# Honasa Consumer Shares Surge 54% in 6 Months

> HDFC Securities boosts Honasa Consumer target to ₹550 after 54% share rise in six months.
- Title: Honasa Consumer Shares Surge 54% in 6 Months · mint | Shortify
- Summary: HDFC Securities boosts Honasa Consumer target to ₹550 after 54% share rise in six months. HDFC Securities maintains Buy rating on Honasa Consumer with ₹550…
- Keywords: honasa consumer, mamaearth, hdfc securities, buy rating, target price, shares, stock market, money, business, Honasa, Consumer, Surge
- Source: mint — https://livemint.com/market/stock-market-news/honasa-consumer-shares-54-up-in-6-months-target-price-rs-550-as-mamaearth-stock-gets-buy-rating-from-hdfc-securities-11791478927170.html
- Author: A Ksheerasagar
- Published: 2026-10-08T17:39:56+00:00
- Read time: 1 min
- Topics: honasa consumer, mamaearth, hdfc securities, buy rating, target price, shares, stock market, money, business
## HDFC Securities maintains Buy rating
HDFC Securities maintained its Buy rating on Honasa Consumer, setting a target price of ₹ 550.

> HDFC Securities maintained its Buy rating on Honasa Consumer, setting a target price of ₹ 550
## Mamaearth and The Derma Co. growth
The brokerage cited growth at Mamaearth and The Derma Co., expanding offline reach, and the potential of younger brands.

> The brokerage cited growth at Mamaearth and The Derma Co., expanding offline reach, and the potential of younger brands
## Annual recurring revenue above ₹10 billion
The brokerage highlighted the company’s efforts to sustain strong growth across both Mamaearth and The Derma Co., with annual recurring revenue (ARR) for both brands now above ₹ 10 billion.

> The brokerage highlighted the company’s efforts to sustain strong growth across both Mamaearth and The Derma Co., with annual recurring revenue (ARR) for both brands now above ₹ 10 billion
## Offline retail expansion targets
For offline direct-reach retail, management has set a target of reaching 300,000 outlets by FY31, up from around 120,000 currently.

> For offline direct-reach retail, management has set a target of reaching 300,000 outlets by FY31, up from around 120,00
## Younger brands in ₹1-2 billion revenue band
The younger brands Aqualogica, Dr. Sheth’s, BBlunt, and Reginald are well placed in the ₹ 1-2 billion revenue band.

> The younger brands Aqualogica, Dr. Sheth’s, BBlunt, and Reginald are well placed in the ₹ 1-2 billion revenue band
## Reginald and Staze growth potential
HDFC Securities believes Reginald has strong potential to accelerate growth, supported by its focused positioning in male skincare and relatively limited market presence.

> HDFC Securities believes Reginald has strong potential to accelerate growth, supported by its focused positioning in male skincare and relatively limited market presence
## Shares surge 54% in six months
On Tuesday, shares of the company advanced 12% following its second-quarter business update, taking the stock’s six-month return to 54% and its year-to-date gains to 63%.

> On Tuesday, shares of the company advanced 12% following its second-quarter business update, taking the stock’s six-month return to 54% and its year-to-date gains to 63%
## Key takeaway

HDFC Securities maintains Buy rating on Honasa Consumer with ₹550 target after shares rose 54% in six months.