** Shares of Bubs Australia rise as much as 18.2% to A$0.130, on track to post their best day since July 5, if gains hold
** Stock hits highest level since Jan. 15
** Co's group gross revenue rises 79.7% for Q2
** Says co on track to exceed FY24 net revenue forecast of A$80 mln ($52.78 mln)
** Says co remain firmly on track to achieve their guidance for FY24
** Says co remains confident it will be cash flow positive with positive trading EBITDA in FY25
** About 11.7 mln shares change hand compared to 30-day average trading volume of 1.8 mln shares
** Stock down 15.4% YTD as of last close
($1 = 1.5156 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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