Honasa downgraded to ‘Sell’ as shares plunge 20% amid Q2 weakness

Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to ‘SELL’ from ‘BUY’ and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges. Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to ‘SELL’ from ‘BUY’ and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges.  Economic Times