Overview
- Revenue from operations came in at about Rs 538 crore, up 16.5% year on year but down roughly 10% sequentially, with profit at Rs 39.22 crore versus a loss a year earlier.
- Management said a Flipkart settlement change reduced reported revenue by Rs 28 crore with no impact on profit, implying adjusted revenue of roughly Rs 566 crore.
- Quick commerce now contributes around 10% of sales and is the fastest-growing channel, supporting scale for lower-priced products.
- Honasa launched Luminéve as a prestige, night-focused skincare line exclusively on Nykaa and invested Rs 10 crore for a minority stake in an oral-care startup focused on teeth whitening.
- Jefferies raised its target price to Rs 450, indicating about 58% upside potential and pointing to a business turnaround and strengthening core categories.