Nykaa Allots Over 56K Shares Under ESOP Schemes

Beauty and fashion major Nykaa has allotted more than 56,000 equity shares to its eligible employees under various employee stock option plan (ESOP) schemes.

The company’s nomination and remuneration committee has approved “a total of 56,750 equity shares under Employee Stock Option Schemes of the Company,” as per its BSE filing.

These equity shares are allotted pursuant to the exercise of vested stock options by the employees under Employee Stock Option Schemes of the Company.

Nykaa’s shares were trading 3.44% lower at INR 166.60 during intraday on BSE today (January 20). rHowever, the stock recouped some of its losses later in the day and was trading at INR 170.95 at 1:54 PM. 

This development comes after brokerage firm InCred Equities  initiated coverage on beauty and fashion ecommerce major Nykaa’s parent company FSN E-Commerce Ventures Ltd with ‘reduce’ rating. 

Nykaa projected a strong performance in Q3 FY25 with consolidated net revenue growth likely to be higher than mid-twenties.

Nykaa’s consolidated net profit surged 66.3% to INR 12.97 Cr from INR 7.8 Cr in the year-ago period, as the beauty and personal care (BPC) vertical delivered strong growth. 

Nykaa has been seeing a host of activities for quite some time now.

For instance, in December in a major top-level reshuffle, Nykaa Fashion’s chief executive officer (CEO) Nihir Parikh quit the company

Similarly in November,  the company said that instead of focusing on 10-minute deliveries, the company is targeting a delivery window of 30 minutes to 2 hours for select, high-demand beauty products.

It also completed acquisition of a majority stake in D2C skincare and beauty brand Earth Rhythm.

In the same month the company allotted 1.80 Lakh equity shares to its employees under Employee Stock Option Plan (ESOP).