Conference Call with Shoppers Stop Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Department Stores company Shoppers Stop announced Q2FY25 results Q2FY25 Sales of Rs 1,068 crore +4% YoY, EBITDA Rs 157 crore. H1FY25 Sales of Rs 2,102 crore +5% YoY, EBITDA Rs 302 crore (GAAP). Beauty outperformed +10%, led by Fragrance +17% contribution to total sales 17%. Expansion on Track; 25 New Stores, 19 INTUNE, 1 Department and 5 HomeStop Stores; INTUNE reaches Milestone of 50 Stores on October 1, 2024. First Citizen Club 10.9 million contributing 81% with repeat Sales 67%. Personal Shoppers +9%, Total strength 434. Premium categories contribution continues to improve, YoY 64% Vs 60%. Capex Investments @ Rs 43 crore. Kavindra Mishra, MD and CEO of Shoppers Stop, said: “Despite a challenging external environment, we remained resilient in our pursuit to deliver growth. Shoppers Stop delivered notable financial results though the demand was muted in July and August, impacted by fewer wedding dates, extended rains, and overall weak discretionary spending. We kept a relentless focus on investing behind our Premium Category, with increased offerings in Premium Category this quarter. We renovated and made our Malad Store (in Mumbai) as a destination for Premium offerings. Sales for the quarter were at Rs 1,068 crore, +4% with EBITDA at Rs 157 crore (GAAP). We had the first green shoot in September, with sales increasing by 12% (LTL +9%). The contribution from Premium Category increased by 4%, with an overall mix of 64% vs 60% a year ago. The Beauty category continue to outperform, Sales grew 10%, led by a fragrance +17% In other KPIs, Items Per Transaction (IPT) increased by 2%, Average Transaction Value (ATV) rose by 9%, and Average Selling Price (ASP) grew by 7%. Additionally,the Value Fashion Format “INTUNE” celebrated its 50th store opening during the quarter. Result PDF
Conference Call with Shoppers Stop Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.