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 better shopping experience through ‘personal shoppers’.
SSL reported highest ever Q3 sales with revenues being 14% higher than pre-Covid levels. Store additions have been healthy with opening of five new departmental stores.
Financial Highlights:
- Sales: Generated quarterly sales of Rs 1,207 crore, marking an increase of 7% YoY.
- Gross Margin: Gross Margin stood at 39.7% in Q3FY24.
- EBITDA (GAAP): EBITDA reached Rs 219 crore.
- Non-GAAP Results: Compared to Q3FY23, the company demonstrated a Sales growth of 4% to Rs 1,484 crore.
Performance by Segment:
- Beauty Segment: Showed a strong performance with a 10% growth, led by Fragrance at 41% and Makeup at 6%. The beauty segment contributed 18% to the overall sales mix.
- Private Brands: Achieved Rs 189 crore in sales with a 13% overall sales contribution and 19% contribution to apparel sales. Women's Indian Wear within this segment saw a 7% increase.
- Intune Stores: Added 4 new stores during the quarter with a full price sell-through of 65% and a kidswear mix at 27%.
Store Expansion:
- Added 13 new stores including 4 Department, 4 Beauty, 4 Intune, and 1 Airport store.
- Invested Rs 51 crore for expansion during the quarter with a total year-to-date capex of Rs 162 crore.
Loyalty Program and Customer Engagement:
- First Citizen Members: Contributed 78% to overall sales with 65% repeat and 13% new members. Premium Black Card members contributed 13% to the overall sales, up by 18% YoY.
- Customer Events: Held 118 customer events across all stores for an enhanced shopping experience.
Beauty Distribution:
- Sales: The beauty distribution business recorded Rs 39 crore in sales with the distribution network expanded to over 334 doors.
Balance Sheet:
- The company remains debt-free with a net cash surplus of Rs 40 crore.
Commenting on the Q3FY24 results, Kavindra Mishra, Executive Director and CEO, Shoppers Stop, said, “With considerable slowdown on the discretionary spending, we have demonstrated notable resilience in these tough conditions. Our Company has delivered admirable financial results with a Sales growth of 7% despite muted consumer demand. And during the festive period, the sales grew by 9% (LTL 5%). Average Transaction value grew by 6% driven by premiumization and Items per Ticket grew by 5%. Some of the outliers for Q3 are, that our external Brands both apparel and non-apparel have grown above average, with better yields on our KPIs. Our Home Stop has turned around and had an impressive growth of 10%, with a sale of Rs 42 crore. We reported a GAAP EBITDA of Rs 219 crore vs Rs 240 crore in FY23. Our EBITDA has been lower due to a one-time Income of Rs 17 crore as other Income in FY23 and we have made provision for obsolescence of circa Rs 9 crore during the quarter.
We have observed that despite the overall muted market conditions our customers have upped their spending on the differentiated mix of premium brands and experiences across various categories wherein SSL is a destination”.
| Financials( ₹ in Cr) | Shoppers Stop Ltd | Avenue Supermarts Ltd | Trent Ltd | Aditya Birla Fashion & Retail Ltd | Vedant Fashions Ltd |
|---|---|---|---|---|---|
| Price | 711.15 | 4,696.00 | 4,158.95 | 231.55 | 918.30 |
| % Change | 1.47 | 1.49 | 1.76 | 0.78 | 1.72 |
| Mcap ₹ Cr | 7,819.02 | 305,584.22 | 147,846.51 | 23,502.28 | 22,299.17 |
| Revenue TTM ₹ Cr | 4,022.13 | 42,839.56 | 8,242.02 | 12,417.90 | 1,354.93 |
| Net Profit TTM ₹ Cr | 116.01 | 2,378.34 | 393.69 | -59.47 | 429.11 |
| PE TTM | 106.31 | 123.74 | 173.51 | 0.00 | 53.85 |
| 1 Year Return | 21.91 | 33.91 | 205.56 | 3.51 | -27.75 |
| ROCE | 13.15 | 20.14 | 11.36 | 0.00 | 36.34 |
| ROE | 20.85 | 15.99 | 11.55 | 0.00 | 34.57 |
Equity Capital: 206.05 Cr FV: 5.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 24,289.49 | -9,580.22 |
| LAST 3M | 82,644.28 | 34,986.47 |
| LAST 6M | 142,142.07 | 66,572.41 |
| LAST 12M | 216,755.16 | 194,314.28 |
| 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 |
| : | company.secretary:shoppersstop.com; investor:shopp | |
| 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 Apr 19, 2024 03:49 PM the closing price of Shoppers Stop Ltd was ₹ 711.15.
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 Apr 19, 2024 03:49 PM, the market cap of Shoppers Stop Ltd stood at ₹ 7,819.02.
The latest PE ratio of Shoppers Stop Ltd as of Apr 19, 2024 03:49 PM is 106.31
The latest PB ratio of Shoppers Stop Ltd as of Apr 19, 2024 03:49 PM is 0.03
The 52-week high of Shoppers Stop Ltd share price is ₹ 888.50 while the 52-week low is ₹ 573.80
According to analyst recommendations, Shoppers Stop Ltd Share has a “Buy” rating for the long term.
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