Beauty and fashion major Nykaa’s parent FSN E-Commerce Ventures has allotted 17,010 equity shares under its employee stock option schemes (ESOP).
In an exchange filing today, Nykaa said that the equity shares have been allotted pursuant to the exercise of vested stock options by the employees under the employee stock option schemes of the company
“The equity shares so allotted, shall rank pari-passu with the existing equity shares of the company in all respects,” the filing said.
As per the stock’s closing price of INR 189.55 apiece on Thursday (April 17), the newly allotted equity shares are worth INR 32.24 Cr.
Shares of Nykaa were trading 1.5% higher at INR 192.40 apiece on the BSE, as of 12:18 PM.
The allotment comes only a month after the company allocated 1,01,350 equity shares under its ESOP schemes.
Nykaa has been announcing ESOPs to its employees in the past few months. The company allotted 90.5K shares in February and over 56K shares in January.
On the financial front, the omnichannel beauty retailer said it witnessed a continued growth momentum in the fourth quarter of FY25 with consolidated net revenue growth expected to be in the low to mid-20% range year-on-year, earlier this month.
This would result in the company’s full-year revenue growth also in the mid-20s, reflecting consistent performance across all quarters of the fiscal year.
Further, the company’s gross merchandise value (GMV) is projected to be in the low 30% range significantly ahead of industry benchmarks.
Nykaa reported a surge of 51% in its consolidated net profit to INR 26.4 Cr in the third quarter of the financial year 2024-25 from INR 17.5 Cr in the year-ago period.
Meanwhile, revenue from operations jumped 26.74% to INR 2,267.2 Cr in the reported quarter from INR 1,788.8 Cr in Q3 FY24.
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