Department Stores company Shoppers Stop declares Q4FY22 result: Rising footfall lifts Sales by 45% YoY to Rs. 3111 Crores in FY22 Revenue improves by 8% YoY to Rs. 890 Crores in Q4FY22 Private Brands revenue grows by 9% YoY Beauty Segment revenue up by 9% YoY E-commerce sales continue to grow, up by 5% Post the Omicron wave in January, the Company has seen a sharp recovery in footfalls. March revenue is up by 40% over FY21. The good momentum peaks in April with a double-digit growth over the pre-covid period The Average Selling Price (ASP) has improved by 17% YoY and the Average Transaction Value (ATV) by 17% YoY in Q4FY22, primarily due to premiumization Profit before Tax before one-off (- Rs 26 Cr) vs (- Rs 28 Cr) in Q4FY21 and after one-offs, Rs (47 Cr) Net Debt at near zero levels, despite Covid impacting January 2022 Key Financial Highlights for Year ended 31st March 2022: Given our vast network of physical stores, Shoppers Stop has witnessed a strong recovery due to easing off restrictions, the return-to-office trend and the higher customer footfalls. Revenue increases by 45% YoY to Rs.3111 Crores in FY22 Gross Margins up by 70bps YoY Private Brands revenue grows by 45% YoY Beauty Segment revenue up by 55% YoY E-commerce sales grow by 59% Overall customer footfall increased by 56% YoY in FY22. The Average Selling Price (ASP) also gained 18% YoY and the Average Transaction Value (ATV) improved by 15% YoY. Improved margins on back of higher volumes, better operating leverage, cost rationalization, store optimization, prudent inventory management, and zero debt are potential triggers that would sustain the Company performance Losses were significantly reduced by 65% to (-) Rs 88 crores on GAAP Financials Mr Venu Nair, MD & CEO at Shoppers Stop, said, "The Company ended the quarter on a satisfactory note despite Q4FY22 getting disrupted due to the partial lockdowns caused by the Omicron wave in January. The underlying demand continued to be strong across all businesses with most segments posting a Y-o-Y growth over a very strong Q4 FY21 base. The network expansion and campaigns have continued to progress well in anticipation of an upbeat FY23 - expected to be a normal year after a gap of two years of lockdowns.” Result PDF