Departmental store company Shoppers Stop announced Q2FY23 results: PBT Rs 32 crore against a loss of Rs 44 crore PAT of Rs 25 crore against the loss of Rs 43 crore Debt Free with surplus cash of Rs 13 crore Mr. Venu Nair, MD & CEO at Shoppers Stop, commented on the Q2 FY23 results, "The momentum from last year and first quarter of this year continued. Our strong second quarterly numbers reflect the adopted strategy delivering our results. Customer sentiments remain upbeat, which is reflecting in Footfalls, Average Selling Price, Average Transaction Value and other KPI’s. Our continued improvement in Customer Experience, engagement and improved data analytic capabilities are providing us the competitive edge to remain ahead of the curve. Our Store expansion plan is on track and we should open 12-15 stores during the year, with 6 stores to be opened in October and November. We are extremely happy to inform you that we have forayed distributing International Beauty Brands with exclusive rights in India. This will enable us to bring newer brands in the Country, further enhancing our strong presence in Beauty." Result PDF