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Sequoia cuts Honasa stake to 2.68% as Peak XV also sells down to 11.50%
Sequoia cut its Honasa Consumer stake to 2.68% from 3.44% by selling 25,02,289 shares on September 30, 2026. Peak XV also sold 1,07,55,495 shares, lowering its holding to 11.50%. Honasa's Q1 FY27 revenue rose 27%.
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The numbers
Figures from Storyboard18,
| Sale price per share: | ₹450 |
|---|---|
| Q1 FY27 consolidated revenue: | ₹755.95 crore |
| FY26 consolidated revenue: | ₹2,391.94 crore |
Why it matters to operators and investors
Honasa's Q1 FY27 revenue still grew 27% to ₹755.95 crore, so the Sequoia and Peak XV sell-downs look like early-investor liquidity rather than a demand warning, and beauty rivals should plan for continued competitive pressure from Mamaearth's parent.
What to watch next
- Further bulk or block deal disclosures showing Peak XV or Sequoia selling below the ₹450 level
- The next quarterly shareholding pattern showing who bought the shares, and whether Peak XV falls below 11.50%
- Honasa shares trading persistently below ₹450 after the block
- Q2 revenue growth holding near the 27% seen in Q1 FY27 or slowing
- Any company statement or filing on the investors' remaining holdings
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Peak XV is likely to keep selling down from 11.50% in further block or bulk deals, probably timed around price strength or results.
- Sequoia may keep trimming its remaining 2.68%, and could exit almost entirely over the next few quarters.
- Honasa management is likely to describe the sales as routine investor liquidity and point to 27% revenue growth to Q1 FY27 as proof the business is intact.
- Domestic mutual funds and other institutions are likely to absorb most of the sold shares, which would lift the free-float share of the register.
- Sell-side analysts will probably keep their fundamental views on Honasa but flag the continued stake sales as a near-term supply overhang.
The source
First seen