Shoppers Stop hits new 52-week high owing to exceptional Q1FY23 performance

27 Jul 2022 , 01:54 PM

Shoppers Stop Limited, an Indian department store chain operator, announced its results for the quarter ended June 30, 2022. The company has recorded exceptional performance during the quarter with attractive growth numbers.

Shoppers Stop’s counter skyrocketed nearly 11% in today’s trade to hit a new 52-week high of Rs605.

The company logged a 383% yoy growth in revenue at Rs1,190 crore for Q1FY23, as compared to Rs246 crore in the previous corresponding quarter.

Company’s EBITDA grew to Rs67 crore in Q1FY23 as against a negative EBITDA of Rs116 (-Rs116 crore) during the same quarter previous year.

Company achieved an EBITDA Margin of 33.70% during the current quarter as against 28.30% in Q1FY22.

Further, the company’s net profit grew substantially to Rs23 crore in Q1FY23 as against a loss of Rs137 crore in the previous corresponding quarter.

As of June 30, 2022, the company operates 264 stores across 47 cities spread over 3.8 million square feet area.

At around 1.45 PM, it was trading 8.37% higher at Rs586.75 per piece, against its previous close of Rs541.45 on the National Stock Exchange.