Shares of Honasa Consumer surged over 7% following a previous 10% upper circuit limit, recovering from a significant drop below its IPO price earlier this month. Despite this rebound, concerns linger over a slowdown in consumption growth, as the company reported its first quarterly loss since listing, with a net loss of Rs 18.5 crore for the September quarter. The market capitalization remains below $1 billion, reflecting a 40% decline in the past month and over 50% in three months.