Shoppers Stop posts 45 percent revenue growth in FY22

Shoppers Stop Limited, posted full year revenue increase of 45 percent to Rs 3,111 crores, while gross margin was up 70bps. Private brands revenue also rose by 45 percent, beauty segment revenue by 55 percent and ecommerce sales growth was 59 percent. The company’s losses were significantly reduced by 65 percent to negative Rs 88 crores on GAAP basis.