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Earlier report,
HDFC Securities keeps Buy on Honasa, sees ₹550 target on offline-led growth
HDFC Securities reiterated a Buy on Honasa Consumer with a Sep‑27 target price of Rs 550, citing 25% Q2 FY27 revenue growth expectations and offline expansion. Offline contributes ~35% of the business, while Mamaearth exceeds 50%.
- Sep‑27 target price
- ₹550
- Expected Q2 FY27 revenue growth
- 25%
- Offline share of sales
- ~35%
Newer report updates this story , : Honasa guides Q2 FY27 NSV growth in the early thirties, not 25%.
What we verified
Checked against the other reports of this story.
- HDFC Securities target price: ₹550 — NDTV Profit and Mint agree.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Honasa targets 300,000 offline outlets by FY31 as HDFC Securities keeps Buy rating with ₹550 target price
- Offline outlet target by FY31: 300,000
- Current offline direct-reach outlets: around 120,000
- Modern trade penetration: 95%
- Stock return over six months: 54%
On the record
Earlier Honasa Consumer reports on RetailIntel, newest first.
Reported figures
From the report. Source details below
- ~12%
- 5x
- 5.25x
- ~40x