Honasa Consumer Ltd’s shares fall in intraday trading following a reported block deal in which investors sell a large stake. NDTV and the Economic Times both report that the transactions involve multiple selling entities, with Peak XV Partners and Sequoia Capital named among likely participants. NDTV says up to about 89 lakh equity shares could be sold, while the Economic Times cites a larger figure of around 1.4 crore shares.
The Economic Times adds that the block deal value is about Rs 643 crore and that the shares decline is more pronounced there, at up to around 5%. The outlet also links the market reaction to the company’s recent results and targets, noting Honasa Consumer’s reported 116.5% year-on-year profit growth in Q1 FY27 to Rs 90 crore. It further references the firm’s stated financial roadmap, including a Rs 5,500-crore revenue target by FY31 and a goal to expand EBITDA margins to 15%.
Overall, outlets agree the share movement follows a high-value block transaction and that Peak XV and Sequoia are part of the seller group, while they differ on the precise share count figures cited.
