Fashion Ecommerce Giant Nykaa allots shares worth Rs 32 lakh

Beauty and personal care marketplace nykaa announced on Sunday that it has given 17,010 shares to employees under its stock option plan—its second allotment this year.

"The Equity Shares so allotted, shall rank pari-passu with the existing Equity Shares of the Company in all respect," the filing said.

At Nykaa’s opening price of Rs 190 per share, this allotment is valued at over Rs 32.3 lakh. 

ESOPs (Employee Stock Option Plans) are used by companies to reward and retain talent by giving employees a chance to benefit from the company’s growth.

Read also- Construction Tech Startup MatBook Raises $750K In Pre-Seed Round

In February, Nykaa gave out 90,500 shares under its ESOP plan, worth about Rs 1.49 crore. In November last year, it gave 1.8 lakh shares and in October 2024, another 3.08 lakh—totaling about 4.8 lakh shares in the December quarter.

Earlier in 2024, its parent company, FSN E-commerce Ventures also gave 4.73 lakh shares in June, 1.73 lakh in July and 4.05 lakh in May.

Meanwhile, this month, mamaearth’s parent company Honasa Consumer granted 24.16 lakh stock options under its 2018 ESOP plan worth about ₹57 crore.

Nykaa’s net profit grew by 51% to Rs 26.4 crore in Q3 FY25 up from Rs 17.5 crore a year ago. Its revenue also rose by 26.7% to Rs 2,267.2 crore, compared to Rs 1,788.8 crore in Q3 FY24.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.