Q3 results impact: Mamaearth-parent hits over 7-month high after profit jumps 93%; SpiceJet falls 6.5% on posting loss

Shares rise in trade.

• Honasa Consumer Q3 FY26 profit rises 93% to Rs 50.2 crore.
• Honasa shares reach highest level since June 2025 after strong results.
• SpiceJet posts Rs 269 crore loss, shares fall to 52-week low.

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Shares of Honasa Consumer rose over 6 percent in Friday’s trade, touching their highest level since June 2025, after the company reported a 93 percent jump in consolidated profit to Rs 50.2 crore for the December quarter of FY26. The company had posted a profit of Rs 26 crore in the year-ago period.

The stock opened with a gap-up of around 4 percent and has been advancing for the last two sessions.

Revenue from operations increased 16.23 percent to Rs 601.54 crore in the quarter, compared with Rs 517.51 crore in the corresponding period a year ago. The company said the third-quarter revenue was its highest-ever quarterly revenue.

Brokerages gave mixed views following the results. HSBC said cost control and optimisation of advertising spend strengthened margins and raised the target price to Rs 260 from Rs 242 while maintaining a “reduce” rating. CLSA raised the target price to Rs 384 from Rs 350 and retained an “outperform” rating, saying the company can continue double-digit growth in Mamaearth while scaling up newer brands.

Meanwhile, shares of SpiceJet fell sharply and hit a fresh 52-week low in Friday’s session.

The stock declined about 6.5 percent during the day after opening nearly 3 percent lower, and had earlier dropped to Rs 17.15 per share, down around 16 percent.

The airline on Thursday reported a loss before tax of Rs 269.27 crore for the three months ended December 2025 against a profit of Rs 24.97 crore in the year-ago period, according to standalone financial results filed with the BSE.

Total income declined to Rs 1,522.81 crore in the third quarter from Rs 1,650.67 crore a year earlier.

In a statement, the airline said higher expenses due to grounded fleet costs, increase in aviation turbine fuel prices, rupee depreciation and the one-time impact of new labour laws affected the quarterly performance.

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