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Mamaearth parent company Honasa grants ESOPs worth Rs 57 Crore

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Sumit Vishwakarma
New Update
Honasa

Mamaearth co-founders Varun Alagh Ghazal Alagh

Honasa Consumer, the parent company of Mamaearth, said that it has granted 24.61 lakh stock options under its Employee Stock Options Plan (ESOP)– 2018.

The company values the grant at around Rs 57 crore, based on Thursday's opening share price of Rs 232 on the National Stock Exchange (NSE). Each option carries an exercise price of Rs 10 and will convert into one equity share upon vesting.

Grant details and vesting schedule

The Nomination and Remuneration Committee, through a circular resolution on April 2, approved the stock options for eligible employees. Honasa Consumer said that the options will vest over five years, tied to both the employees' tenure and the company's performance. 

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Once vested, each option holder can acquire an equal number of shares by paying the exercise price and any applicable taxes. Honasa Consumer administers its ESOP plan through this committee, which decides the vesting structure and performance milestones that employees must meet.

Company performance and recent financials

The personal care products maker, which also operates brands such as The Derma Co., Aqualogica, BBlunt and Dr. Sheth’s, reported revenue from operations of Rs 517.5 crore in the third quarter of FY25. This marked a 5.9% year-on-year increase from Rs 488.2 crore in the same period a year earlier.

Honasa Consumer posted a net profit of Rs 26 crore, which was mostly unchanged from last year but represented a strong comeback from a loss of Rs 24.3 crore in the second quarter.

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