Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Senior Management of the Company will be meeting representatives from Girik Capital, organised by Motilal Oswal Securities Limited on Thursday, August 18, 2022 at 10:30 am to 11:30 am. This disclosure is made available on the corporate website of the Company and can be accessed using below link: https://corporate.shoppersstop.com/investors/disclosures-under-listing-regulations/ Note: The above schedule is subject to change depending upon exigencies, inter-alia, of this officials or of the Company. Kindly take the same on the records.
Shoppers Stop: STOP finally hit normalcy in Q1. Revenue grew at 4% CAGR (three-year) to INR9.4bn. Key underpinnings: (1) improving footfalls and (2) higher bill sizes (three-year CAGR: 10%). Store additions and pipeline remain healthy. STOP added six new stores in Q1. Profitability exceeded expectations, led by (1) revival of scale (operating leverage), (2) lower inventory markdowns, (3) higher full price, and (4) improving skew towards private labels. EBITDAM came in at 17.2% (HSIE: 11.4%). We've revised our FY24/25 EBITDA estimates (35/33% resp) to account for the new rigour in store expansion and assortment management. However, long-term risks to business longevity remain, given the company's direct conflict with deep-pocketed e-tailers. We maintain SELL, with a revised DCF-based TP of INR 370/sh (earlier INR 255/sh), implying 15x Jun-24 EV/EBITDA. Neogen Chemicals: Our BUY recommendation on Neogen Chemicals (NCL) with a target price of INR 1,930/sh is premised on (1) increasing contribution of the high-margin CSM business to revenue; (2) entry into the new-age electrolyte manufacturing business; (3) capacity-led expansion growth opportunity; (4) constant focus on R&D; and (5) improving return ratios and strong balance sheet, going forward. Q1 EBITDA/APAT were 18/27% below our estimates, owing to higher-than-expected employee costs, higher-than-anticipated other expenses, higher-than-expected finance costs, and higher-than-expected tax outgo. Sudarshan Chemical: We maintain a BUY recommendation on Sudarshan Chemical Industries Ltd (SCIL), with a target price of INR 585/share. We expect SCIL's PAT to grow at 28% CAGR over FY22-24E, led by 25% EBITDA CAGR. Two major global players shifting away from the pigment business is a...
We refer to your BSE circular notice no. 20220715-14 dated July 15, 2022 for filing the BRSR in PDF mode under the path Listing Compliance - Corporate Announcement - Security Type (Equity and Debt/CP) - Scrip Code - Category / Sub-Category -Business Responsibility and Sustainability Reporting (BRSR). Accordingly, please find attach herewith Business Responsibility and Sustainability Report (BRSR) which forms part of Annual Report FY 2021-2022. The aforesaid documents along with full set of Annual Report and Notice of 25th AGM are available on the corporate website of the Company at https://corporate.shoppersstop.com/investors/annual-report/. Kindly take the same on record.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had filed letters ref. no. SEC/43/2022-23 dated July 19,2022 in respect of the analyst / investors conference call and ref. no. SEC/50/2022-23 dated July 28, 2022 in respect of Audio Recording of analyst / investors conference call, on Wednesday, July 27, 2022 11:00 a.m IST to discuss the corporate performance for the quarter ended June 30, 2022. In respect of the same and as required under Regulation 46, we are pleased to submit herewith the transcript of the earnings conference call held on July 27, 2022. The same is simultaneously being made available on the website of the Company. Kindly take the same on records.
Pursuant to the provisions of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith, copies of the newspaper advertisements publishing the Un- Audited Financial Results for the quarter ended June 30, 2022 (approved at the meeting of the Board of Directors of the Company held on Tuesday, July 26, 2022) in Free Press Journal and Navshakti on June 28, 2022. We request you to take the same on records.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20151 the Company had filed its letter ref. no. SEC/43/2022-23 dated July 19,20221 in respect of the analyst / investors conference call on Wednesday, July 27, 2022 11:00 a.m 1ST to discuss the corporate performance for the quarter ended June 301 2022. In respect of the same and as required under Regulation 30 and 461 we are pleased to inform that the audio recording of the earnings call is made available on the Company website https://corporate.shoppersstop.com/ on the link https://corporate.shoppersst op.com/ transcript-of-agm/ Kindly take the same on records.
Pursuant to applicable provisions of the Companies Act, 2013 read with the Rules made thereunder and Regulation 44 of the SEBI Regulations, the Company had provided to the Members, the facilities of 'Remote E-Voting' and 'E-voting at 25th AGM ('e-voting at the AGM')', to cast their vote(s) on the resolutions set out in the Notice of the AGM of the Members of the Company held on July 26, 2022, through Video conferencing / Other Audio Visual Means. The Company had appointed Mr. Kaushal Dalal of M/s. Kaushal Dalal & Associates, Practicing Company Secretaries, as the scrutinizer to scrutinize the entire voting process. In this connection, we hereby enclose the consolidated voting results (i.e result of Remote e-Voting and e-voting at the AGM) on the business transacted at the AGM, in the format prescribed under Regulation 44(3) of the SEBI Regulations, together with Scrutinizer's Report thereon