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Shoppers Stop Ltd share Price

Company details

6M Return 11.63%
1Y Return 60.62%
Mkt Cap.(Cr) 8,322.28
Volume 107,381
Div Yield 0.00%
OI Chg %
Volume 107,381

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About The Stock

    : Shoppers Stop (SSL) is one of India’s leading departmental stores and has undergone various structural changes with focus on enhancing its share of private label brands and beauty portfolio, accelerating growth through digital channels and providing a better shopping experience through ‘personal shoppers’.

    • Operates 88 departmental stores, 171 beauty format stores spread across 4.2 million sq ft while being present in 47 cities

Q4FY22 Result review

    Covid-led disruptions in January-February and one-off expenses (~₹ 21 crore) led to a subdued performance in Q4FY22. The revenue recovery rate declined to 90% in Q4FY22 vs. 96% in Q3FY22.

    • On a favourable base, revenue grew 6% YoY to ₹ 709.9 crore
      • Increase in operating costs (owing to higher store additions) and one-off expenses (₹ 21 crore) led EBITDA margins to decline 343 bps YoY to 10.8% with absolute EBITDA declining 20% YoY to ₹ 76.7 crore
      • PBT losses were at ₹ 49 crore vs. ₹ 37.2 crore in Q4FY21

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Shoppers Stop Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Shoppers Stop Ltd.

Department stores company Shoppers Stop announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Highest-ever Q4 revenue of Rs 1,175 crore, up 32% YoY
    • EBITDA Rs 55 crore in Q4FY23 vs Rs 13 crore in Q4FY22
    • PBT of Rs 14 crore
    • Continued outperformance of our strategic pillars
      • First Citizen contributed 77% of revenue offline and 39% online
      • First Citizen Black Card – ATV 2X and total spend 4X
      • Private Brand – Rs 158 crore, up 35% YoY – contribution 14%
      • Beauty
        • Rs 197 crore up 29% YoY – contribution 17%
        • Launched 40 SKUs in Arcelia, total portfolio of 450
  • FY23:
    • Highest-ever revenue of Rs 5,066 crore, up 63%
    • EBITDA at Rs 324 crore
    • PBT of Rs 164 crore (highest ever)
    • On our strategic pillars
      • Private brands Rs 723 crore, up 70% YoY – contribution 14%
      • Beauty
        • Rs 804 crore, up 54% YoY – contribution 16%
        • Acquired exclusive distribution for 15 beauty brands
    • Opened 11 departmental and 12 beauty stores during FY23. Refurbished 11 departmental and 5 beauty stores during the year. With this, more than 60% of stores will be with new appearance

Venu Nair, MD & CEO at Shoppers Stop, commented on the Q4FY23 results, "I am pleased to share that we have continued to deliver robust sales growth this quarter, which is broad-based with a healthy balance of price, volume and mix. This is the highest sales and sales growth with all KPIs consistently improving over a period of time. All our strategic pillars have delivered this quarter, and we continue our sharp focus on robust growth in each one of them.

Specifically, on our customers, we had over 36 million visits across our offline and online channels in this quarter, with an elevated shopping experience. The Average Transaction Value (ATV) and Average Selling Price (ASP) grew by 6% and 9% respectively.

Our Private Brands Sales grew by 35%, and volume grew by 28%. The Beauty segment grew by 29%. For the full year, our Private brands and Beauty grew by 70% and 54% respectively. We have begun distributing premium Beauty Brands from last quarter. We have added 15 brands with exclusive distribution rights and onboarded 10 retailers during the year. On Home, we have onboarded Kavindra Mishra (Kavi) as CEO for Home Business and Chief Commercial Officer (External Brands)

Offline expansion is one of our key Strategies. We opened 11 department stores and 12 beauty stores during this fiscal year. For the quarter, we opened 2 Department and 1 Beauty store. In addition to the above, to enhance customer experience, we renovated 11 department and 5 beauty stores. With this, more than 60% of our stores will have the new renewed appearance."



Result PDF

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Investment recommendation

Call Date
24 Jan 2023
Entry Price 650.00
Target Price 850.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Shoppers Stop Ltd Stocks COMPARISION


Equity Capital: 75.93 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 30,847.85
LAST 3M 20,755.03 48,947.51
LAST 6M 63,750.52 33,855.80
LAST 12M 121,409.17 70,734.12

Shoppers Stop Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Shoppers Stop is a leading lifestyle retail brand in India. The company owns and operates retail stores across India and runs e-commerce ventures. The company also owns stores such as HomeStop, a destination for buying essentials for a home. The company, headquartered in Mumbai, Maharashtra, runs speciality stores on behalf of leading cosmetics brands such as MAC, Estee Lauder, Bobbi Brown, etc.

    On 13 February 2023, the market capitalisation of the company was Rs 7,050.83 crore. It reported a total income of Rs 1,161.44 crore at the end of the third quarter of the financial year 2022-2023. The company is listed on the Bombay Stock Exchange with the code 532638 and on the National Stock Exchange under the code SHOPERSTOP.  

    Shoppers Stop has a diversified shareholding pattern, with promoters holding approximately 65.46% of the company. The public has a stake of 7.14% in the company. FIIs hold a stake of 7.04% in the company, while DIIs hold a stake of 20.36%. The shareholding pattern of the company has remained largely stable over the past year.

    B S Nagesh is the current managing director of the company. Other directors of the company include Venu Nair, Neel C Raheja, Ravi C Raheja, Arun Sirdeshmukh, Christine Kasoulis, Deepak Ghaisas, Manish Chokhani, Nirvik Singh, and Robert Bready. The chief financial officer of Shoppers Stop is M Karunakaran. The company’s auditors are SRBC & Co LLP. 

    On 13 February 2023, Shoppers Stop share price was Rs 643.05 on the BSE and Rs 643.65 on the NSE. The company’s 52-week-high was Rs 820.2, while the 52-week-low was Rs 302.55. Its three-month return to investors was -11.94%, while its one-year return was 85.65%.

    As of December 2023, Aditya Birla SL Tax Relief 96 Direct-Growth had invested Rs 456.6 crore in the company. Further, Nippon India Multi Cap Direct-G invested Rs 358.62 crore, while DSP Small Cap Direct-G invested Rs 174.54 crore.

    On November 2022, the company had a trailing twelve-month (TTM) revenue of Rs 2,518.75 crore. The company also had a net profit of Rs -45.42 crore during the same period.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Umang Towers 5th Floor B Wing, Mindspace Link Rd Malad (West), Mumbai, Maharashtra, 400064

Tel : 91-22-42497000
Email : investor:shoppersstop.com
Website : http://www.shoppersstop.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532638
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE498B01024

FAQ’s on Shoppers Stop Ltd Shares

You can buy Shoppers Stop Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shoppers Stop Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 29, 2023 11:39 AM the closing price of Shoppers Stop Ltd was ₹ 759.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 29, 2023 11:39 AM, the market cap of Shoppers Stop Ltd stood at ₹ 8,322.28.

The latest PE ratio of Shoppers Stop Ltd as of May 29, 2023 11:39 AM is 70.05

The latest PB ratio of Shoppers Stop Ltd as of May 29, 2023 11:39 AM is 0.03

The 52-week high of Shoppers Stop Ltd is ₹ 820.00 while the 52-week low is ₹ 396.60

According to analyst recommendations, Shoppers Stop Ltd has a “Buy” rating for the long term.

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