Honasa Founder Varun Alagh Boosts Stake by 0.57% in Rs 50 Cr Block Deal

• Honasa Consumer co-founder Varun Alagh acquired 1.85 million shares (0.57% equity) in a Rs 50 crore block deal.
• The transaction, at Rs 270 per share, increased Alagh's stake to 32.45% and the promoter group's to 35.54%.
• The stake increase signals renewed promoter confidence amid Honasa's focus on profitability and brand-building.
• This follows Honasa's recent acquisitions of BTM Ventures (Reginald Men) and a stake in Couch Commerce (Fang).
• Honasa reported a Q2 profit of Rs 39.23 crore, reversing last year's loss, with revenue up 16.5% to Rs 538.1 crore.

Why It Matters: Varun Alagh's increased stake signals promoter confidence amid Honasa's strategic growth and profitability.