Shoppers Stop news and archive

Beauty segment drives Q4 growth at Shoppers Stop

Departmental store chain Shoppers Stop’s sales for the fourth quarter reached Rs 1,000 crore, an increase of 9 percent compared to the same period in the previous year. The company said in a release that the beauty segment outperformed with Rs 218 crores in sales, a 7 percent growth, led by fragrance, up 24 percent and overall mix up 18 percent....

BusinessFeatured

Shoppers Stop posts Q3 sales growth of 7 percent

For the third quarter, Shoppers Stop revenues of Rupees 1,207 crores increased by 7 percent despite muted consumer demand. During the festive period, sales grew by 9 percent or 5 percent LTL. During the quarter, beauty business outperformed with 10 percent growth, led by fragrance up 41 percent; makeup increasing 6 percent and overall mix up by...

Business |Beauty

Nars Cosmetics enters the Indian market

Nars Cosmetics, the Shiseido-owned beauty brand founded by make-up artist and photographer François Nars, has entered the Indian market at Shoppers Stop and Sephora ahead of its debut freestanding store in November. In a statement, Nars said its products would be available online at Shoppers Stop and Sephora, as well as in select stores across...

Business

Shoppers Stop reports drop in Q2 profit

For the second quarter, Indian department store Shoppers Stop Ltd. recorded sales of 1,025 crore rupees, up 2 percent on GAAP basis and flat on non-GAAP basis. Gross margin dropped 50 basis points to 40.7 percent, Ebitda dropped 2.8 percent to 170 crores, profit before and after tax was 2 crore compared to 24 crore and 18 crore, respectively....

Business

Shoppers Stop posts Q1 sales growth of 4 percent

Shoppers Stop Ltd. delivered revenue for growth of 4 percent in the first quarter of FY24 to Rs 1,241 crores. The company’s profit after tax declined to Rs 13 crores and profit before tax to Rs 19 crores compared to Rs 23 crores and Rs 32 crores, respectively. Commenting on the first quarter results, Venu Nair, MD & CEO at Shoppers Stop said: “...

Business

Shoppers Stop posts strong growth in revenue and profit

Shoppers Stop reported fourth quarter revenue of Rs 1,175 crore, up 32 percent, while EBITDA reached Rs 55 crore compared to Rs 13 crore in the same quarter of FY22. PBT for the quarter was Rs 14 crore. For the full year, the company’s revenue reached Rs 5,066 crore, up 63 percent, EBITDA, 324 crore and PBT was Rs 164 crore. Commenting on the...

BusinessFeatured

Shoppers Stop posts profit, Q2 sales jump 62 percent

For the second quarter, Shoppers Stop reported 62 percent increase in sales to 1,270 crore, while EBITDA jumped by 6762 percent to 75 crore. The company said that PBT was 32 crore against a loss of 44 crore in the same quarter last year and PAT was 25 crore against the loss of 43 crore. Commenting on the second quarter update, Venu Nair, MD &...

Business

Shoppers Stop posts 45 percent revenue growth in FY22

Shoppers Stop Limited, posted full year revenue increase of 45 percent to Rs 3,111 crores, while gross margin was up 70bps. Private brands revenue also rose by 45 percent, beauty segment revenue by 55 percent and ecommerce sales growth was 59 percent. The company’s losses were significantly reduced by 65 percent to negative Rs 88 crores on GAAP...

BusinessFeatured

Shoppers Stop Q3 sales and profit grow

Shoppers Stop Limited reported a sales rebound of 35 percent year-on-year to Rs 1070 crores in the third quarter, close to pre-covid levels. The company said in a statement that EBITDA improved by 57 percent to Rs 197 crores while the gross margin grew by 170 basis points to 36 percent driven by robust demand recovery and tight control on costs....

Business

Shoppers Stop names Venugopal Nair as MD & CEO

Shoppers Stop Ltd has announced the appointment of Venugopal Nair as the Managing Director & Chief Executive Officer of the company, effective November 6, 2020 to lead the next phase of expansion. Commenting on Nair’s appointment, BS Nagesh, Chairman of the company said in a statement: “Venu has an exceptional leadership track record, strong...

Retail

Shoppers Stop to spread retail, plans to open more stores this year

Shoppers Stop is focusing on retail expansion. The company runs a fashion chain, a bookstore chain and a luxury beauty store. Together, it operates over 300 stores in 50 cities across India. This year the plan is to open 50 new locations and have 12 department stores. Crosswords the bookstore chain, is going to design new store concepts to cater...

Retail

Shoppers Stop increases retail footprint, added 15 stores in Q3

In the third quarter Shoppers Stop added 15 stores. Of these, six were department stores and nine beauty doors. This takes the total footprint to 89 department stores and 135 beauty doors across 42 cities in India. During the quarter the first citizen loyalty program contributed 84 per cent of revenue. The beauty segment grew 9.6 per cent. The...