Fashion ecommerce giant Nykaa allots shares worth Rs 32.3 lakh under ESOP schemes

Beauty and fashion retailer Nykaa, run by FSN E-Commerce Ventures Ltd., has allotted 17,010 equity shares to staff under its employee stock-option schemes, its second ESOP issue of 2025. 

At Thursday's closing price of Rs 189.55 on the BSE, the fresh block is worth about Rs 32.3 lakh and will “rank pari passu with the existing equity shares of the company in all respects,” the board’s filing said.

The latest grant follows the 1,01,350 options exercised in March and the 90,500 shares issued in February. Taken together with January’s 56,000‑plus options, Nykaa has already handed employees a little over 2.1 lakh shares this year.

4.8 lakh ESOPs in the December quarter

In the previous fiscal, the company issued roughly 4.8 lakh ESOP shares in the December quarter alone, showing a pattern of regular stock incentives designed to retain talent in India’s fast‑moving beauty and fashion market.

Nykaa said stock options are central to “attracting and retaining top talent” because they give workers a direct stake in the company’s growth.

Financial growth

Away from equity issuance, the Mumbai‑based omnichannel retailer told investors this month that consolidated revenue for the fourth quarter of FY25 should rise in the "low-to-mid-20%" range from a year earlier, keeping full‑year revenue growth in the mid‑20s.

Gross merchandise value is projected to expand by about 30%, well ahead of industry averages, while third‑quarter net profit jumped 51% to Rs 26.4 crore on revenue of Rs 2,267.2 crore.