$HONASA share price: Brokerage initiates coverage on Mamaearth parent, sees 28% upside

Honasa Consumer share price: Honasa Consumer, the parent company of Mamaearth, reported a consolidated net profit of Rs 69.4 crore for the March quarter of the financial year 2025-2026 (FY25-26). The company posted a massive 178 per cent year-on-year (YoY) surge from the Rs 24.9 crore net profit reported in the corresponding quarter of the previous financial year. Profit for the previous quarter came in at Rs 50.2 crore. The brokerage firm, Dam Capital, has initiated coverage on the BSE 500 stock. Let’s explore the reasons to buy along with the latest target price.