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Honasa Consumer grants ESOPs worth Rs 1.6 Cr

YourStory

YourStory · 1m ago

Honasa Consumer grants ESOPs worth Rs 1.6 Cr

Honasa Consumer, the parent company of Mamaearth, has approved the grant of 53,322 stock options, valued at Rs 1.6 crore based on current trading prices, to eligible employees under its 2018 ESOP plan. Each option is convertible into an equity share at Rs 10 per share. The company also appointed Yatish Bhargava as the new Chief Business Officer to enhance sales and growth. This move follows an earlier grant of 24.16 lakh stock options in April.

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Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

YourStory

YourStory · 4m ago

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

Honasa Consumer, the parent of Mamaearth, granted 24.16 lakh stock options worth Rs 57 crore under its ESOP-2018. The options vest over five years based on tenure and performance. In Q3 FY25, Honasa's revenue grew 5.9% YoY to Rs 517.5 crore, while net profit remained flat at Rs 26 crore. Separately, Zomato (now Eternal) and Delhivery also made significant ESOP grants, signifying a trend in rewarding employees amidst operational growth.

Mamaearth parent Honasa Consumer grants 53,322 stock options to employees

IndianStartupNews

IndianStartupNews · 1m ago

Mamaearth parent Honasa Consumer grants 53,322 stock options to employees

Honasa Consumer Limited, the parent company of Mamaearth, has granted 53,322 stock options to employees under its existing equity incentive plan. Each option, part of the Employee Stock Option Plan 2018, is convertible into one equity share with a face value of Rs 10. The grants are in accordance with SEBI’s regulations, with a total estimated value of Rs 1.6 crore. This move follows previous stock incentives and comes amid leadership changes at the company.

Swiggy grants 1.28 Cr options under ESOPs

YourStory

YourStory · 3m ago

Swiggy grants 1.28 Cr options under ESOPs

Swiggy announced the granting of 1.28 crore options under its Employee Stock Option Scheme 2024, valued at Rs 440 crore, marking its first grant since its public debut. ESOPs serve as a tool for employee retention and attraction, allowing employees to partake in company growth. This follows prior ESOP allotments by Swiggy valued at Rs 1,153 crore earlier in the year. Recent ESOP activities by other companies like Nykaa and Honasa Consumer were also highlighted.

Mamaearth parent dismisses distributors’ claim of Rs 300-cr unsold inventory as ‘misinformation’

Economic Times

Economic Times · 8m ago

Mamaearth parent dismisses distributors’ claim of Rs 300-cr unsold inventory as ‘misinformation’

Honasa Consumer, the parent company of Mamaearth, has denied allegations made by the All India Consumer Products Distributors Federation (AICPDF) regarding large unsold inventory. The AICPDF had claimed that near-expiry inventory caused a financial burden of Rs 300 crore for distributors, but Honasa Consumer stated that the total inventory in the distribution value-chain was Rs 40.69 crore. Mamaearth has undergone a restructuring in its general trade strategy, leading to a net loss of Rs 19 crore and a drop in operating revenue in the September quarter. This has resulted in a significant decline in Honasa Consumer's stock.

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Inc42 · 1y ago

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Honasa Consumer Ltd, the parent company of direct-to-consumer brands Mamaearth and The Derma Co, witnessed a block deal resulting in the exchange of around 2% stake or 62.90 lakh shares. The deal, worth INR 238 crore, occurred after market opening, causing the company's shares to trade at INR 379 apiece on the BSE, down 1% from the previous day's closing price. This follows reports of venture capital firm Fireside Ventures planning to offload a 1.9% stake in Honasa Consumer.

Mamaearth shares worth ₹230 cr could be sold by Fireside Ventures

Money Control

Money Control · 1y ago

Mamaearth shares worth ₹230 cr could be sold by Fireside Ventures

Fireside Ventures is likely to sell 61 lakh shares worth over ₹230 crore of Mamaearth-parent Honasa Consumer tomorrow in a block deal, CNBC Awaaz reported. Shares, equivalent to a 1.9% stake in the company, will reportedly have a floor price in the range of ₹368.7-₹384.1. Honasa made its stock market debut last month at a price of ₹330 per share.

Mamaearth parent to launch its IPO on October 31; to raise Rs 1,700Cr

IndianStartupNews

IndianStartupNews · 1y ago

Mamaearth parent to launch its IPO on October 31; to raise Rs 1,700Cr

Mamaearth parent company, Honasa Consumer, is set to launch its IPO on October 31. The company aims to raise approximately Rs 1,700 crore, targeting a valuation of around Rs 10,500 crore. The IPO will include a fresh issue of shares worth Rs 400 crore and an Offer for Sale (OFS) of up to 46.80 million equity shares. Honasa Consumer owns brands like Mamaearth, The Derma Co, Aqualogica, and Ayuga, and recently acquired stakes in BBlunt and content platform Momspresso. Mamaearth's revenue doubled to Rs 943 crore in FY22.

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

YourStory

YourStory · 3m ago

Beauty ecommerce platform Nykaa allots shares worth Rs 32 lakh

Nykaa, a beauty e-commerce platform, allotted 17,010 equity shares under its ESOP scheme, marking this year's second allocation. Valued at over Rs 32.3 lakh, these shares ensure equal ranking with existing ones. ESOPs help attract and retain talent while offering income growth as company value rises. Previous allocations in 2024 included over 4.8 lakh shares. Mamaearth-parent Honasa Consumer also recently granted stock options valued at Rs 57 crore under its ESOP-2018 plan.

Mamaearth CMO Anuja Mishra resigns

Entrackr

Entrackr · 4m ago

Mamaearth CMO Anuja Mishra resigns

Honasa Consumer Limited, the parent company of Mamaearth, has announced the resignation of Anuja Mishra, Chief Marketing Officer (CMO), with effect from the closure of business hours on June 30, 2025, due to personal reasons. According to the circular filed by Honasa Consumer, Varun Alagh, CEO and whole-time director of the company, will be the interim charge of CMO. Mishra joined Honasa in March 2022 as CMO where she oversaw marketing strategy for consumer group brands – Mamaearth, Bblunt, and The Derma Co. “Owing to certain personal reasons, I would like to submit my resignation from the position of Chief Marketing Officer at Honasa Consumer Limited, effective closure of business hours on 30th June, 2025,” the email screenshot disclosed in the circular shows. Earlier this week, the company also increased its ESOP pool by adding 24,61,350 ESOP options worth Rs 57 crore, a separate disclosure shows. During the third quarter of the last fiscal year (Q3 FY25), the company recorded a 5.9% revenue growth to Rs 517 crore, compared to Rs 488 crore in Q3FY24. However, its profits remained flat at Rs 26 crore in the same period. Honasa Consumer Limited ended Friday's trading session at Rs 233 per share, registering a total market capitalization of Rs 7,578 crore (approximately $890 million).

Honasa Consumer dismisses 'misinformation' around distributors, restructuring

Economic Times

Economic Times · 8m ago

Honasa Consumer dismisses 'misinformation' around distributors, restructuring

Mamaearth parent company Honasa Consumer has denied the claims made by the All India Consumer Products Distributors Federation (AICPDF) regarding its inventory. The company states that the distribution value chain holds inventory worth Rs 40.69 crore, not the reported Rs 300 crore. The company recently implemented a transition exercise to move away from the super-stockist model and towards direct distributors. This restructuring had a higher impact than expected, resulting in a net loss of Rs 19 crore and a drop in operating revenue for the September quarter. As a result, Honasa Consumer's stock has fallen over 30%.

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