Shares of Honasa Consumer changed hands in a block deal worth approximately ₹643 crore, with Franklin Templeton Mutual Fund and ICICI Prudential Life Insurance among the buyers. Peak XV Partners Investments VI was the seller in the transaction.
Franklin Templeton Mutual Fund purchased 33,33,333 shares, representing a 1 per cent stake, at ₹450 apiece. ICICI Prudential Life Insurance acquired 17,77,777 shares, equivalent to 0.6 per cent, at the same price. Aditya Birla Sun Life Mutual Fund and Norges were also cited as buyers in the deal.
Peak XV Partners Investments VI sold 1,07,55,495 shares, or 3.3 per cent of Honasa, at ₹450.20 apiece. The transaction involved a total of approximately 1.59 crore shares across the disclosed trades.
The participation of domestic institutional investors comes as Honasa continues to expand its distribution network across offline retail channels. In a research note, HDFC Securities highlighted the company’s focus on improving outlet productivity and expanding its direct distribution reach. The brokerage noted that Honasa currently reaches around 1.2 lakh outlets directly and is targeting an expansion to 3 lakh outlets over the next three years.
HDFC Securities estimated revenue growth of 25 per cent for the September quarter of FY27, with an operating profit margin of around 12 per cent. These are brokerage estimates and not company guidance.
On October 1, Honasa shares were trading at ₹418.15 on the NSE, down 3.06 per cent from the previous close of ₹431.35, as of 1.35 pm. The stock has gained 45.91 per cent over the past year.
Published on October 1, 2026
