Beauty and fashion major Nykaa has allotted 1,01,350 equity shares under its employee stock option schemes (ESOP), according to a regulatory filing made by the company.
The equity shares have been issued pursuant to the exercise of vested stock options by employees under the ESOP schemes.
“The equity shares so allotted shall rank pari-passu with the existing equity shares of the company in all respects,” the company stated in its filing.
Following the announcement, Nykaa’s stock gained 1.97% in the trading session, closing at INR 168.15 per share on the BSE.
Based on the closing price, the newly allotted shares are valued at over INR 1.70 crore. The company’s market capitalization currently stands at INR 48,076.63 crore.
Recent ESOP Allotments & Leadership Changes
This development follows a series of ESOP-related share allotments by the Falguni Nayar-led company.
Three weeks ago, Nykaa had allotted 90,500 equity shares under similar ESOP schemes.
In January, it issued 56,750 equity shares as part of the initiative.
Strong Q3 FY25 Financial Performance & Expansion
Nykaa recently reported a 51% year-on-year (YoY) jump in its consolidated net profit for Q3 FY25, reaching INR 26.4 crore compared to INR 17.5 crore in the same period last year.
Revenue from operations grew 26.7% YoY, climbing to INR 2,267.2 crore from INR 1,788.8 crore in Q3 FY24.
With quick commerce gaining traction in India, Nykaa has been working on launching 10-minute deliveries for select stock-keeping units (SKUs) in a few cities, further strengthening its competitive positioning in the beauty and personal care segment.
