Honasa Consumer Shares Fall 3% After ₹643 Crore Block Deal

shares fell around 3% on September 29 after about 1.4 crore shares, representing 4.4% of the company’s equity, changed hands in block deals worth ₹643.4 crore. The transaction was executed at ₹450 per share, a discount of around 3.4% to the previous close. The identities of the buyers and sellers were not immediately disclosed. The deal came a day after reports said Peak XV Partners, Sequoia Capital and Redwood Trust were likely to sell a combined 2.73% stake in Honasa Consumer through a block deal, with the proposed transaction valued at up to ₹400 crore and a floor price of ₹450 per share. Despite the block-deal-led decline, Honasa Consumer has reported an improvement in its financial performance. In Q1 FY27, the Mamaearth parent’s net profit more than doubled year-on-year to ₹90.45 crore, while revenue from operations increased 27% to ₹755.94 crore and EBITDA more than doubled to around ₹110 crore. The stock had also gained about 59.4% in 2026 before Tuesday’s decline.