Honasa Consumer Soars 3% on Strong Q3, But Still Below IPO Price

• Honasa Consumer, Mamaearth's parent, gained over 3% after reporting its strongest Q3 with record revenue and margins.
• Revenue rose 16% YoY to ₹601.5 crore; EBITDA surged 151% to ₹65.5 crore, and net profit doubled to ₹50 crore.
• Mamaearth showed double-digit growth, younger brands grew over 25%, and The Derma Co achieved double-digit EBITDA growth.
• Distribution expanded significantly, with direct outlet coverage exceeding 1 lakh and total distribution up 25% to 2.7 lakh outlets.
• Brokerages like HSBC and Jefferies reacted, with Jefferies maintaining a 'Buy' rating and a ₹500 price target, citing regained momentum.