Honasa Consumer Limited (IN:HONASA)
:HONASA
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Honasa Consumer Limited
(HONASA)
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Rating:54Neutral
Price Target:
₹348.00
▲(15.98% Upside)
Action:Reiterated
Date:11/01/25
Honasa Consumer Limited's overall stock score is primarily influenced by its financial performance, which shows recovery and growth. However, technical indicators suggest potential short-term weakness, and the high P/E ratio raises concerns about overvaluation. The lack of earnings call data and corporate events means these factors do not influence the score.
Positive Factors
Omnichannel, D2C-led Model
Honasa's omnichannel model—direct-to-consumer sites plus marketplaces and offline retail—diversifies revenue and preserves higher unit margins via D2C sales. Ownership of customer channels provides first-party data, enabling repeat purchase economics and durable scalability of marketing spend.
Negative Factors
Historic Profitability Volatility
The company's history of material margin swings and prior losses undermines earnings predictability and retained capital build-up. That volatility raises the risk that near-term setbacks could reverse profitability, complicating long-term planning for reinvestment and consistent shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Omnichannel, D2C-led Model
Honasa's omnichannel model—direct-to-consumer sites plus marketplaces and offline retail—diversifies revenue and preserves higher unit margins via D2C sales. Ownership of customer channels provides first-party data, enabling repeat purchase economics and durable scalability of marketing spend.
Read all positive factors
Honasa Consumer Limited (HONASA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹116.17B
Dividend YieldN/A
Average Volume (3M)27.51K
Price to Earnings (P/E)46.5
Beta (1Y)0.56
Revenue Growth13.17%
EPS Growth98.58%
CountryIN
Employees842
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)4.05
Shares Outstanding325,369,780
10 Day Avg. Volume14,508
30 Day Avg. Volume27,511
Financial Highlights & Ratios
PEG Ratio-2.82
Price to Book (P/B)6.48
Price to Sales (P/S)3.70
P/FCF Ratio89.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹275.00Price Target Upside-8.35% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)6.84
Revenue Forecast (FY)₹27.09B
Honasa Consumer Limited Business Overview & Revenue Model
Company Description
Honasa Consumer Limited operates as a digital-first beauty and personal care company in India. The company offers baby care, face care, body care, hair care, color cosmetics, and fragrance products under the Mamaearth, The Derma Co., Aqualogica, A...
How the Company Makes Money
Honasa makes money primarily by selling consumer products under its portfolio of owned brands through multiple sales channels. Revenue is generated from (1) direct-to-consumer (D2C) sales via its brand websites and apps, where Honasa fulfills orde...
Honasa Consumer Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.84B | 20.67B | 19.20B | 14.93B | 9.43B | 4.60B |
| Gross Profit | 15.43B | 14.54B | 13.39B | 10.46B | 6.60B | 3.27B |
| EBITDA | 2.30B | 1.47B | 1.86B | -1.10B | 320.14M | -13.22B |
| Net Income | 1.32B | 726.87M | 1.12B | -1.43B | 157.15M | -13.32B |
Balance Sheet | ||||||
| Total Assets | 18.95B | 17.90B | 16.32B | 9.77B | 10.35B | 3.03B |
| Cash, Cash Equivalents and Short-Term Investments | 5.54B | 6.36B | 7.48B | 2.99B | 4.26B | 1.85B |
| Total Debt | 1.42B | 1.36B | 1.31B | 921.90M | 596.29M | 19.74B |
| Total Liabilities | 6.24B | 6.10B | 5.37B | 3.71B | 3.29B | 20.68B |
| Stockholders Equity | 12.71B | 11.80B | 10.95B | 6.06B | 7.06B | -17.65B |
Cash Flow | ||||||
| Free Cash Flow | -43.34M | 850.67M | 2.24B | -632.73M | 431.80M | 309.87M |
| Operating Cash Flow | 1.62M | 1.02B | 2.35B | -515.54M | 445.88M | 320.07M |
| Investing Cash Flow | 106.74M | -1.45B | -4.70B | 428.63M | -5.00B | -206.06M |
| Financing Cash Flow | -177.06M | -311.12M | 3.37B | -140.56M | 4.81B | -12.77M |
Honasa Consumer Limited Technical Analysis
Positive
300.05
Price Trends
322.06
Positive
304.90
Positive
294.16
Positive
Market Momentum
7.86
Positive
64.03
Neutral
56.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HONASA, the sentiment is Positive. The current price of 300.05 is below the 20-day moving average (MA) of 349.04, below the 50-day MA of 322.06, and above the 200-day MA of 294.16, indicating a bullish trend. The MACD of 7.86 indicates Positive momentum. The RSI at 64.03 is Neutral, neither overbought nor oversold. The STOCH value of 56.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HONASA.
Honasa Consumer Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹799.58B | 38.40 | ― | 1.62% | 5.01% | 7.14% | |
75 Outperform | ₹1.09T | 54.03 | ― | 1.42% | 25.67% | 8.14% | |
70 Outperform | ₹595.10B | 43.58 | ― | 2.42% | -2.73% | -9.21% | |
64 Neutral | ₹188.21B | 18.06 | ― | 1.91% | 2.14% | 0.13% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹1.05T | 54.14 | ― | 1.67% | 7.81% | 0.51% | |
54 Neutral | ₹116.17B | 46.47 | ― | ― | 13.17% | 98.58% |
* Consumer Defensive Sector Average
IN:HONASA
Honasa Consumer Limited
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Honasa Consumer Limited Corporate Events
Honasa Says Surge in Share Volumes Is Market-Driven, Reaffirms Disclosure Compliance
Apr 9, 2026
Honasa Consumer Limited has clarified that the recent significant increase in trading volumes of its equity shares is entirely market-driven and not the result of any company-specific actions or undisclosed developments. In response to a query fro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.