Latest news with #FSNECommerceVentures
Reuters
6 days ago
- Business
- Reuters
India's Nykaa posts two-fold rise in quarterly profit on beauty products demand
Aug 12 (Reuters) - FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa, posted a quarterly profit on Tuesday that more than doubled, benefiting from new brand tie-ups and steady demand for makeup and skincare. The company, which retails an array of brands such as Estee Lauder (EL.N), opens new tab and actor Katrina Kaif's Kay Beauty both online and offline, said profit rose to 233.2 million rupees ($2.66 million) for the first quarter ended June 30, from 96.4 million rupees a year ago. Indians, especially the affluent, have not shied away from spending on skincare and cosmetics — a category that outperforms others even during a consumption slowdown — helping prop up the $28-billion beauty and personal care industry in India. Nykaa added brands such as luxury offering Chanel, Korean skincare label Aestura and sunscreen maker Supergoop to its product line-up, lifting revenue in its beauty business 24% to 19.75 billion rupees. The growth was driven by a focus on reaching more customers across online and offline stores and offering higher-end products, Nykaa said. That, coupled with a 15% rise in its fashion business, which sells apparel and accessories from brands such as Victoria's Secret and Titan's ( opens new tab Mia, pushed overall revenue up 23% at 21.55 billion rupees. ($1 = 87.7080 Indian rupees)
Entrepreneur
25-06-2025
- Business
- Entrepreneur
Nykaa Allots Over 5 Lakh Equity Shares to Employees Under ESOP
Based on the company's share price of INR 197.3 on the National Stock Exchange (NSE), the total value of this allotment is estimated at around INR 10.33 crore. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Beauty and personal care retailer Nykaa has allotted 5.23 lakh equity shares to its employees as part of its Employee Stock Option Scheme (ESOP). The move was disclosed in a stock exchange filing on Monday. The newly issued shares will hold the same rights and status as the existing ones. Based on the company's share price of INR 197.3 on the National Stock Exchange (NSE), the total value of this allotment is estimated at around INR 10.33 crore. Nykaa, owned by FSN E-Commerce Ventures, has made several similar allotments this year, continuing its strategy of offering stock options to employees. In February, it allotted 90,500 shares valued at approximately INR 1.49 crore. Another allotment followed in April, with 17,010 shares worth about INR 32.2 lakh. The company has also made notable allotments in the past. In November 2024, it allotted 1.80 lakh equity shares, while in October 2024, it granted 3.08 lakh shares. Combined, these contributed to a total of around 4.8 lakh shares in the December 2024 quarter. Stock options like these are commonly used by modern companies to attract, retain, and motivate employees by offering them a share in the company's future growth. Nykaa continues to strengthen its talent base through such initiatives.
