Honasa, Laxmi Dental rip up to 20% on Q4 beats; JM lifts Honasa TP to Rs 420
Honasa Consumer jumped 10.5% to Rs 397.65 as Q4 LTL EBITDA margin crossed 11%, Mamaearth grew mid-teens and younger brands surged 30% YoY. Laxmi Dental locked 20% upper circuit at Rs 248.90 after Q4 net profit rose 135.5% to Rs 10.08 cr on sales of Rs 72.18 cr (+19.5%). JM Financial reiterated BUY on Honasa, raising TP to Rs 420.
Laxmi Dental and Honasa Consumer (Mamaearth) shares surged up to 20% on strong Q4 FY26 results. Honasa's LTL EBITDA expanded to ~11%+, Mamaearth grew mid-teens, younger brands +30%. JM Financial raised TP to Rs 420, maintained BUY.
Why this matters
Extends Honasa's Q4 rally after the stock hit a 52-week high on tripled profit and maiden dividend, with Mamaearth's offline push driving repeated 10% upper circuits.
Retail-company signals steady at 915 in the last 90 days.