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Business Standard
30-04-2025
- Business
- Business Standard
Shoppers Stop slips as Q4 PAT plunges 86% YoY to Rs 2 crore
Shoppers Stop declined 7.04% to Rs 513 after the company's standalone net profit tanked 88.56% to Rs 2.47 crore in Q4 FY25 from Rs 21.60 crore recorded in Q4 FY24. Revenue from operations increased 2.27% year on year (YoY) to Rs 1,022.36 crore in the fourth quarter of FY25. The firm posted a pre-tax loss of Rs 4.53 crore in Q4 FY25 compared to a pre-tax profit of Rs 28.48 crore for Q4 FY24. Gross margin was at 44.3% in Q4 FY25, compared to 40.5% registered in Q4 FY24. EBITDA declined 6% to Rs 187 crore in Q4 FY25 from Rs 199 crore recorded in the corresponding quarter the previous year. The average transaction value (ATV) rose 8% YoY to Rs 4,942 crore in Q4 FY25, led by premiumization. During the quarter, private brand sales were at Rs 145 crore, with an overall contribution of 11% to the sales and 16% to apparel sales. The beauty distribution business continued to outperform with Rs 67 crore sales during the quarter with over 61% YoY growth and Rs 236 crore YTD. Shoppers Stop opened 5 department stores, 1 beauty store, and 15 Intune stores in this quarter, aggregating to 21 stores during the quarter, while capex invested was Rs 52 crore for Q4 and Rs 192 crore in FY25. The firm's First Citizen members contributed 82% to overall sales, out of which 69% were repeat and 13% were new members. The company reported a GAAP EBITDA of Rs 187 crore in Q4 FY25, compared to Rs 199 crore in Q4 FY24. Non-GAAP EBITDA stood at Rs 38 crore in the March 2025 quarter, registering a growth of 2% YoY. Kavindra Mishra, MD and CEO, Shoppers Stop, said, Shoppers Stop delivered consistent performance despite continued softness in demand and a challenging macro environment. We achieved 4% revenue growth with 3% like-for-like growth (non-GAAP), marking the second consecutive quarter of LFL growth. Our two campaigns, India Weds with Shoppers Stop, a comprehensive wedding shopping experience offering a wide array of wedding-related products and services, and Gifts of Love, an initiative featuring a range of products designed to be given as gifts, celebrating love in various forms, are successful. Our strategy of premiumization continues to yield strong results, with premium brands contributing 65% of total sales, +7% YoY. This emphasizes our position as a destination of choice for modern Indian consumers seeking aspirational and world-class experiences. Our First Citizen loyalty program continues to be a cornerstone of our success, driving 82% of sales with growing repeat engagement. Despite the gradual demand recovery, we are optimistic due to structural changes like premiumization, customer engagement campaigns, and India's rising affluence and evolving consumer aspirations. We will continue to build strong momentum in premiumization, beauty, and value fashion INTUNE and focus on experiential retail, digital personalization, and expansion to drive sustainable growth in FY26 and beyond." Meanwhile, the company's board, in a meeting held on Tuesday, approved the appointment of Nirvik Singh as chairman, following the retirement of B.S. Nagesh. The change will be effective from 18 July 2025. Additionally, the board approved an additional investment of up to Rs 50 crore in Global SS Beauty Brands, its wholly owned subsidiary, through a subscription to rights issue. Shoppers Stop is the nation's leading premier retailer of fashion and beauty brands.
Fashion Network
30-04-2025
- Business
- Fashion Network
Shoppers Stop Q4 net profit down 91 percent to Rs 2 crore
Shoppers Stop Ltd, a leading fashion and beauty retailer reported a 91 percent decline in net profit to Rs 2 crore ($2,34,845), as against Rs 21 crore in the year-ago quarter. The company's revenue for the quarter rose by 2 percent to Rs 1,022 crore, as against Rs 1,000 crore in the corresponding quarter of the previous fiscal year. For the full financial year 2025, the company reported a revenue of Rs 4,436 crore with a net profit of Rs 6 crore. Commenting on the results, Kavindra Mishra, managing director CEO of Shoppers Stop in a statement said, 'Shoppers Stop delivered consistent performance despite continued softness in demand and a challenging macro environment. We achieved 4 percent revenue growth with 3 percent Like-for-Like growth, marking the second consecutive quarter of LFL growth.' 'Despite the gradual demand recovery, we are optimistic due to structural changes like premiumization, customer engagement campaigns, and India's rising affluence and evolving consumer aspirations. We will continue to build strong momentum in premiumization, beauty and value fashion with focus on experiential retail, digital personalization, expansion to drive sustainable growth in FY26 and beyond,' he added. During the quarter, Shoppers Stop launched 21 stores including 5 department, 15 Intune, and 1 beauty store.
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.>
Business Upturn
29-04-2025
- Business
- Business Upturn
Shoppers Stop Q4 FY25 Results: Net profit falls 91% YoY; Revenue rises 2% to Rs 1,022 crore
By Aditya Bhagchandani Published on April 29, 2025, 19:10 IST Shoppers Stop Limited reported a sharp 91% year-on-year (YoY) drop in consolidated net profit for the quarter ended March 31, 2025 (Q4 FY25), coming in at Rs 2 crore compared to Rs 21 crore in the same period last year. Despite the steep decline in profits, the company's revenue from operations rose 2% YoY to Rs 1,022 crore in Q4 FY25, compared to Rs 1,000 crore in Q4 FY24. ( Note: GAAP revenue was marginally impacted by a reclassification adjustment of Rs 41 crore; without this, sales growth would have been approximately 6%. ) Key consolidated financial highlights (Q4 FY25): Revenue from operations: Rs 1,022 crore vs Rs 1,000 crore (YoY) Total income: Rs 1,040 crore vs Rs 1,034 crore (YoY) EBITDA: Rs 187 crore vs Rs 199 crore (YoY) EBITDA margin: 18.3% vs 19.9% (YoY) Profit before tax (PBT): Rs (5) crore vs Rs 28 crore (YoY) Net profit (PAT): Rs 2 crore vs Rs 21 crore (YoY) Full-year FY25 performance: For the financial year ended March 31, 2025, Shoppers Stop reported: Revenue from operations: Rs 4,436 crore, up 5% from Rs 4,213 crore in FY24 Net profit: Rs 6 crore, sharply down from Rs 73 crore in FY24 EBITDA: Rs 751 crore vs Rs 767 crore in FY24 The company saw an improvement in its gross margin to 41.3% for the full year (up 60 basis points YoY), driven by premiumization and a strong private label performance. Management commentary: Commenting on the results, Kavindra Mishra, Managing Director and CEO of Shoppers Stop, said: 'Despite a challenging macro environment, we achieved consistent operational improvements and recorded 4% revenue growth on a like-for-like basis. Premiumization continues to be a key growth lever, with premium brands contributing 65% to total sales. Our loyalty program 'First Citizen' also remained strong, driving 82% of our sales.' He added that the company remains cautiously optimistic about FY26, focusing on experiential retail, expanding beauty and value fashion offerings through its INTUNE brand, and enhancing digital personalization. Strategic highlights: Premiumization: Premium brands accounted for 65% of total sales (+7% YoY). INTUNE: Value fashion brand INTUNE clocked Rs 54 crore sales in Q4, and Rs 192 crore for the full year, adding 52 new stores across 30 cities. Beauty segment: Beauty category sales stood at Rs 209 crore (excluding distribution) in Q4, with Global SS Beauty reporting Rs 67 crore in the quarter (+61% YoY). Expansion: The company added 21 stores during the quarter, including 5 department stores, 15 INTUNE stores, and 1 beauty store. Outlook: Shoppers Stop stated that although short-term demand trends remain volatile, long-term growth prospects remain positive due to rising affluence, premiumization trends, and strategic investments in new-age technologies like AI and automation. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
