Fashion ecommerce giant Nykaa allots 90,500 shares under ESOP scheme

Beauty and personal care marketplace Nykaa has allotted 90,500 equity shares under its Employee Stock Option (ESOP) Scheme, strengthening its efforts to reward and retain employees.

The latest allotment is valued at around Rs 1.49 crore based on the company’s opening share price of Rs 165 on the National Stock Exchange (NSE).

Details of the allotment  

In a regulatory filing, the company said these equity shares will rank pari-passu with existing shares in all respects. This move follows previous ESOP allotments by Nykaa in November 2023 and October 2024, bringing the total allotment in the December quarter to around 4.8 lakh shares.

Nykaa's Q3FY25 growth  

Nykaa, led by founder and CEO Falguni Nayar, reported a 27% year-on-year increase in operating revenue in the third quarter of FY25, rising to Rs 2,267 crore from Rs 1,788 crore in the same period a year earlier.

Its profit also grew to nearly Rs 26 crore, marking an improvement of more than 50% compared to the previous year’s figure of around Rs 17 crore.

According to earlier filings, the beauty segment contributed over 90% of Nykaa’s total revenue, while the fashion segment made up almost 9%.

Focus on growth and acquisitions  

Nykaa has been expanding through acquisitions and strategic investments. It acquired a majority stake in Earth Rhythm after initially investing as a minority shareholder in 2022, using a mix of primary and secondary transactions.

The company also increased its stake in Dot & Key to 90% by investing Rs 265.3 crore, reflecting its aim to strengthen offerings in the skincare and personal care segments.