SHOPPERS STOP LTD. - 532638 - Clarification sought from Shoppers Stop Ltd
The Exchange has sought clarification from Shoppers Stop Ltd on November 8, 2023, with reference to news appeared inwww.mediabrief.com dated November 8, 2023 quoting "Vanity Wagon teams up with Shoppers Stop to expand clean beauty retail"The reply is awaited. SHOPPERS STOP LTD. - 532638 - Update- Further Subscription Of 500 0.01% Non-Cumulative Optionally Convertible Preference Shares ('NOCPS') Of Rs. 1,00,000/- (Rupees One Lakh Only) Of GSBBL.
Disclosure on further subscription of 500 NOCPS by the Company of GSBBL. Details of disclosure are enclosed herewith. SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Further subscription of 500 NOCPS of Global SS Beauty Brands Limited, a material wholly owned subsidiary of the Company. Details of disclosure are attached herewith. SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earning call transcript for quarter and half year ended September 30, 2023 . Details are enclosed herewith. SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Newspaper Publication
publication of un-audited financial results as on September 30, 2023 in Newspapers. SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Link for earning call Q2 2023 SHOPPERS STOP LTD. - 532638 - Intimation Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Commencement Of Operations From A New Unit
Disclosure for commencement of operations from a new unit
Shoppers Stop Results Earnings Call for Q2FY24
Conference Call with Shoppers Stop Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript. Q2FY24 Quarterly Result Announced for Shoppers Stop Ltd.
Department Stores company Shoppers Stop announced Q2FY24 results: 1. Sales Performance: - Shoppers Stop reported revenue of Rs 1,025 crore in Q2FY24, a 2% growth compared to the previous year. - The company's sales were flat at Rs 1,271 crore in Q2FY24, due to the combination of shifting of Pujo and softer demand. - Sales in the beauty category outperformed with a 6% growth, led by fragrance with a 20% increase. 2. Strategic Pillars: - First Citizen loyalty program: First Citizen members contributed 77% of overall sales, with 64% being repeat members and 13% new enrollments. - Private Brands: Private brand sales reached Rs 184 crore, with a contribution of 14% to total sales. The Indianwear segment showed strong growth of +38%. - Beauty: Beauty sales amounted to Rs 197 crore, contributing 16% to overall sales. The category saw strong engagement with 240k makeovers and a 56% conversion rate. - Intune: The value fashion store, Intune, opened 4 stores during the quarter and generated sales of Rs 8 crore. Initial customer feedback has been positive. 3. Financials: - EBITDA for Q2FY24 was at Rs 170 crore, compared to Rs 175 crore in Q2FY23. - Gross margin was at 40.7%, slightly down from the previous year's 41.2%. - Net profit was impacted by muted demand in apparel, resulting in a PAT of Rs 2 crore. Kavindra Mishra, Executive Director and CEO, Shoppers Stop, stated, "Shoppers Stop reported impressive financial results, despite challenging market conditions and shifting of Pujo from Q2 to Q3 this fiscal. We have witnessed a strong pick-up in the Beauty businesses and consistent performance from non-apparels. The premiumization has been sustained across categories resulting in 5% growth in Average Selling Price (ASP) and 1% growth in Items per Ticket (IPT) compared to the corresponding quarter of FY23. Net profits for the quarter were affected due to muted demand in Apparels, partially offset by growth in Non-Apparels. As we enter the Festive Season, we anticipate a rebound in discretionary spending, propelling the company's growth trajectory further in the second half." Result PDF
Shoppers Stop plunges 6% on sharp decline in Q2 net profit
The sharp decline in profit for Shoppers Stop was on account of its aggressive capex plans and an additional expense to rebuild inventory destroyed in a fire in Delhi