: 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’.
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.
Department stores company Shoppers Stop announced Q4FY23 & FY23 results:
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."
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 |
| Date | Action Type | Ratio |
|---|---|---|
| No data found |
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.
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Umang Towers 5th Floor B Wing, Mindspace Link Rd Malad (West), Mumbai, Maharashtra, 400064
| Tel | : | 91-22-42497000 |
| : | 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 |
| NSE Code | : | SHOPERSTOP |
| Book Closure Date (Month) | : | Jul |
| BSE Group | : | A |
| ISIN | : | INE498B01024 |
FAQ’s on Shoppers Stop Ltd SharesYou 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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