Honasa Consumer Shares Can Zoom 42% Says ICICI Securities Post Strong Q2 Numbers — Check Target Price

Honasa’s Q2 FY26 revenue / gross profit grew 17% / 19% YoY with underlying volume growth at +16.7%, reflecting steady volume-led performance. On a like-for-like basis (adjusted for the Flipkart settlement change of ~Rs 280 million), revenue grew 22.5% YoY, with no impact on absolute profitability as brand contribution remained unchanged.