Latest news with #GlobalSSBeautyBrands
Business Standard
2 days ago
- Business
- Business Standard
Shoppers Stop net loss narrows to Rs 18 crore in Q1 FY26
Shoppers Stop's standalone net loss narrowed to Rs 17.89 crore in Q1 FY26, compared with Rs 22.51 crore reported in Q1 FY25. However, revenue from operations increased 5.85% year on year (YoY) to Rs 1,094.19 crore in the first quarter of FY26. The firm posted a pre-tax loss of Rs 22.83 crore in Q1 FY26, compared to a pre-tax loss of Rs 31.45 crore for Q1 FY25. The company reported a GAAP EBITDA of Rs 176 crore in Q1 FY26, compared to Rs 146 crore in Q1 FY25. Non-GAAP EBITDA stood at Rs 26 crore in the June 2025 quarter, registering a growth of 68% YoY. The company reported a GAAP gross margin of 40.9% for Q1 FY26, marginally higher than 40.6% in the corresponding quarter of FY25. Meanwhile, non-GAAP gross margin stood at 37.6% for the June 2025 quarter, slightly down from 37.7% in Q1 FY25. The average transaction value (ATV) rose 6% YoY to Rs 5,169 crore in Q1 FY26. During the quarter, private brands sales for the quarter were at Rs 156 crore with a contribution of 13% to Sales and 18% on apparels sale. The companys wholly-owned subsidiary, Global SS Beauty Brands, continued its strong performance, reporting sales of Rs 84 crore in Q1FY26, a robust year-on-year growth of 117%. The company's First Citizen programme remained a major growth driver, contributing 85% to overall sales. Beauty distribution revenue stood at Rs 84 crore in Q1 FY26, registering a robust 117% year-on-year growth. INTUNE, the companys fashion and lifestyle retail format, posted sales of Rs 68 croredoubling its performance over the previous year. During the quarter, the company opened four new INTUNE stores, with capital expenditure amounting to Rs 21 crore. Commenting on the Q1FY26 performance, Kavindra Mishra, CEO and MD of Shoppers Stop, said, We have delivered an impressive performance. Consumers are becoming more discerning and are willing to spend more. In a crowded marketplace, premiumisation allows retailers to stand out. As a leader in premium category products, our initiatives helped increase the contribution of our premium portfolio to 67%, reflecting 8% year-on-year growth and 9% like-for-like (LFL) growth. Outlook for FY26 The company remains committed to its premiumisation strategy and plans a series of new launches aimed at increasing the premium portfolios share to 70% by the end of FY26. Shoppers Stop is optimistic that an above-average monsoon and recent cuts in income tax rates will boost consumer demand. In addition, the retailer will focus on inventory optimisation to ensure the right products at the right time, while also working to strengthen cash flows. Meanwhile, B.S. Nagesh has stepped down as chairman of Shoppers Stop, bringing to a close a leadership tenure spanning over three decades. His retirement, announced at the companys Annual General Meeting on Thursday, marks the end of an era for the Mumbai-based retailer, which is currently navigating a phase of senior-level exits and intensifying market competition. The board of Shoppers Stop has appointed Nirvik Singh, International President at global advertising and marketing agency Grey Group, as the new Chairman, effective 18 July. Singh has been a member of the companys board since June 2008. Shoppers Stop is the nation's leading premier retailer of fashion and beauty brands. Shares of Shoppers Stop declined 4.40% to Rs 545 on the BSE.
Time of India
30-04-2025
- Business
- Time of India
Shoppers Stop profit falls 91.4 pc to Rs 2 cr in Q4
New Delhi: Retail chain Shoppers Stop on Tuesday reported a 91.4 per cent decline in consolidated profit to Rs 1.99 crore in the March quarter. The company had posted a net profit of Rs 23.18 crore in the year-ago period, Shoppers Stop said in a regulatory filing. However, its revenue from operations was up 1.68 per cent to Rs 1,064 crore in the March quarter. It was at Rs 1,046.34 crore a year ago. Its total expenses were Rs 1,089.76 crore in the fourth quarter of the previous fiscal year, up 3.85 per cent. Shoppers Stop MD and CEO Kavindra Mishra said, "Shoppers Stop delivered consistent performance despite continued softness in demand and a challenging macro environment. We achieved 4 per cent revenue growth with 3 per cent like-for-like growth (Non-GAAP), marking the second consecutive quarter of LFL growth." For FY25, Shoppers Stop's net profit was down 86 per cent to Rs 10.89 crore. It was at Rs 77.25 crore in FY24. In FY25, Shoppers Stop's revenue from operations was up 7.2 per cent to Rs 4,627.64 crore. Meanwhile, in a separate filing, the Raheja family-promoted retail firm, informed its board in a meeting on Tuesday about the approval to the appointment of Nirvik Singh as Chairman following the retirement of B S Nagesh. The change is effective from July 18, 2025. Moreover, its board has also approved additional investment in Global SS Beauty Brands, its wholly owned subsidiary up to Rs 50 crore, by way of subscription to rights. On the outlook, Mishra said: "Despite the gradual demand recovery, we are optimistic due to structural changes like premiumisation, customer engagement campaigns, and India's rising affluence and evolving consumer aspirations. We will continue to build strong momentum in premiumisation, beauty and value fashion Intune and focus on experiential retail, digital personalisation, expansion to drive sustainable growth in FY26 and beyond." Shares of Shoppers Stop on Tuesday settled at Rs 551.85 on the BSE, up 1.49 per cent from the previous close.>
