Shoppers Stop on shoppers list

Shoppers Stop posted an encouraging set of earnings for Q3FY25 and the market seems to have given it a thumbs up. The stock opened 7% higher at Rs.665 and rose further to Rs.688, up 11%. Its 52-week high is at Rs.943.65 and low at Rs.574.40.

The company posted a 9% (YoY) jump in sales at Rs.1311 crore. EBITDA came in at Rs.262 crore, up 20% and PAT for the quarter was at Rs.49 crore, up 37%. Premium categories contributed 64% to total revenue while private brands generated healthy margin growth, driven by lower markdown and obsolescence. The Beauty category sales grew 3%, led by  Fragrance, up 14%.

The company launched 16 stores in this quarter, including 9 INTUNE, 6 SS Beauty stores, and 1 Department Store. The total capex spend was Rs 53 crore. It is planning to add 26 INTUNE and 6 Department stores during Q4 this year.