Broker's call: Honasa Consumer (Buy)

Honasa Consumer's analyst meet will focus on growth sustainability, not just near-term recovery. Investors expect clarity on Mamaearth's teen growth, Derma Co's profit, and new brands. The company aims to evolve into a scaled beauty platform. Earnings estimates for FY27/28 were increased, and a 'Buy' rating was maintained with a revised target price of ₹550.