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Shares of Honasa Consumer, the parent company of Mamaearth, rallied 6% to their day’s high of Rs 438 on the BSE as investors cheered the company’s revenue target of Rs 5,500 by the financial year 2031.The company's revenue outlook implies a CAGR of about 18% between FY26 and FY31. Mamaearth is expected to remain the key growth driver, with revenue crossing Rs 2,000 crore by FY31, while The Derma Co is projected to contribute nearly Rs 1,500 crore during the same period. Further, the company plans at least two more Rs 500 crore revenue-generating brands across the portfolio, it said in an investor presentation. It owns brands such as Aqualoga, BBlunt, Dr Sheth’s, and Reginald Men. Honasa plans to expand EBITDA margins to 15% by unlocking a 500-basis-point improvement through a stronger presence in higher-margin channels and categories, alongside benefits from scale and operating efficiencies. The company's direct outlet network is targeted to grow from around 1.2 lakh outlets currently to 3 lakh outlets by FY31. A greater mix of general trade, modern trade, and quick commerce is also expected to support margin expansion.Honasa aims to become the national market leader in at least two skincare categories, while securing a top-three market share position in at least two additional categories. Following the development, Goldman Sachs raised the target price of Rs 400, which the company has already surpassed. The international brokerage has maintained a Neutral rating on the counter. Reflecting faster profitability improvement, the brokerage has raised its FY27-FY29 earnings estimates by 1-4%. However, Goldman Sachs believes the stock's risk-reward remains balanced at current valuations.Honasa Q4 snapshotThe company reported a whopping 177% year-on-year (YoY) jump in consolidated net profit to Rs 69 crore for the fourth quarter of the financial year 2026, from Rs 25 crore in the year-ago period. Honasa’s revenue from operations, meanwhile, jumped over 23% YoY to Rs 657 crore during Q4 of FY26, compared to the Rs 533 crore revenue reported in the corresponding quarter of FY25. Honasa shares have risen 64% in the last six months and about 50% in 2026. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Man Robbed Of Rs 1.5 Crore Cash At Gunpoint In Delhi: Cops

A case has been registered at the Sarai Rohilla police station, the police said. (Representational)

The Hindu National

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Why Census 2027 matters for development, democracy and representation

Census 2027, the world’s largest count of people within a national geography, is an overdue exercise with far-reaching implications; an accurate and comprehensive count will ensure that no one is left behind and that policies, entitlements, and resources are guided by reliable data

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Meenakshi Natarajan Row And Congress' Article 324 Demand. What It Is

The Election Commission is examining the Congress representation.

12 Killed, 9 Injured In Mass Shooting In South Africa's Johannesburg

The motive for the attack is not known. (Representational image)

The Economic Times (India)

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Sushmita Dev resigns from Rajya Sabha

Trinamool Congress MP Sushmita Dev on Wednesday resigned from the Rajya Sabha, becoming the second member of the party's parliamentary wing to quit within a week and deepening the crisis confronting the Mamata Banerjee-led outfit.In a brief letter addressed to Rajya Sabha Chairman C.P. Radhakrishnan, Dev said she was resigning from the membership of the Upper House and requested that her resignation be accepted immediately. An ANI report showed her citing personal and political reasons for the same. While, a PTI post on X showed that Dev said "What prompted me to this decision is a very long story and in politics, I don't think that everything needs to be revealed. However, I feel that I don't want to be in two boats."— PTI_News (@PTI_News) Dev's resignation comes days after veteran TMC leader and Rajya Sabha MP Sukhendu Shekhar Ray stepped down from both the party and the Upper House, citing concerns over corruption, governance and the handling of the RG Kar hospital rape-murder case.— ANI (@ANI) The back-to-back exits have added to the challenges facing the TMC leadership after an unprecedented revolt in its legislative wing in West Bengal. As many as 61 TMC MLAs backed rebel leader Ritabrata Banerjee for the post of Leader of the Opposition, rejecting the party's official nominee and exposing deep divisions within the organisation following its defeat in the state assembly elections.Dev's resignation marks a setback, as she was among its prominent national faces. A former Congress MP from Assam's Silchar constituency, Dev joined the Trinamool Congress in 2021 after leaving the Congress following her defeat in the 2019 Lok Sabha elections. She subsequently emerged as one of the party's national spokespersons and was later elected to the Rajya Sabha.Ray's departure had already sparked concerns that the unrest witnessed in the TMC's legislative wing could spread to its representation in Parliament. In announcing his resignation earlier this week, Ray alleged that corruption had become pervasive within the party and claimed that dissenting voices were being marginalised.The latest resignation is expected to further deepen concerns within the TMC leadership about maintaining unity at a time when the party is grappling with both organisational and electoral setbacks.

The Economic Times (India)

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Afcons Infra shares soar over 9% on Rs 5,301 cr order to build world’s second-largest breakwater

Shares of Afcons Infrastructure rallied as much as 9.4% to their day’s high of Rs 346.30 on the BSE on Wednesday after the company announced that it had received a letter of award from Vadhvan Port Project Ltd (VPPL) for the construction of a 10.14-km breakwater at the upcoming Vadhvan Port in Maharashtra.According to the company, the contract is valued at Rs 5,301 crore. Upon completion, the structure is expected to become the second-longest breakwater in the world. The project involves the construction of a 10.14-km-long breakwater as part of the Vadhvan Port development. Afcons said it received the Letter of Award on June 10.In a regulatory communication, the company highlighted its experience in executing marine infrastructure projects in India and overseas. Afcons has undertaken several marine projects internationally, including the Bulk Jetty at Port of Sohar in Oman, the New Owendo International Port in Gabon, and the Sulphur Jetty project in Kuwait.The company stated that the Bulk Jetty at Port of Sohar is located at one of the world's deepest ports. It also noted that the New Owendo International Port in Gabon was completed in 18 months and was recognised as the fastest completed port project in West Africa. The Sulphur Jetty project in Kuwait involved the execution of an EPC berth facility, including trestles, equipment and structural works.Afcons further said that it has been ranked by Engineering News-Record (ENR), USA, as the world's eighth-largest marine and port facilities contractor.The Vadhvan Port project is envisaged as India's largest public port and one of the world's largest container ports. According to the company, the port is expected to have a handling capacity of 23.2 million TEUs.Afcons Infra Q4 Afcons reported a net loss of Rs 89 crore in the fourth quarter of FY26 against a profit after tax of Rs 111 crore in the same period last year. The company said net profit was impacted by macroeconomic uncertainties and certain one-time factors.The company’s revenue from operations also dipped by 18% to Rs 2,777 crore from Rs 3,387 crore posted in the corresponding quarter of the previous fiscal year, Afcons said in its investor presentation.EBITDA came in at Rs 170 crore, marking a 59% drop from Rs 415 crore posted in the year-ago period. Margins also witnessed a sharp fall, down 6.1% from 12.2% in Q4FY25. For the full year, the company’s order book stood at Rs 32,496 crore, ‘ensuring visibility on its future revenue and profitability’, it said. Despite Wednesday’s surge, Afcons’ share price is down 12% in 2026 and about 23% in the last 1 year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Gurugram Man Held Hostage Over Old Dispute, 4 Friends Arrested: Cops

The accused were produced in a court and sent to judicial custody, police said. (Representational)

NDA to revive delimitation push, may look beyond allies

The BJP-led NDA seeks support for the delimitation bill, crucial for women's quotas, amid political shifts and concerns over state representation.

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Girl, 16, Raped By 5 Youths In Haryana's Nuh: Cops

All the accused will be arrested soon," said a senior police officer. (Representational)

The Hindu National

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TDP RS nominee questions Jagan’s record on women’s representation

Sana Satish says YSRCP did not nominate a single woman to the Rajya Sabha during its five-year tenure; cites TDP’s promise of 33% representation for women

News18 (India)

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'Graceful Choice': Priyanka Chaturvedi Backs Deve Gowda's Retirement, Calls For More Youth In Politics

Priyanka Chaturvedi said senior politicians retiring should be seen as a dignified transition, arguing that India's legislatures need greater youth representation.

The Times of India

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Amid 'Peddi' controversy, Kangana Ranaut says, 'Women are objectified even if you go to local train'

In response to the 'Peddi' controversy, Kangana Ranaut highlighted the film industry's historical bias against women, pointing out that the objectification of women transcends cinema, reflecting broader societal challenges. While acknowledging past missteps in representation, she urged audiences to approach the topic with discernment, reminding them that sensuality and sexuality can serve as powerful artistic expressions. Read on to know more in detail.

UP Man Accuses Wife Of Killing 7-Month-Old Son Over Affair: Cops

Police said investigation into the matter is underway based on the father's complaint. (Representational)

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6.1-Magnitude Earthquake Hits Cuba, Tremors Felt in Florida

The tremors was also felt as far away as Florida. (Representational)

Dalit Teen Beaten To Death Over Inter-Caste Friendship In Uttarakhand: Cops

The police had detained for questioning one of the accused. (Representational)

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'No Right To Breathe Freely': Afghan Women Detained In Clothing Crackdown

A woman said those detained were fully covered. (Representational)

Vijay Not Invited, Stalin To Boycott: No Tamil Nadu Representation At INDIA Bloc Meet

INDIA bloc meet: While the DMK will skip the meeting following electoral strains and has actively launched verbal attacks against the Congress, Vijay’s TVK has not been invited

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The Economic Times (India)

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