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Honasa Consumer Poised for Historic Dividend
11 May
Summary
- Honasa Consumer's board will consider recommending a final dividend on May 21.
- This would mark the first dividend payout by a new-age company.
- Honasa Consumer shares have rallied 53% in the past year.
Honasa Consumer's board is scheduled to meet on May 21 to consider recommending a final dividend. This potential payout would be a landmark event, making Mamaearth's parent company the first among contemporary new-age firms to offer a dividend to its shareholders. This decision is subject to shareholder approval at the upcoming Annual General Meeting.
As of the current date, other new-age companies like Nykaa, Zomato, Paytm, and Ola Electric have not announced similar dividend rewards. Honasa Consumer shares, which debuted in November 2023, have shown a remarkable recovery, surging 53% in the past year to reach a fresh 52-week high. The company anticipates a steady performance for the January-March quarter, with adjusted revenue growth projected in the late twenties.
