Outcome of Board Meeting held today i.e. May 21, 2026
HONASA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts more than Nifty Smallcap 250 and 5.0 pts more than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Honasa Consumer Limited reported strong FY2026 results with standalone revenue of ₹23,054 million (up 14% YoY) and PAT of ₹1,908 million (up 177% YoY from ₹690 million). Q4 PAT jumped to ₹645 million from ₹246 million in Q4 FY2025. The Board approved audited financials with unmodified opinion from S.R. Batliboi & Associates. Key decisions include recommending a maiden final dividend of ₹3 per share (30% payout), reappointing an Independent Director for 5 years, and appointing BDO India as internal auditors. The Company also acquired 95% stake in BTM Ventures for ₹1,980 million and won a favorable arbitration award of AED 7.25 million against former distributor RSM. Figures for FY2025 were restated due to completed amalgamation of Fusion Cosmeceutics and Just4Kids.
The 177% PAT growth and maiden dividend signal strong profitability turnaround and shareholder-friendly posture. The unmodified audit opinion with no going concern issues is positive. The RSM arbitration win reduces legal uncertainty. However, 14% revenue growth is below the 20% threshold, and EBITDA margins show compression which investors should monitor.