Shoppers Stop logs 45% yoy growth in sales during FY22; Loss at Rs88 crore

29 Apr 2022 , 09:22 AM

The Board of Directors of Shoppers Stop Limited has approved the results for the quarter ended March 31, 2022, and for the full year ending March 31, 2022.

The company reported growth of 6% yoy in Sales at Rs798 crore for Q4FY22 as compared to Rs753 crore in Q4FY21. Sales for the financial year ended March 2022 were reported at Rs2,803 crore as compared to Rs1,933 crore in FY21, up by 45% yoy.

EBITDA for the quarter stood at Rs97 crore as against Rs116 crore in Q4FY21, down by 17% yoy. During FY22, EBITDA jumped 59% yoy at Rs434 crore as compared to Rs272 crore in FY21.

Company managed to reduce its loss after tax during Q4FY22 to Rs17 crore as compared to a loss of Rs37 crore in Q4FY21. While loss after tax for the financial year ended March 31, 2022, also declined by 65% yoy at Rs88 crore against a loss after tax of Rs252 crore in FY21.

The company further stated that overall customer footfall increased by 56% yoy during FY22. The Average Selling Price (ASP) also gained 18% yoy and the Average Transaction Value (ATV) improved by 15% yoy.

Ar around 9.26 AM, Shoppers Stop Ltd was trading at Rs510.50 down by Rs30.25 or 5.59% from its previous closing of Rs540.75 on the BSE. The scrip opened at Rs520 and hit a low of Rs504.70 so far.