Reena Chhabra, CEO of Nykaa's cosmetics private label, steps down

12 Aug 2022 , 10:29 AM

Reena Chhabra, the CEO of Nykaa’s private label, resigned on Thursday, the beauty e-commerce business announced to the market. On August 16, she will officially quit.
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Chhabra formerly served as a chief operating officer for the cosmetics company Colorbar, where he helped the business increase its value to Rs 1,000 crores in 2015. She has also served as the marketing director at Kaya Skin Care and the business head at Unilever’s Lakme Beauty Services. Chhabra joined Nykaa in 2016 and played a key role in expanding distribution and bringing the company’s private label to more homes.
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Chhabra stands to earn $250 million with 2.1 million shares and 0.12 million staff stock options, according to many sources (Esops). According to Nykaa’s draft red herring prospectus, she received Rs 3.06 crore in total pay during the fiscal year (FY) 21. (DRHP). Last week, the business released outstanding Q1 financial results, with consolidated profit increasing by 33% to Rs 4.55 crore from Rs 3.41 crore in the same quarter the previous year.