ResultsBusiness Today
CLSA raises Honasa target to Rs 506, keeps Hold
Positive+21Company event
GreyOak summary
Brokerage CLSA raised its target price for Honasa Consumer Ltd to Rs 506 from Rs 505 while maintaining a 'Hold' rating following Q2 FY27 results. The company reported 35.9% sales growth and a 95% Ebitda increase, though margins were slightly below estimates. CLSA revised its FY27-FY29 estimates upward by 2% based on the better-than-expected performance.
What it affects
- Honasa ConsumerHONASAPositive +21
Target price raised to Rs 506Rolling sentiment Positive +71
Source
Read the original at Business TodayMore Honasa Consumer news
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