Buy Honasa Consumer, target price Rs 530: JM Financial

JM Financial has buy call on Honasa Consumer with a target price of Rs 530. The current market price of Honasa Consumer Ltd. is Rs 488.65.

Honasa Consumer Ltd., incorporated in the year 2016, is a Small Cap company (having a market cap of Rs 15842.57 Crore) operating in FMCG sector.

Honasa Consumer Ltd. key Products/Revenue Segments include Personal Care for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 572.78 Crore, up 16.86 % from last quarter Total Income of Rs 490.14 Crore and up 20.05 % from last year same quarter Total Income of Rs 477.10 Crore. Company reported net profit after tax of Rs 40.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 35.07 per cent stake in the company as of 30-Jun-2024, while FIIs owned 13.95 per cent, DIIs 17.36 per cent.