iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Shoppers Stop reports PAT of Rs 16 cr in Q2 FY23

20 Oct 2022 , 11:46 AM

Consolidated net sales jumped 57.7% to Rs 1,012.74 crore crore in the quarter ended September 2022 as against Rs 642.07 crore recorded in the corresponding last year. The companys pre-tax profit stood at Rs 23.01 crore in Q2 FY23 as against a pre-tax loss of Rs 4.62 crore in the corresponding quarter previous year. Total expenses rose 38.34% to Rs 987.49 crore in Q2 FY23 over Q2 FY22. The companys Private Brands revenue grew 76% year on year (YoY), beauty segment revenue was up by 45% YoY and E-commerce sales increased by 8% YoY. The customer visits has improved by 61.26% YoY and the Average Transaction Value (ATV) by 8.21% YoY in Q2 FY23. GAAP EBITDA for the quarter improved to Rs 176 crore as compared to Rs 138 crore in Q2 FY22. The company reported GAAP gross margin of Rs 415 crore in Q2 FY23, rising by 72% from Rs 241 crore recorded in Q2 FY22. Meanwhile, the company said that it continued to remain debt free with surplus cash of Rs 13 crore and opened one department and two SS beauty stores; six department stores under fit-out during the quarter. Venu Nair, MD & CEO at Shoppers Stop, said, The momentum from last year and first quarter of this year continued. Our strong second quarterly numbers reflect the adopted strategy delivering our results. Customer sentiments remain upbeat, which is reflecting in Footfalls, Average Selling Price, Average Transaction Value and other KPIs. Our continued improvement in Customer Experience, engagement and improved data analytic capabilities are providing us the competitive edge to remain ahead of the curve. Our Store expansion plan is on track and we should open 12-15 stores during the year, with 6 stores to be opened in October and November. We are extremely happy to inform you that we have forayed distributing International Beauty Brands with exclusive rights in India. This will enable us to bring newer brands in the Country, further enhancing our strong presence in Beauty.? Shoppers Stop is the nations leading premier retailer of fashion and beauty brands. The scrip declined 2.33% to Rs 787.10 on the BSE. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.