Honasa Consumer shares slip after 52-week high; board meeting on dividend adds to buzz

16 hours ago 25

Shares of Honasa Consumer Limited were trading 0.35 per cent lower at ₹351.70 on the NSE as of 12.29 PM on Tuesday, a day after the stock hit a 52-week high of ₹362.80 on May 11. The personal care company, which owns the Mamaearth brand, is in focus after filing two regulatory disclosures with stock exchanges yesterday.

The company announced a Board of Directors meeting scheduled for May 21, 2026, to approve audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, and to recommend a final dividend for FY2025-26, subject to shareholder approval. The trading window for designated persons remains closed until 48 hours after the results are submitted to exchanges.

Separately, ICRA Limited, acting as monitoring agency, submitted its quarterly report confirming that Honasa’s utilisation of IPO proceeds — raised during its November 2023 listing — is fully in line with stated objects, with no deviations reported. Of the net proceeds of ₹350.49 crore, the company has deployed ₹315.27 crore as of March 31, 2026, leaving ₹35.23 crore unutilised, parked primarily in fixed deposits with HDFC Bank.

At current levels, the stock has gained over 41 per cent in the past year and about 24 per cent year-to-date, significantly outperforming the Nifty 500, which is down nearly 6 per cent YTD. The stock trades at a trailing PE of 73.73, above 50 for four consecutive quarters. Market cap stands at approximately ₹11,443 crore.

Sell-side pressure is visible intraday, with roughly 80 per cent of pending orders on the sell side against 20 per cent on the buy side. Traded volume stood at 1.37 lakh shares, with a traded value of ₹4.83 crore by midday. The stock’s daily volatility is 2.39 per cent, with annualised volatility at 45.66 per cent.