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via economictimes.indiatimes.comBusiness & Companies

Honasa Consumer shares climb 5% as Jefferies raises target after Q2

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Honasa Consumer, the firm behind Mamaearth, saw a remarkable boost in its shares after revealing impressive quarterly earnings. The company recorded a nearly 87% increase in consolidated net profit for the September quarter compared to the same period last year. This surge in…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong quarterly profit and a higher Jefferies target can support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated net profit for the September quarter rose nearly 87% year over year.
  2. 02Jefferies raised its target price citing strong performance.
  3. 03Revenue growth was the largest since the company's market debut.

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