Nykaa’s parent company, FSN E-Commerce Ventures, allotted 17,010 equity shares under its Employee Stock Option Plan (ESOP) on April 17, 2025. The shares, valued at Rs 32.24 lakh based on the closing price of Rs 189.55 per share, will rank equally with existing shares. This follows 1.01 lakh shares allotted in March 2025 and 90,500 shares in February.
Consistent ESOP Issuance in 2025
Nykaa has maintained a robust ESOP issuance pattern in FY25:
- January 2025: 56,750 shares
- February 2025: 90,500 shares (worth Rs 1.49 crore at Rs 165/share)
- March 2025: 1.01 lakh shares (Rs 1.7 crore at Rs 167.80/share)
The strategy aims to retain talent and align employee interests with shareholders.
Q3 FY25 Financial Highlights
Nykaa reported 26.7% YoY revenue growth (Rs 2,267.2 crore) and a 51% profit surge (Rs 26.4 crore) in Q3 FY25. Key drivers include:
- Beauty segment: Contributed 90.9% of revenue (Rs 2,060 crore)
- Fashion vertical: Grew to 8.8% of total revenue
Q4 FY25 Growth Projections
For Q4 FY25, Nykaa expects:
- Low-to-mid 20% YoY revenue growth
- GMV growth in low 30% range, outpacing industry benchmarks
This follows Rs 2,267 crore Q3 operating revenue and Rs 26 crore profit.
Strategic Acquisitions & Expansions
Nykaa is expanding through acquisitions:
- Dot & Key: Increased stake to 90% via Rs 265.3 crore investment
- Earth Rhythm: Acquired majority stake through primary/secondary deals
These moves strengthen its skincare and personal care offerings.
Market Performance
As of April 2025, Nykaa shares traded at Rs 192.40 (1.5% intraday gain), with a market cap exceeding Rs 47,976 crore. Analysts maintain “BUY” ratings, citing margin improvements in fashion and B2B segments.
Why ESOPs Matter
ESOPs help Nykaa attract top talent while sharing growth benefits with employees. With consistent quarterly performance and aggressive expansion, the company remains a dominant player in India’s beauty e-commerce sector.