Shoppers Stop Ltd, India’s prominent retail group (operator of large format department stores, home stores, specialty stores like Crossword, Mothercare, M.A.C, and hypermarkets) reported a gross retail turnover of Rs.787.5 crores for the quarter ended December 31st, 2013 as against Rs.677.7 crores in the corresponding period last year; up 16%. Net Profit stood at Rs. 17.3 crore for the quarter ended December 31st, 2013.
Highlights of Q3FY14
-Gross Retail Turnover touches Rs.787.5 crores; a jump of 16% over Q3FY13
-Like-to-like growth at 5.5%
-EBIDTA at Rs.52.6 crores a growth of 16% over Q3FY13
-1,23,834 members added to First Citizen Loyalty Programme
-Crossed 5.1 million fans on Facebook
-Total stores added in the quarter: 4 Shoppers Stop stores, 1 HyperCity store, 3 HomeStop stores, 2 Clinique doors, 2 M.A.C doors, and 3 Crossword stores.
With 65 stores across 32 cities in India, Shoppers Stop continues to grow and expand its retail footprint. This quarter, SSL added 4 new Shoppers Stop stores in Raipur, Hyderabad, Chennai and Jaipur international airport, 1 HyperCity store in Hyderabad, 2 M.A.C doors in Surat and Kolkata, 2 Clinique doors in Surat and Kolkata, 3 HomeStop stores, 2 in Bengaluru and one in Hyderabad and 3 Crossword stores in Jaipur, Pune and Cochin.
Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding more than 1,23,834 new members to the First Citizen Loyalty Programme in Q3 FY14. The programme now has a total First Citizen base of over 32.12 lac members.
Speaking on the financial performance, Mr. Govind Shrikhande – Customer Care Associate & Managing Director, Shoppers Stop Ltd. said, “Q3 is the peak festive shopping quarter for retailers with the festive season starting in October and continuing all the way till Christmas & New Year celebrations in December. We have witnessed a healthy Sales and EBIDTA growth of 16% during this quarter. Our focus remains on expansion in the department store category and achieving profitability in HyperCity. We are also looking at higher visibility from our Social Media initiatives. Our Facebook Fan club has crossed over 5.1 million fans and our loyalty franchise ‘First Citizen Programme’ continues to grow its member base while contributing significantly to the top-line.”