The How Now Stakes is a Group 3 race run under Set Weights and Penalty conditions for four year old and up mares at Caulfield conducted by the Melbourne Racing Club.

The How Now Stakes is run over 1200m. It was first run in 1999 and was won by Snippets' Lass.

The How Now Stakes has always been run at Caulfield. The race has only been run at the 1200m from the Caulfield dog-leg start.

The race is named after the mare who won the 1976 Underwood Stakes.

The How Now Stakes was a Listed race until 2005 then Group 3 thereafter.

Some recent winners would go on to win G1 races in the season of their How Now win.

The How Now Stakes was worth $200,000 in 2023.

Notable winners of the How Now Stakes include Winter Bride (2018), Secret Agenda (2016), Politeness (2015), Catkins (2013), Sister Madly (2011), Velocitea (2009), Queen Of The Hill (2006), Lovely Jubly (2003), Miss Power Bird (2001) and Piavonic (2000).

The 2023 How Now Stakes was won by Rose Quartz from Ghaanati and She Dances.