Honasa Consumer Ltd.
NSE: HONASAHonasa Consumer Ltd.: A 30-second snapshot
Honasa Consumer (Mamaearth parent) trades at ₹354, up 42.74% over the past year and 21.25% over the past 3 months, placing it above both its 50-DMA (₹319) and 200-DMA (₹293). Trailing PE stands at 73.84 against a profit margin of 6.87% and a debt-to-equity ratio of 11.18 that is trending higher, while five-year revenue growth of 16.2% and earnings growth of 94.9% reflect a company still in a high-growth phase. Sector quality score of 45 ranks 4th of 6 FMCG peers and ROE has not cleared 15% in any reported year.
P/E
73.8
Forward P/E
51.8
ROE
—
Debt / Equity
11.18
Profit Margin
+6.9%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
3/5
Quality
54/100
News
8 headlines · 0 positive · 2 negative
Honasa Consumer CBO Yatish Bhargava Resigns Effective May 15, 2026 - scanx.trade
scanx.trade
Honasa Consumer Limited Schedules Board Meeting on May 21, 2026 to Approve FY26 Financial Results and Final Dividend - India IPO
India IPO
Honasa Consumer Ltd CBO Yatish Bhargava to Exit May 2026 - Whalesbook
Whalesbook
Honasa Consumer Limited Investor Day 2026 scheduled on June 10, 2026 under Regulation 30 - scanx.trade
scanx.trade
Honasa Consumer appoints Dheeraj Nagpal and Madhur Acharya to drive future-focused brands - IMPACT Magazine
IMPACT Magazine
Recent context
- ·CBO Yatish Bhargava exited on May 15, 2026; the company has since appointed Dheeraj Nagpal and Madhur Acharya to lead future-focused brand verticals, according to IMPACT Magazine (May 13, 2026).
- ·A board meeting is scheduled for May 21, 2026 to approve FY26 financial results and a potential final dividend — the first scheduled full-year earnings disclosure since recent leadership changes.
- ·An Investor Day has been set for June 10, 2026 under Regulation 30, which may provide forward guidance on the brand strategy and financial targets.
Strengths
- +Five-year earnings growth of 94.9% and revenue growth of 16.2% indicate sustained top-line and bottom-line expansion from a low base, with FCF positive in 3 of available years.
- +Price is above both the 50-DMA (₹319) and 200-DMA (₹293), with a 52-week drawdown of only -2.93%, reflecting a stock near its annual high.
- +Forward PE of 51.79 is a 30% compression from the trailing PE of 73.84, suggesting consensus earnings estimates embed meaningful near-term profit growth.
- +An Investor Day is scheduled for June 10, 2026 and a board meeting on May 21 for FY26 results — two near-term events that may update the earnings and growth trajectory.
Weaknesses
- −Debt-to-equity of 11.18 is rising and sits well above the FMCG peer set; with profit margins at 6.87%, the company has limited earnings cushion to absorb further leverage increases.
- −ROE has not exceeded 15% in any year of available history and is currently uncomputable; quality score of 45 ranks 4th of 6 FMCG peers, below NESTLEIND (61), HINDUNILVR (58), and BRITANNIA (50).
- −Trailing PE of 73.84 at single-digit margins implies the market is pricing in a significant multi-year earnings re-rating that has not yet shown up in return-on-equity metrics.
- −CBO Yatish Bhargava resigned effective May 15, 2026, representing a senior leadership departure at a formative stage for the brand portfolio.
Open questions
- ?Does the 94.9% five-year earnings growth reflect a structural shift in D2C profitability, or is it compounding from a near-zero base in a way that understates how far margins must still travel?
- ?How does a D/E ratio of 11.18 — rising in an FMCG sector known for low leverage — affect the company's ability to invest in brand building during a competitive market share phase?
- ?What does the departure of the Chief Business Officer signal about the internal roadmap for brand diversification, and how quickly are the newly appointed brand leaders expected to show results?
- ?If FY26 earnings meet or exceed current consensus, does the forward PE of 51.79 reflect a multiple that peers with established ROE track records trade at — and what would closing the ROE gap require?
Peer comparison: FMCG
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| HONASA | Honasa Consumer Ltd.You're viewing | 73.8 | — | 45 |
| Industry avg | across 5 peers | 55.8 | +39.5% | 52 |
| NESTLEIND | Nestle India Ltd. | 78.8 | +76.3% | 61 |
| HINDUNILVR | Hindustan Unilever Ltd. | 50.2 | +21.6% | 58 |
| BRITANNIA | Britannia Industries Ltd. | 51.3 | +53.3% | 50 |
| TATACONSUM | Tata Consumer Products Ltd. | 79.4 | +6.9% | 45 |
| ITC | ITC Ltd. | 19.0 | — | 44 |
Technical state
Current price
₹354.00
SMA 50
₹319.24
SMA 200
₹293.24
RSI (14)
63.7 (neutral)
From 52w high
-2.9%
1Y return
+42.7%
3M return
+21.3%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumDebt-to-equity of 11.18 is rising and sharply above typical FMCG norms; with profit margins at 6.87%, there is limited earnings buffer to service or reduce leverage.
- mediumROE is not computable across available history and roeYearsAbove15 = 0; quality score of 45 ranks 4th of 6 FMCG peers, behind NESTLEIND (61), HINDUNILVR (58), and BRITANNIA (50).
- lowTrailing PE of 73.84 and forward PE of 51.79 represent a premium to most FMCG peers (HINDUNILVR 50.2, BRITANNIA 51.3, ITC 19.0) while ROE is unestablished and profit margins remain single-digit.
- lowChief Business Officer Yatish Bhargava resigned effective May 15, 2026; two of eight recent headlines cover this departure, raising near-term senior leadership continuity questions.
- lowNews sample is sparse at 8 items total; no analyst consensus rating is available (count: 13 analysts tracked), limiting the completeness of the sentiment and coverage picture.
Cross-section contradictions
- Five-year earnings growth of 94.9% and a 42.74% one-year price gain reflect strong momentum, yet ROE is not computable with zero years above 15% and D/E of 11.18 is rising — the valuation premium is not yet anchored to demonstrated return on equity.
- Price is up 21.25% over 3 months and trades just 2.93% below its 52-week high, while the two negative headlines in recent coverage both relate to a senior executive departure rather than business outperformance.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 24 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days