Mamaearth Parent Honasa Consumer Grants ESOPs Worth Rs 57 Crore
Mamaearth-parent Honasa Consumer has recently announced the allocation of 24.16 lakh stock options under its Employee Stock Options Plan (ESOP) – 2018. This significant ESOP grant is valued at approximately Rs 57 crore, calculated based on the company’s opening price of Rs 232 per share on the National Stock Exchange (NSE) as observed on Thursday.
The company has outlined that the vesting of these options is expected to occur over a span of five years. This vesting schedule is designed to be contingent upon both the tenure of the employees and the overall performance of the company. Once the vesting period is completed, the option holders will have the opportunity to acquire an equivalent number of equity shares, aligning their interests with the company’s growth and success.
Honasa Consumer, the parent entity overseeing popular brands such as The Derma Co., Aqualogica, BBlunt, and Dr. Sheth’s, has been experiencing a boost in its financial performance, as demonstrated in its recent quarterly earnings. The company’s revenue from operations showed a commendable increase, reaching Rs 517.5 crore in the third quarter of fiscal year 2025. This represents a 5.9% year-on-year rise from Rs 488.2 crore in the third quarter of fiscal year 2024.
Despite the positive growth in revenue, the company’s net profit remained stable at Rs 26 crore for Q3 FY25, which is relatively unchanged from the same period in the previous fiscal year. This stability marks a significant recovery from a prior net loss of Rs 24.3 crore recorded in the second quarter of fiscal year 2025, highlighting the company’s financial resilience.
Honasa Consumer’s strategic initiatives, including the expansion of its brand portfolio, have been key contributors to its improved financial performance. The company’s commitment to offering innovative products in the personal care and beauty segments through its various brands continues to solidify its position in the market.
The recent grant of stock options aligns with a broader trend among companies looking to incentivize and retain talent through ESOPs. This strategic approach not only enhances employee engagement but also fosters a sense of ownership among the workforce, encouraging alignment with the company’s long-term objectives.
Overall, the ESOP grant by Honasa Consumer underscores its confidence in future growth and its dedication to rewarding its employees, signaling a positive outlook for both the company and its stakeholders.
