Highlights
Nykaa, the beauty and personal care marketplace, has distributed 90,500 equity shares as part of the company’s Employee Stock Option (ESOP) Scheme. The total value of the allotted ESOPs amounts to Rs 1.49 crore, calculated using the company’s opening price of Rs 165 per share on the NSE this past Monday.
According to a regulatory filing, Nykaa noted that “the allotted equity shares shall rank pari-passu with the existing equity shares of the company in all respects.” In November 2023, the company allocated 1.80 lakh equity shares under its Employee Stock Option Scheme. Prior to this, in October 2024, the allotment involved 3.08 lakh equity shares under ESOP. This brings the total allotment for the December quarter to approximately 4.8 lakh shares.
Nykaa’s Impressive Revenue Growth
For the third quarter of FY25, Nykaa reported a significant increase in revenue from operations, climbing to Rs 2,267 crore compared to Rs 1,789 crore in the same quarter of FY24. The beauty segment was the largest contributor, making up 90.9% of the total revenue at Rs 2,060 crore, while the fashion segment represented 8.8% of the operating income.
Profit Surge in Q3 FY25
Thanks to steady business growth, Nykaa experienced a remarkable 51.7% rise in profit, reaching Rs 26.4 crore in Q3 FY25, up from Rs 17.4 crore during Q3 FY24.
Strategic Acquisitions by Nykaa
In a strategic move, Nykaa acquired a majority stake in Earth Rhythm after initially starting as a minority stakeholder in 2022. This acquisition was made possible through a combination of primary and secondary transactions. Furthermore, Nykaa increased its ownership in its subsidiary, Dot & Key, to 90%, following an investment of Rs 265.3 crore.
