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Honasa Consumer: Antique said Honasa has been able to disrupt the beauty & personal care (BPC) category, which has been dominated by large MNC players, through its innovative digital-first products with a focus on natural/ toxic-free products.
Honasa Consumer shares, which soared 12.45 per cent to settle at Rs 475.10 on Friday, fell 4.5 per cent to hit a low of Rs 453.70 on BSE, before recovering some group. At 9.24 am, the scrip was trading at Rs 461.10, still down 2.95 per cent.
Honasa said its topline for the quarter grew 21 per cent, year-on-year (YoY), to Rs 496 crore and that like-for-like growth from continuing business stood at 24 per cent. The sales growth was aided by a 27 per cent YoY jump in volumes.