HONASA

Feb 25 (Reuters) - Zaggle Prepaid Ocean Services Ltd ZAGG.NS:

• ZAGGLE PREPAID OCEAN SERVICES LTD - ENTERS AGREEMENT WITH HONASA CONSUMER

• ZAGGLE PREPAID OCEAN SERVICES - TO PROVIDE ZOYER PLATFORM TO HONASA CONSUMER

• ZAGGLE PREPAID OCEAN SERVICES LTD - CONTRACT TO BE EXECUTED OVER 36 MONTHS

Source text: ID:nBSE7xXHXT

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** Shares of Honasa Consumer HONA.NS rise as much as 8.6% to 222.28 rupees

** Mamaearth's parent reported 0.5% rise in Q3 consol net profit to 260.2 million rupees, rev grew 6% to 5.18 billion rupees

** Q3 EBITDA margin at 5% vs 7.1% a year earlier

** Rev was in-line with slight EBITDA beat; Mamaearth brand declined, while younger brands grew over 30% - Jefferies

** Brokerage Emkay expects Q4 sales growth in high single digit, sees EBITDA pressured by higher advertising, promotion

** More than 3 million shares traded as of 10:13 a.m. IST, 3.8x 30-day moving avg

** Mean rating of stock is 'hold'; median PT is 374 rupees - data compiled by LSEG

** HONA down 19.8% YTD

(Reporting by Meenakshi Maidas in Bengaluru)

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Feb 12 (Reuters) - Honasa Consumer Ltd HONA.NS:

• DEC-QUARTER CONSOL NET PROFIT 260.2 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.18 BILLION RUPEES

Source text: [ID:]

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** Shares of Honasa Consumer HONA.NS rise by an exchange-allowed maximum 10% to 252.65 rupees

** 764,999 shares traded in a block deal on NSE at 9% premium to prev close - LSEG data

** Overall trading vol of 2.9 mln is nearly 2x the 30-day average

** Stock up ~12% this week, set to snap six-week losing run

** HONA down ~36% this month after reporting its first quarterly loss since listing last November

(Reporting by Vijay Malkar)

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** India's Mamaearth parent Honasa Consumer HONA.NS down ~2% at 233.65 rupees, set for a four-session losing streak

** Stock down about 37% so far this week, on course for its worst week since trading debut in Nov 2023

** The beauty and personal care products retailer posted its first quarterly loss since listing, triggering a meltdown in its stock and wiping off $415 mln in market value

** Analysts said Q2 results fanned demand and growth worries for Mamaearth, which is also facing stiff competition from larger rival Nykaa FSNE.NS and private players such as Health & Glow

** Moreover, India's biggest retail distributors' association on Tuesday accused HONA of dumping excessive inventory, a significant portion nearing expiry, onto distributors without considering market demand; HONA denied the report terming it "misinformation"

** HONA stock drops ~31% since listing in Nov 2023

(Reporting by Ananta Agarwal in Bengaluru)

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** Shares of Mamaearth-parent Honasa Consumer HONA.NS fall as much as 18.5% to a record low of 242.4 rupees

** Stock has lost ~31% in two sessions since it posted Q2 loss and fall in revenue on Thursday after market hours; hits record low for second straight session

** Nearly 307,000 shares change hands via block deals at a price of 255 rupees per share, a 14.2% discount to its Monday's close of 297.3 rupees

** HONA's Q2 performance was disappointing due to inventory correction in general trade channel - Antique Stock Broking

** Consumer shift and preference on the online channel also contributed to the weakness - ICICI Securities

** More than 5.5 mln shares change hands, 7.1x its 30-day avg

** Four analysts covering the stock downgrade rating on stock post results while eight cut PT; median PT trimmed 25% to 410 rupees - LSEG data

** Stock down 35% so far this month, set for worst month since listing a year ago

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Honasa Consumer HONA.NS fall an exchange-allowed maximum of 20% to a record low of 297.3 rupees

** The beauty products retailer posted a consolidated net loss of 185.8 mln rupees ($2.20 mln) vs a profit of 294.4 mlm rupees a year ago; rev from ops down ~7% Y/Y

** Co hurt by inventory correction and bleak demand during the quarter

** Five analysts covering the stock cut stock's PT after results, while avg rating of 12 analysts still at "buy"; median PT is 540 rupees - LSEG data

** Stock down 25% so far this month, on track for biggest monthly fall since listing a year ago

($1 = 84.3850 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 14 (Reuters) - Honasa Consumer Ltd HONA.NS:

• HONASA CONSUMER SEPT-QUARTER CONSOL NET LOSS AFTER TAX 185.8 MILLION RUPEES

• HONASA CONSUMER SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.62 BILLION RUPEES

Source text: ID:nBSE7Dyt5Q

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Oct 18 (Reuters) - Honasa Consumer Ltd HONA.NS:

• HONASA CONSUMER - COURT OF APPEAL (DUBAI) PASSED ORDER ON OCT 15 REJECTING APPEALS OF CO

Source text for Eikon: ID:nBSE5Gmy0S

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Oct 9 (Reuters) - Honasa Consumer Ltd HONA.NS:

• HONASA CONSUMER - MAMAEARTH PARTNERS WITH MEESHO TO AMPLIFY REACH IN TIER 3, BEYOND

• HONASA CONSUMER - TARGETS 1 BILLION ARR ON PLATFORM IN NEXT 12 MONTHS

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Oct 4 (Reuters) - Honasa Consumer Ltd HONA.NS:

• UPDATE ON ONGOING LITIGATION BETWEEN CO AND RSM GENERAL TRADING LLC

• DUBAI COURT HAS REJECTED GRIEVANCES FILED BY BOTH PARTIES

• DUBAI COURT ORDERED TO ATTACH ASSETS OF CO IN UAE

• DUBAI COURT REFUSED TO CANCEL TRADING LICENSE OF HONASA CONSUMER GENERAL TRADING

Source text for Eikon: ID:nBSE7FbmsX

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Sept 18 (Reuters) - Honasa Consumer Ltd HONA.NS:

• MAMAEARTH STRENGTHENS OFFLINE PRESENCE

• DISTRIBUTION IN CSD CHANNEL UNDER MINISTRY OF DEFENCE NATIONWIDE

Source text for Eikon: ID:nBSE5Pk556

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** Shares of beauty products retailer Honasa HONA.NS down 5.1%, top loser among small-caps .NIFSMCP100

** Investors including Peak XV Partners Investments VI, Redwood Trust, Sequoia Capital Global Growth Fund III are selling 16.8 bln rupees worth stake in co, IFR Markets reports

** Sale at floor price of 480 rupees, ~8% discount to last close, IFR says

** About 36.9 mln shares change hands in multiple block deals, per LSEG data

** Stock up 11.5% YTD vs a 27.4% gain in small-cap index

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of beauty and personal care company Honasa Consumer HONA.NS surge 14.8% to record high of 537.90 rupees

** Mamaearth-parent's stock last up 13%, set for 2nd best day since Nov 2023 listing

** India's National Company Law Tribunal (NCLT) approves HONA's acquisition of playschool info platform Just4Kids Services and skincare products maker Fusion Cosmecutics

** HONA has risen about 66% since its market debut, while benchmark Nifty 50 .NSEI has added 29% in the same period

** Avg rating of 11 analysts on HONA is equivalent of "buy"; median PT is 542.50 rupees -LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 21 (Reuters) - Honasa Consumer Ltd HONA.NS:

• HONASA CONSUMER - DELHI HIGH COURT DIRECTS RSM GENERAL TO WITHDRAW EXECUTION PROCEEDINGS IN DUBAI AGAINST CO

• HONASA CONSUMER - ORDER SHALL HAVE POSITIVE IMPACT ON FINANCIALS OF CO

Source text for Eikon: ID:nBSE29YcXd

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Aug 9 (Reuters) - Honasa Consumer Ltd HONA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 402.6 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5.54 BILLION RUPEES

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July 9 (Reuters) - Honasa Consumer Ltd HONA.NS:

• DELHI HIGH COURT GRANTS AD-INTERIM INJUNCTION, ANTI-ENFORCEMENT PROTECTION TO CO

• ORDER GRANTED TO RESTRICT RSM TO EXECUTE PREVIOUS DECREE PASSED BY DUBAI COURT

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** Shares of Mamaearth parent Honasa Consumer HONA.NS fall 6.7% to 427.3 rupees

** Nearly 248,000 shares of the skincare firm traded at an average price of 432.8 rupees, a near 6% discount to Monday's close of 458 rupees, as per LSEG data

** More than 2.7 mln shares change hands, 3.9x its 30-day avg

** Nine analysts covering the stock on avg have a "buy" rating; median PT is 532.5 rupees - LSEG data

** Stock down over 3% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Honasa Consumer HONA.NS rise as much as 7.1% to 448 rupees, highest since Feb. 23

** Mamaearth's parent co reports consolidated net PAT of 304.8 mln rupees ($3.7 mln) vs year-ago loss of 1.62 bln rupees, aided by strong demand for beauty and personal care products

** More than 1.3 mln shares change hands, 2.2x its 30-day avg

** Nine analysts covering the stock on avg have a "buy" rating; median PT is 532.5 rupees - LSEG data

** Stock up 11% so far this week, eyes best weekly gain since Nov. 24

($1 = 83.2170 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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BENGALURU, May 23 (Reuters) - Indian skincare firm Mamaearth's parent Honasa Consumer HONA.NS posted a profit in the fourth quarter as consumers stocked up on beauty and personal care products, with retailers doling out offers and discounts.

The company, which sells personal care and makeup products, reported a consolidated net profit after tax of 304.8 million rupees ($3.7 million) for the three months ended March 31, compared with a loss of 1.62 billion rupees a year earlier.

End-of-season sales drove volumes, while high-income urban consumers stocked in on moisturisers and shampoos, further boosting top-line growth, said analysts.

The company, which also sells products of brands like The Derma Co and Aqualogica, posted a near 22% rise in revenue from operations to 4.71 billion rupees.

Indian consumers have been swayed by offers and discounts on products as inflation continued to hurt discretionary spending.

Honasa's earnings before interest, tax, depreciation and tax (EBITDA) margin expanded to 7% from a loss of 0.8% a year earlier.

The company said it planned to implement cost efficiency by transitioning to direct distribution, with a focus on mature fast moving consumer goods distributors.

Shares of Honasa closed 1.9% lower ahead of the results. They fell 8.7% in the January-March quarter.

($1 = 83.2275 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Mamaearth-parent Honasa Consumer HONA.NS jump ~9%, taking two-session gain to ~14% - most since late Nov

** Stock rose 4.5% on Mon after HONA said its skincare label 'The Derma Co' hit 5 bln rupees ($60 mln) annual revenue rate

** Jefferies calls it "a key milestone" as brand is under 4 years; says HONA leading market for active ingredient-based products

** HONA set for fourth straight session of gains in which it has added ~16%, helping erase nearly all YTD losses

** Stock has jumped 30.5% since listing on Nov. 7

($1 = 83.3500 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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March 5 (Reuters) -

• FIRESIDE VENTURES INVESTMENT FUND I CUTS STAKE IN HONASA CONSUMER TO 5.52% FROM 7.57% - EXCHANGE FILING

Source text for Eikon: ID:nBSEbb8zcW

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** Shares of Mamaearth-parent Honasa Consumer HONA.NS jump 4.3% to 452.15 rupees after Citi starts with "buy"

** Citi sees rev CAGR of 25% from FY24-26, EBITDA to grow 55% as ad spend reduces and Mamaearth's offline channels expand

** Expects Honasa's newer beauty and personal care products brands to repeat success of Mamaearth (~78% of FY23 sales) and improve overall rev share

** Citi sets 550 rupees PT, valuing HONA at "rich" 55x EV/EBITDA, but says it's justified given HONA can outgrow peers

** At least three other brokerages cover HONA, with 2 rating it "buy" and 1 "underweight"; mean PT is ~498 rupees -LSEG data

** HONA stock up~ 37% since listing in November

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Honasa Consumer Ltd HONA.NS up 2.1% at 442.2 rupees

** Beauty products retailer had risen as much as 9.7% earlier in the day on Q3 profit jump

** J.P.Morgan downgrades to "Underweight" from "Neutral", citing slowing revenue growth at flagship 'Mamaearth' brand, limited scope for "rapid" margin expansion amid soft demand and stiff competition

** Adds, current valuations at ~99x/70x FY25/26E P/E are demanding; downgrades PT to 390 rupees from 425 rupees earlier

** Over 2.8 mln shares traded, 3x 30-day avg volume

** Including session's moves, stock little changed this year

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 9 (Reuters) - Honasa Consumer Ltd HONA.NS:

• HONASA CONSUMER DEC-QUARTER CONSOL NET PROFIT 259 MILLION RUPEES VERSUS 94.7 MILLION RUPEES

• HONASA CONSUMER DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.88 BILLION RUPEES VERSUS 3.82 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: HONA.NS

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** Mamaearth-parent Honasa Consumer's shares HONA.NS jump 10% to record high of 490.20 rupees

** About 3.5 mln HONA shares traded as of 2:32 p.m. IST in two block deals at 437.20-490.20 rupees each- LSEG data

** Stock up 7.3% in six sessions so far this year

** HONA has risen ~40% since listing on Nov. 7

(Reporting by Rama Venkat in Bengaluru)

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** An undemanding base coupled with continuing efforts to tame inflation should support consumer staples companies in 2024, says Jefferies

** Brokerage sees scope for margin expansion in the sector in 2024 due to volume growth, remains hopeful of a pick-up in rural demand in second half of 2024

** Upgrades Dabur DABU.NS to "buy" from "hold"; identifies DABU, Godrej Consumer Products GOCP.NS, Marico MRCO.NS and Honasa Consumer HONA.NS as its top picks, citing valuation comfort

** Downgrades Britannia and Tata Consumer to "hold" from "buy"

** Hikes target price of Hindustan Unilever HLL.NS, ITC ITC.NS, Nestle India NEST.NS, Varun Beverages VARB.NS, Britannia BRIT.NS, Tata Consumer TACN.NS, DABU, GOCP, Colgate Palmolive COLG.NS, Emami EMAM.NS and HONA

** India FMCG index .NIFTYFMCG up 0.85% on the day; EMAM gains 3.4%, TACN up 2.75%; DABU and GOCP add 2% each

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Honasa Consumer HONA.NS, parent of beauty products firm Mamaearth, rise as much as 5.1% to 381.95 rupees

** If gains hold, stock set to end six-day losing run

** Norway sovereign fund Norges Bank on Tuesday bought 0.8% stake in HONA per NSE bulk deal data

** Norges buys HONA shares at 378 rupees/shr – a 4% premium to its last close of 363.40 rupees

** Around 1.4 mln shares change hands by 1:56 p.m. IST

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Honasa Consumer HONA.NS, the parent of Mamaearth, rose as much as 5.70%, to 406 rupees per share in early trade, before erasing all the gains; HONA down 1.24% as of 9:59 a.m. IST

** About 6.29 mln shares of HONA change hands in a block deal, at a price of 379.14 rupees per share as of 9:59 a.m. IST, LSEG data shows

** Fireside Ventures was planning to offload 6.1 mln shares, aggregating to 1.9% stake in the company, in a block deal on Dec. 5, said several media reports quoting sources

** As of Nov. 3, Fireside Ventures Investment Fund I held 24.35 mln shares (7.57% stake) of HONA - exchange data

** Trading volume is 8.23 mln shares as of 9:59 a.m. IST, twice the 30-day avg - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Jefferies shifts weight in model India portfolio to HDFC Bank HDBK.NS and ICICI Prudential Life ICIR.NS from NBFCs after recent RBI move to increase risk weightage on personal loans

** Raises HDFC Bank to neutral and adds ICIR on attractive valuations

** Replaces Maruti MRTI.NS with and Eicher EICH.NS, saying Indian 2-wheeler demand likely to grow faster than passenger vehicles over next 2 years

** Adds Coal India COAL.NS on volume growth view, rising power consumption

** Replaces Power Grid PGRD.NS with NTPC NTPC.NS, citing latter's 10% earnings per share CAGR

** Adds Mamaearth parent Honasa Consumer HONA.NS in place of Marico MRCO.NS on strong earnings growth prospects

** With robust earnings performance, Nifty .NSEI is now 18.8x 1-year forward - higher than the past 10-year average, but appears reasonable, excluding China - Jefferies

(Reporting by Sethuraman NR)

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