Honasa Consumer Ltd., the parent company of MamaEarth, saw its share price reach a new 52-week high today. As of 1:13 PM, the stock was trading at ₹524.75, up ₹56.15 or 11.98% from the previous close.
Honasa Consumer Share Performance Details:
- Open: ₹474.60
- High: ₹537.90
- Low: ₹474.55
- Previous Close: ₹468.60
- Average Price: ₹522.63
- Volume: 20,497,834 shares
Data as of 1:13PM, 26 Aug, 2024
The stock opened higher and reached an intraday high of ₹537.90. The increase in share price follows the company’s recent financial performance.
Honasa Consumer reported consolidated revenue of ₹554 crore for Q1 FY25, a year-on-year growth of 19.3% and sequential growth of 17.3%. The product business grew by 20.3%, with volume growth of 25.2%. The company’s EBITDA margin increased by 201 basis points year-on-year to 8.3%, while profit after tax (PAT) rose by 62.9% to ₹40 crore.
These results reflect Honasa’s performance in the personal care sector, particularly in the face wash category. The MamaEarth brand has gained market share.
Analysts have noted Honasa Consumer’s growth, product offerings, and brand recognition. The stock price increase comes as the company works to expand its market presence and improve profitability.
Investors will likely continue to monitor Honasa Consumer’s performance in upcoming quarters as it competes in the personal care market. The new 52-week high indicates current investor sentiment towards the company’s growth potential.