Shoppers Stop's Q1 net profit at Rs22.83 cr

27 Jul 2022 , 08:54 AM

Shoppers Stop Ltd., a retail chain, said on Tuesday that its combined net profit for the first quarter that ended on June 30, 2022, was Rs. 22.83 crores.

According to a regulatory filing by Shoppers Stop, the business reported a net loss of Rs 104.89 crore during the April-June quarter of last year. Its operating revenue for the reviewed period was Rs 948.44 crore, more than four times its pandemic-impacted preceding quarter’s lower base. In Q1/FY 2021—22, it was Rs 205.23 crore.

Shoppers Stop’s overall costs were Rs921.63 crore, more than doubling from Rs408.95 crore in Q1/FY 2022-23. According to the company’s earnings report, its year-over-year (YoY) e-commerce sales have increased by 29%. Tuesday’s BSE closing price for Shoppers Stop Ltd’s shares was Rs 541.70, a decrease of 3.17 percent from the previous end.