Shoppers Stop | Business Upturn

Shoppers Stop shares surge 8% as revenue grows 11.5% YoY in Q3 FY25

Aman Shukla — Wed, 15 Jan 2025 03:50:56 +0000

Shoppers Stop Limited’s stock jumped 8% following its robust Q3 FY25 financial performance, showcasing substantial revenue and profit growth.

Key Financial Highlights (YoY):

Revenue from Operations:
- Standalone: ₹1,311.46 crore (+8.7%).
- Consolidated: ₹1,379.47 crore (+11.5%).
Net Profit:
- Standalone: ₹48.78 crore (+37.2%).
- Consolidated: ₹52.23 crore (+46.8%).

Quarter-on-quarter, the company achieved a remarkable turnaround, with consolidated revenue up 23.7% and net profit recovering from a loss of ₹20.59 crore in Q2 FY25.

Shoppers Stop shares opened at ₹667.95 today, reaching a high of ₹679.00 and a low of ₹653.20 during trading. The stock’s 52-week range stands at a high of ₹943.40 and a low of ₹575.00, reflecting significant volatility. As of 9:20 Am, the shares were trading 7.69% higher at Rs 667.90.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Shoppers Stop Q3 FY25 Results: Revenue grows 11.5% YoY to Rs 1,379.47 crore

Aditya Bhagchandani — Tue, 14 Jan 2025 11:53:20 +0000

Shoppers Stop Limited has reported its financial results for the third quarter of FY25 ending December 31, 2024, showing growth in revenue and net profit.

Key Highlights:

Revenue from Operations:
- Standalone: ₹1,311.46 crore, an 8.7% YoY increase from ₹1,206.78 crore in Q3 FY24 and a 22.8% QoQ increase from ₹1,068.10 crore in Q2 FY25.
- Consolidated: ₹1,379.47 crore, an 11.5% YoY rise from ₹1,237.52 crore in Q3 FY24 and a 23.7% QoQ growth from ₹1,114.87 crore in Q2 FY25.
Total Income:
- Standalone: ₹1,333.78 crore, up from ₹1,210.12 crore in Q3 FY24 and ₹1,077.82 crore in Q2 FY25.
- Consolidated: ₹1,402.00 crore, compared to ₹1,240.88 crore in Q3 FY24 and ₹1,124.00 crore in Q2 FY25.
Net Profit:
- Standalone: ₹48.78 crore, up significantly from ₹35.56 crore in Q3 FY24 and reversing a loss of ₹22 crore in Q2 FY25.
- Consolidated: ₹52.23 crore, a rise from ₹35.56 crore in Q3 FY24 and a turnaround from a loss of ₹20.59 crore in Q2 FY25.

Operational Metrics:

Employee benefits expenses and other operational costs saw moderate increases in line with revenue growth.
Consolidated operating expenses rose to ₹1,329.16 crore from ₹1,189.96 crore in Q3 FY24.

Analysis:

Shoppers Stop’s strong quarterly performance reflects the recovery in consumer spending and operational efficiency. The company has showcased consistent growth, marking an improvement in both revenue and profitability.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Shoppers Stop Q2 Results: Net profit slumps to ₹1.78 crore

Vanshika Lodhi — Wed, 18 Oct 2023 16:50:09 +0000

Shoppers Stop, one of India’s leading retail chains, has reported a significant slump in its net profit for the second quarter (Q2) of the fiscal year. The company’s net profit stands at ₹1.78 crore, marking a considerable downturn in its financial performance.

The retail giant, known for its wide range of products and extensive pan-India presence, has been grappling with the challenges posed by the dynamic market conditions. The Q2 results have brought these struggles into sharp focus.

While the company has not released specific details about the factors contributing to this slump, industry experts speculate that a combination of increased competition, supply chain disruptions, and changing consumer behavior may be at play.

Shoppers Stop has been a key player in India’s retail sector, with a reputation for quality and variety. However, these Q2 results indicate that even established brands are not immune to market volatility.

The company’s leadership has not yet commented on the Q2 results. Stakeholders and industry watchers are keenly awaiting their response and any strategic changes that might be implemented to navigate through these challenging times.

Despite the disappointing Q2 results, market analysts suggest that it’s too early to predict a long-term impact on Shoppers Stop’s overall performance.

Stock Market update: Shoppers Stop shares surges 15% post Q3 results

Shifali Gorka — Fri, 21 Jan 2022 07:49:03 +0000

The shares of Indian department store chain Shoppers Stop jump by 15% at Rs 416.05 per share against the previous close at Rs 361.50 per share, in today’s early trade. The trade opened at Rs 394.30 per equity share representing an increase of 9.07% and hitting a high of Rs 425.00 per unit in today’s trade.

On Thursday, Retail chain Shoppers Stop released its financial results report for the quarter ending December 2021 and reported a consolidated net profit of Rs 77.32 crore for the third quarter ending December 2021. The company had posted a net loss of Rs 25.11 crore in the October-December quarter a year ago, said Shoppers Stop in a regulatory filing.

The company’s net revenue from operations increased by 33.82 per cent at Rs 958.11 crore during the period under review as compared to Rs 715.97 crore in the same quarter of the previous year.

As per the company, it has returned to ”profitability” with a zero net debt. The total expenses of Shoppers Stop were at Rs 905.14 crore, up 16.23 per cent in Q3 FY 2021-22, as against Rs 778.78 crore.

Shoppers Stop MD & CEO Venu Nair said, ”We are witnessing positive signs from a strategy that we initiated in the last 2 years. As the fashion and beauty retail is seeing encouraging early trends from the Wardrobe Reboot, we are rightly poised to capture the pent-up demand.”

“Customer sentiments are extremely positive owing to the double vaccination, lesser restrictions and an overall improvement in safety protocols, leading to increased customer footfalls,” he further said.

Shoppers Stop reported annual net revenue of Rs 1973.20 crore FY2021 as compared to Rs 3498.11 FY2020. Shoppers Stop operates 83 departmental stores in 45 cities. It also operates 11 premium home concept stores, 129 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown and many more.

Shoppers Stop shares jumps 6% to Rs 254.5 apiece on BSE

News Desk — Wed, 01 Sep 2021 06:16:20 +0000

On Wednesday, shares of Shoppers Stop surged 5.6 per cent to Rs 254.5 apiece on the BSE in the intra-day trade after the company sold its wholly-owned subsidiary Crossword Bookstores as a strategy to exit “non-core” businesses.

“The company has closed the sale of a controlling stake of its 100 per cent subsidiary, Crossword Bookstores Limited Dinesh Gupta, Aakash Gupta and Family (owners of Agarwal Business House), Pune, according to the share purchase agreement between Shoppers Stop and ABH signed on August 31, 2021. The business of Crossword Bookstores has valued at Rs 41.6 crore,” the retail chain store said in an exchange filing.

At 10:04 AM, the stock was quoting at Rs 247 apiece, up 2.7 per cent on the BSE. In comparison, the benchmark S&P BSE Sensex was at 57,913 levels, up 0.6 per cent. At the meeting of the company held on Tuesday, August 31, the board approved the transaction. Subject to receipt of necessary consents, Shoppers Stop shall divest a 51 per cent stake (expected to be completed within 15 days) and another 39 per cent in the next 12 months.

“This represents another step in our progress to elevate Shoppers Stop to a customer-focused, Omnichannel retailer, to enable us to deliver on the promises we make to our customers and shareholders. Most importantly, we are selling Crossword Bookstores to our franchisee ABH, who has been in this business for more than two decades and is extremely passionate about the book business,” said Venu Nair, Managing Director and chief executive officer of Shoppers Stop in a statement.

During the June quarter of FY22, Shoppers Stop had posted 272.9 per cent revenue growth at Rs 201.0 crore, against revenue of Rs 53.9 crore in the corresponding quarter of the prior fiscal. The stores operated merely for 28 per cent of days in Q1, which impacted the sales and profits, according to the company. Effectively, its earnings before interest, tax, depreciation, and amortisation (Ebitda) for Q1 declined to Rs 1.3 crore (from Rs 1.6 crore). However, loss for the period was reduced to Rs 104.9 crore from Rs 120.2 crore YoY.

Shoppers Stop to raise Rs 300 crore via rights issue

Akanksha Yadav — Fri, 13 Nov 2020 10:35:12 +0000

Shoppers Stop Ltd on Friday announced that its board has approved the matter of raising an amount of ₹300 crore via a rights issue. The company confirmed in a filing to the exchanges that the issue will be priced at ₹140 per share and that it will open on November 27 and close on December 31.

The company reported a net loss of ₹97.70 crores in the September quarter which is higher than ₹8.18 crore in the year-ago period. The company’s revenue fell by 65.7% to ₹296.98 crores. The company added that it had appointed Mr Venugopal G Nair as its new managing director and chief executive officer and he will take charge of the office from 6 November. At 1:35 pm IST, the company’s stock was up by 3.5% to ₹188.60 on the Bombay Stock Exchange, while India’s benchmark Sensex was down by 0.09% at 43319.89 points.

The Board of Directors of Shoppers Stop Ltd had held the meeting on October 16 2020, to approve the fundraising issue through the issue of equity shares of the face value of Rs. 5 each of the company on arights issue basis. The Board had constituted the Right Issue Committee of Board of Directors and had given it the authorization to proceed with Rights Issue forthwith and had decided the other terms and conditions of the Rights Issue that might be required, from time to time.

Shoppers stop appoints Venugopal Nair as new CEO and MD

Shlok Arya — Sat, 07 Nov 2020 07:17:51 +0000

On 6th November 2020, Shoppers stop appointed Venugopal Nair as their MD and CEO.

Shoppers Stop in a regulatory filing said, “Nair has also been appointed as a Managing Director, designated as managing director and chief executive officer of the company for a period of three years effective November 6, 2020, subject to the approval of shareholders of the company.”

Previously, Nair was the CEO of Tata Group retail arm Trent’s retail chain Westside. Before joining Westside, Nair was the managing director of Marks and Spencer Reliance Pvt. Ltd. He has held leadership roles with various brands including, Madura Garments and Arvind Mills.

The company’s previous MD and CEO was Rajiv Suri. He resigned from the position in August 2020 due to personal reasons and to pursue a career in a company outside India. He was appointed as the CEO in January 2018.

Shoppers Stop is an Indian department store chain owned by the K Raheja Corp. The Corp has 86 stores across 40 cities in India, with clothing, accessories, handbags, shoes, jewelry, fragrance, cosmetics, health and beauty products, home furnishing, and décor products.

Shoppers Stop likely to raise equity capital through issue of shares with face value Rs 5 each

Chittesh Dalmia — Sat, 10 Oct 2020 10:24:52 +0000

Shoppers Stop Ltd. has scheduled its Board Meeting on October 16 to consider raising of funds through equity stake sale of face value Rs 5 per share. The amount to be raised is still not disclosed.

The Mumbai based company on Saturday announced through its BSE regulatory filing. “Pursuant to the provisions of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the SEBI LODR”), please be informed that the Meeting of the Board of Directors of the Company is scheduled to be held on Friday, October 16, 2020, to inter-alia, consider and approve:

the un-audited financial results of the Company (Consolidated and Standalone) for the quarter
and half year ended on September 30, 2020 (“the Results”); and
subject to the receipt of applicable regulatory/statutory approvals, proposal for raising of funds
by issue of equity shares of the Company, with a face value of ₹ 5 each, including through a rights
issue or further public offer or preferential issue or qualified institutions placement etc. as may
be permitted under applicable laws.”