Nykaa Continues ESOP Drive with Fresh Allocation of 17,010 Shares

Beauty and fashion major Nykaa’s parent company, FSN E-Commerce Ventures, has allotted 17,010 equity shares under its employee stock option schemes (ESOP), the company said in its exchange filing on Monday. These equity shares have been allotted following the exercise of vested stock options by employees under the company’s employee stock option schemes.

“The Equity Shares so allotted shall rank pari-passu with the existing Equity Shares of the Company in all respects. This intimation is being submitted pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,” the filing read.

Based on the stock’s closing price Rs 189.55 on Thursday (April 17), the newly allotted equity shares are valued at approximately Rs 32.24 crore. As of 12.18 pm, Nykaa shares were trading 1.5% higher at Rs 192.40 on the BSE.

Nykaa has been consistently granting ESOPs to its employees in recent months. The company allotted 90,500 shares in February and over 56,000 shares in January. This comes a month after the company allocated 1,01,350 equity shares under its ESOP schemes.

Nykaa's Q3 Results

Nykaa posted about 51% increase in consolidated net profit to Rs 26.41 crore in the December quarter, the company had said in a regulatory filing. The company had posted net profit of Rs 17.45 crore in the same period a year ago.

Nykaa's consolidated revenue from operations rose about 27% to Rs 2,267.21 crore during the reported quarter from Rs 1,788.8 crore a year ago. Consolidated gross merchandise value of Nykaa grew 25% year-on-year to Rs 45,27.9 crore.

The company said its beauty vertical grew 32% year-on-year reaching GMV of Rs 3,389.9 crore during the reported quarter. It's fashion vertical witnessed 21% year-on-year revenue growth with GMV rise of 8% YoY.

The company now has 221 physical stores across 73 cities, of which over 47 stores were added in the last one year.