Nykaa Allots 1.80 Lakh Equity Shares Under ESOP

Share via:


Beauty and fashion ecommerce major Nykaa has allotted 1.80 Lakh equity shares to its employees under Employee Stock Option Plan (ESOP).

This comes on the back of the startup posting a 66.3% jump in its consolidated net profit in the second quarter of FY25 to INR 12.97 Cr from INR 7.8 Cr in the year-ago period.

“…The equity shares so allotted, shall rank pari-passu with the existing equity shares of the Company in all respects,” the company said in a filing.

However, it has not disclosed the change in its paid-up capital. 

It is pertinent to note that Nykaa spent INR 161.49 Cr in Q2 FY25 as a part of Employee Benefit Expense. This number is up by 18.5% from INR 136.32 Cr it spent last year.

Post the financial results announcement , brokerage firm JM Financial has given a “buy” recommendation for the ecommerce giant with a price target of INR 250.

As per the brokerage firm, the startup has overcome “unfavourable demand environment” and delivered growth.

However, brokerage firm Bernstein gave a “market-perform” rating for the startup, highlighting an 8.6% decline in the company’s EBIDTA margin. It set a target price of INR 165.

Nykaa’s revenue from operations jumped 24.4% to INR 1,874.74 Cr during the September quarter of FY25 from INR 1,746.11 Cr in Q2 FY24. On a quarter-on-quarter (QoQ) basis, revenue increased 7.2% from INR 1,753.44 Cr. 

While the beauty and personal care (BPC) segment showcased a 24.3% YoY jump in its revenue to INR 1,702.89 Cr, the fashion vertical continued to lag behind. However, this segment posted 21.7% revenue surge YoY to INR 166.10 Cr in Q2 FY25.

The overall expenses of the startup rose by 23.7% year-on-year (YoY) and 7.3% QoQ to INR 1,858.93 Cr. The company majorly spent on purchase of traded goods, employee benefit expenses and marketing.

The shares of Nykaa ended today’s trading session at INR 172.10 apiece on the BSE, 3.12% lower than the previous close of INR 177.65.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Nykaa Allots 1.80 Lakh Equity Shares Under ESOP


Beauty and fashion ecommerce major Nykaa has allotted 1.80 Lakh equity shares to its employees under Employee Stock Option Plan (ESOP).

This comes on the back of the startup posting a 66.3% jump in its consolidated net profit in the second quarter of FY25 to INR 12.97 Cr from INR 7.8 Cr in the year-ago period.

“…The equity shares so allotted, shall rank pari-passu with the existing equity shares of the Company in all respects,” the company said in a filing.

However, it has not disclosed the change in its paid-up capital. 

It is pertinent to note that Nykaa spent INR 161.49 Cr in Q2 FY25 as a part of Employee Benefit Expense. This number is up by 18.5% from INR 136.32 Cr it spent last year.

Post the financial results announcement , brokerage firm JM Financial has given a “buy” recommendation for the ecommerce giant with a price target of INR 250.

As per the brokerage firm, the startup has overcome “unfavourable demand environment” and delivered growth.

However, brokerage firm Bernstein gave a “market-perform” rating for the startup, highlighting an 8.6% decline in the company’s EBIDTA margin. It set a target price of INR 165.

Nykaa’s revenue from operations jumped 24.4% to INR 1,874.74 Cr during the September quarter of FY25 from INR 1,746.11 Cr in Q2 FY24. On a quarter-on-quarter (QoQ) basis, revenue increased 7.2% from INR 1,753.44 Cr. 

While the beauty and personal care (BPC) segment showcased a 24.3% YoY jump in its revenue to INR 1,702.89 Cr, the fashion vertical continued to lag behind. However, this segment posted 21.7% revenue surge YoY to INR 166.10 Cr in Q2 FY25.

The overall expenses of the startup rose by 23.7% year-on-year (YoY) and 7.3% QoQ to INR 1,858.93 Cr. The company majorly spent on purchase of traded goods, employee benefit expenses and marketing.

The shares of Nykaa ended today’s trading session at INR 172.10 apiece on the BSE, 3.12% lower than the previous close of INR 177.65.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

ChatGPT can now read some of your Mac’s desktop...

OpenAI’s ChatGPT is starting to work with other...

EU AI Act: Draft guidance for general purpose AIs...

A first draft of a Code of Practice...

Zomato To Launch INR 8,500 Cr QIP In December

SUMMARY The company has selected investment bank Morgan Stanley...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!