The company registered a nine per cent on-year rise in sales as it went from Rs 1,207 crore in the third quarter of the fiscal 2024 (Q3FY24) to Rs 1,311 crore in Q3FY25
Marking an improvement in its performance, Shoppers Stop, a department store with premier fashion and beauty brands has registered a 37 per cent year-on-year (YoY) increase in its profit after tax (net profit) in the third quarter of the current financial year (Q3FY25). The company posted a net profit of Rs 49 crore in the quarter, as compared to Rs 35 crore in Q3FY24, with GAAP (generally accepted accounting principles) measures.
The financial results of the company revealed that it registered a nine per cent YoY rise in sales as it went from Rs 1,207 crore in Q3FY24 to Rs 1,311 crore in Q3FY25. The gross margin stood at 40.7 per cent in Q3FY25 from 39.7 per cent in Q3FY24.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 262 crore in the recently concluded quarter, as compared to Rs 219 crore in the corresponding period of the previous fiscal.
“We have delivered healthy volume-led revenue growth of nine per cent and LFL growth of four per cent, despite higher inflation and decline in consumer spending…The Beauty category continues to grow, Sales grew + three per cent, led by a Fragrance +14 per cent. Our flagship store at Inorbit Malad, Mumbai, has been fully renovated and is now operational, featuring premium product offerings and enhanced customer experiences,” stated Kavindra Mishra, Managing Director (MD) and Chief Executive Officer (CEO) of Shoppers Stop.
The company added that as at Q3 end, it has opened 59 Intune stores across 25 cities. Intune generated sales of Rs 63 Crore in Q3 and year to date Rs 138 Crore. With a focus on driving profitable growth, private brands sales was at Rs 186 Crore, contributing 12 per cent to overall sales and 18 per cent in the apparel segment, as per the company’s statement.
