Shoppers Stop Ltd Q1FY18
Standalone Results Q1FY18: (Rs. in crore)
|EBITDA Margin (%)||3.2||13|
|Net Profit (adjusted)||[3.7]||-|
Shoppers Stop’s standalone revenue for the quarter came in at Rs. 941 crore, registering 21.9% yoy increase. This was partly led by 8% yoy sales growth from Hypercity stores and 19.8% yoy sales growth from Shoppers Stop departmental stores.
EBITDA for the quarter rose by 27% yoy to Rs. 30 crore with a corresponding margin expansion of 13 bps. EBITDA margin for the quarter stood at 3.2%. This margin expansion was aided by favourable changes in inventories.
The net loss for the quarter came in at Rs. 3.7 crore against net loss of Rs. 13.5 crore in same quarter last year. This shrinkage in net loss was led by 15.6% yoy decrease in finance cost.
Company is having total retail area of 41.79 lacs sq. ft. as of Q1FY18.
Company expects execution of Omni channel by Q3FY18.
Shoppers Stop Ltd is currently trading at Rs. 350, down by 1.1 points or 0.31% from its previous closing of Rs. 351.10 on the BSE.
The scrip opened at Rs. 351.10 and has touched a high and low of Rs. 364.75 and Rs. 345.10 respectively. So far 2,94,361(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 100 DMA.
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