Shoppers Stop news and archive

Nars Cosmetics enters the Indian market

Nars Cosmetics, the Shiseido-owned beauty brand founded by make-up artist and photographer François Nars, has entered the Indian market at Shoppers Stop and Sephora ahead of its debut freestanding store in November. In a statement, Nars said its products would be available online at Shoppers Stop and Sephora, as well as in select stores across...

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Shoppers Stop reports drop in Q2 profit

For the second quarter, Indian department store Shoppers Stop Ltd. recorded sales of 1,025 crore rupees, up 2 percent on GAAP basis and flat on non-GAAP basis. Gross margin dropped 50 basis points to 40.7 percent, Ebitda dropped 2.8 percent to 170 crores, profit before and after tax was 2 crore compared to 24 crore and 18 crore, respectively....

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Shoppers Stop posts Q1 sales growth of 4 percent

Shoppers Stop Ltd. delivered revenue for growth of 4 percent in the first quarter of FY24 to Rs 1,241 crores. The company’s profit after tax declined to Rs 13 crores and profit before tax to Rs 19 crores compared to Rs 23 crores and Rs 32 crores, respectively. Commenting on the first quarter results, Venu Nair, MD & CEO at Shoppers Stop said: “...

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Shoppers Stop posts strong growth in revenue and profit

Shoppers Stop reported fourth quarter revenue of Rs 1,175 crore, up 32 percent, while EBITDA reached Rs 55 crore compared to Rs 13 crore in the same quarter of FY22. PBT for the quarter was Rs 14 crore. For the full year, the company’s revenue reached Rs 5,066 crore, up 63 percent, EBITDA, 324 crore and PBT was Rs 164 crore. Commenting on the...

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Shoppers Stop posts profit, Q2 sales jump 62 percent

For the second quarter, Shoppers Stop reported 62 percent increase in sales to 1,270 crore, while EBITDA jumped by 6762 percent to 75 crore. The company said that PBT was 32 crore against a loss of 44 crore in the same quarter last year and PAT was 25 crore against the loss of 43 crore. Commenting on the second quarter update, Venu Nair, MD &...

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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...

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Shoppers Stop Q3 sales and profit grow

Shoppers Stop Limited reported a sales rebound of 35 percent year-on-year to Rs 1070 crores in the third quarter, close to pre-covid levels. The company said in a statement that EBITDA improved by 57 percent to Rs 197 crores while the gross margin grew by 170 basis points to 36 percent driven by robust demand recovery and tight control on costs....

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Amazon India buys 5 percent stake in Shoppers Stop

Amazon India announced over the weekend the acquisition of a minority stake in multi-retailer Shopper Stop. The Rs 179.25-crore deal entitles Amazon to sell its products online exclusively on the e-retailer's website. As revealed in a BSE filing, the board has approved issuing 43.95 lakh equity shares of Rs 5 each, at price of Rs 407.78 a piece,...