Buy Shoppers Stop; target of Rs 400: ICICI Direct
ICICI Direct is bullish on Shoppers Stop has recommended buy rating on the stock with a target price of Rs 400 in its research report dated October 21, 2021.22-10-2021
22-10-2021
SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to the provisions of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith, copies of the newspaper advertisements publishing the Financial Results for the quarter and half year ended September 30, 2021 (approved at the meeting of the Board of Directors of the Company held on Wednesday, October 20, 2021) in Free Press Journal and Navashakti on October 22, 2021. We request you to take the same on records.22-10-2021
Earnings Call for Q2FY22 of Shoppers Stop
Conference Call with Shoppers Stop Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.21-10-2021
Shoppers Stop Q2 results: Net loss at Rs 3.68 cr; sales jump two-fold to Rs 642 cr
The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing.21-10-2021
Q2FY22 Quarterly Result Announced for Shoppers Stop Ltd.
Highlights: Revenue ( Gross) Rs.709 Crs +117% and EBITDA Rs.138 Crs + 387% vs FY21 The Company witnessed strong recovery in demand after the second wave across the formats, with sales moving swiftly close to pre-pandemic levels in August and September. All the stores are now fully operational, with overall store operation days at 87% for the quarter. This led to sales growth of 117% and EBITDA growth by 387%. There has been progressive improvement in August and September with Sales growth of 140% and 66% respectively. Our festive sales are at pre-covid levels, with an impressive growth from our stronghold East. Overall Performance, Mr. Venu Nair, MD and CEO commented "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2. While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year. As we go to press, our festive sales have been extremely reassuring. Our sales recovered more than 100% in East, followed by North. Our performance has been very good across all segments1 with Omni, Private and Beauty outperforming. We have witnessed a strong volume growth of 59% (overall value growth of 90%), primarily led by Apparels. Omni Channel grew by 103% and needless to say I am very delighted with our performance. Omni Channel contribution sustained at 8%, despite stores opening in Q2. This reflects the strong trust amongst digitally savvy young customers with Shoppers Stop. Our investments continue to be higher In Omni, as we believe it enhances availability, drive sales & traffic, and integrate digital touchpoints. As on date we have invested more than Rs.20 Crs and we plan to invest another Rs.20 Crs in the next 6 - 8 months, primarily in technology, such as Site Personalization, Marketing Automation, Hyperlocal, Uni-commerce Dropship and more importantly in Jarvis, which is a fantastic analytical tool for customer personalization and propensity forecasting. The Company continues to conserve cash and maintain sufficient liquidity. We had saved costs of Rs.62 Crs vs FY20. Our Inventory reduced by Rs.82 Crs against last year. Our net debt is Rs.62 Crs as of September 30, 2021 as against Rs.196 Crs as at September 30 2020. I am happy to say that 98% of eligible employees and associates are now fully vaccinated." Result PDF21-10-2021
Shoppers Stop Ltd - 532638 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Please be informed that the Nomination and Remuneration & Corporate Governance Committee of the Company has allotted 20,750 equity shares of Rs.5/- each, at an exercise price of Rs. 174/- per share on account of exercise of vested Employee Stock Options by employees under ESOP 2008 Scheme on October 20, 2021. Post allotment of these shares, the share capital of the Company stands increased to Rs. 54,72,57,300 divided into 10,94,51,460 shares of Rs. 5/- each. You are requested to kindly take note of the same.20-10-2021
Shoppers Stop Ltd - 532638 - Announcement under Regulation 30 (LODR)-Change in Directorate
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform that based on recommendation of Nomination, Remuneration and Corporate Governance Committee, the Board of Directors of the Company, at its Meeting held today, i.e. October 20, 2o21, approved the appointment of Mr. Arun Sirdeshmukh (DIN: 01757260) and Ms. Christine June Kasoulis (DIN: 09365330) as Additional Directors in the capacity of Non-Executive Independent Directors of the Company.20-10-2021
Shoppers Stop Ltd - 532638 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable Schedule thereto, as amended, ("the SEBI LODR"), enclosed please find herewith the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021 ("the Financial Results") duly approved the Board of Directors of the Company at its meeting held today i.e. on October 20, 2021. We also enclose herewith the following: Limited Review Report issued by the Statutory Auditors of the Company on the Financial Results; and Press release and Investors'' presentation issued by the Company The meeting of the Board commenced at IST 03.30 p.m. and concluded at IST 07:20 p.m. The above information is also available on the Company's corporate website i.e. https://corporate.shoppersstop.com/investors/. Kindly take the same on record. Thank you.20-10-2021
SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable Schedule thereto, as amended, ("the SEBI LODR"), enclosed please find herewith the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021 ("the Financial Results") duly approved the Board of Directors of the Company at its meeting held today i.e. on October 20, 2021. We also enclose herewith the following: Limited Review Report issued by the Statutory Auditors of the Company on the Financial Results; and Press release and Investors'' presentation issued by the Company The meeting of the Board commenced at IST 03.30 p.m. and concluded at IST 07:20 p.m. The above information is also available on the Company's corporate website i.e. https://corporate.shoppersstop.com/investors/. Kindly take the same on record. Thank you.20-10-2021
SHOPPERS STOP LTD. - 532638 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable Schedule thereto, as amended, ("the SEBI LODR"), enclosed please find herewith the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021 ("the Financial Results") duly approved the Board of Directors of the Company at its meeting held today i.e. on October 20, 2021. We also enclose herewith the following: Limited Review Report issued by the Statutory Auditors of the Company on the Financial Results; and Press release and Investors'' presentation issued by the Company The meeting of the Board commenced at IST 03.30 p.m. and concluded at IST 07:20 p.m. The above information is also available on the Company's corporate website i.e. https://corporate.shoppersstop.com/investors/. Kindly take the same on record. Thank you.20-10-2021