter of the financial year 2025-26.

Honasa Consumer had posted its Q2 results during market hours on Friday, after which its shares had closed at Rs 469.70 on NSE, down 3.45 percent.

Honasa Consumer’s shares opened at Rs 484.50 and rallied 4.9 percent to hit an intra-day high of Rs 494.25. At around 11.31 am, the stock was trading 2.46 percent higher at 519.90.

Honasa Consumer reported an 86.72 percent year-on-year (YoY) rise in consolidated net profit to Rs 73.24 crore for the September quarter of FY27 on Friday, November 6, helped by growth in its focus categories. It has reported a profit of Rs 39.2 crore in the July-September period a year ago. However, profit declined 19 percent sequentially from Rs 90.45 crore in the April-June quarter.

Honasa Consumer's revenue from operations rose 35.9 percent to Rs 731.18 crore in Q2 FY27. It was at Rs 538.06 crore in the corresponding quarter a year ago. On QoQ, revenue declined 3.3 percent from Rs 755.95 crore in the preceding quarter.

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Official Publisher Attribution: This report is aggregated from Moneycontrol. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Moneycontrol ↗
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