Shoppers Stop Ltd. share price target

Q4 standalone sales grew 3% with SSS decline of 1.1%,as key stores were temporarily closed for renovation. Gross margin declined 90 bps due to lower contribution from private labels(down 200bps).

ICICI Securities Ltd | Retail Equity Research Shoppers Stop (SSL) reported disappointing Q4FY17 numbers wherein revenue and profitability were below our estimates SSL's Q4FY17 consolidated revenues grew 6% YoY to | 1332.9 crore (I-direct estimate of | 1442.5 crore), mainly driven by a healthy topline growth in HyperCity format of 16% YoY to | 254.3 crore vs. Idirect estimate of | 251.1 crore. However, departmental store reported disappointing revenue growth of 3% YoY to | 910.3 crore Consolidated EBITDA fell 16.1% YoY to | 31.2 crore compared to our...

Like-to-like volumes down 3.3% yoy. Non apparel mix improved to 38.5% led by beauty, personal care and leather categories. Private label mix declined by 250bps to 11%. Expect launch of Rheson brand to boost exclusive brands sales...

ICICI Securities Ltd | Retail Equity Research Shoppers Stop's (SSL) Q3FY17 consolidated results were above our expectations on both revenue and profitability fronts. SSL's Q3FY17 consolidated revenues grew 15.9% YoY to | 1542.7 crore led by strong growth in HyperCity stores by 21% to | 311.4 crore and 13% growth in departmental stores to | 1011.2 core. HyperCity recorded an impressive like to like (LTL) sales growth of 9.5% whereas departmental stores registered LTL growth of 6.4%...

ICICI Securities Ltd | Retail Equity Research Shoppers Stop's (SSL) Q1FY17 consolidated performance was below our estimates on revenue, profitability front. SSL reported 8.6% YoY revenue growth, which was aided by preponing of the End of Season Sale (ESOS) to the last week of June from usual first week of July Like to like (LTL) sales growth was a disappointment for both departmental & HyperCity stores. LTL sales growth for departmental store came in at 5.5% vs. our expectation of 8% whereas for...

ICICI Securities Ltd | Retail Equity Research Shoppers Stop's (SSL) consolidated Q4FY16 revenues grew 6.9% YoY to | 1260 crore (I-direct estimate | 1272.4 crore). Total operating...

S/L results: SHOP's sales grew by 9.7% YoY to INR9b (vs. our estimate of INR9.3b) in 4QFY16. LTL sales increased by 5.9%, with LTL volume up 5.4%. For stores less than 5 years/over 5 years old, LTL sales grew by 8.3%/ 5%,...

Shoppers Stop Q4FY15 results were higher than expectations both on revenue as well as EBITDA.TheRevenuegrewby9%withLTL(liketolike)growthofonly4.0%.EBITDAmargins increased by 90 bps (YoY) led by gross margin expansion of 180 bps. Hypercity reported...