Buy Honasa Consumer, target price Rs 550: ICICI Securities

ICICI Securities has buy call on Honasa Consumer with a target price of Rs 550. The current market price of Honasa Consumer is Rs 428.85. Honasa Consumer Ltd., incorporated in the year 2016, is a Small Cap company (having a market cap of Rs 13791.73 Crore) operating in FMCG sector.

Honasa Consumer Ltd. key Products/Revenue Segments include Personal Care for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 499.18 Crore, down -.80 % from last quarter Total Income of Rs 503.19 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 25.90 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 35.07 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.21 per cent, DIIs 15.91 per cent.