Shoppers Stop Ltd (SSL), 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.829.8 crores for the quarter ended March 31st, 2014 as against Rs.701.0 crores in the corresponding period last year; up 18%. Net Profit stood at Rs.8.1 crore for the quarter ended March 31st, 2014.
Highlights of Q4FY14
-Gross Retail Turnover touches Rs. 829.8 crore; a jump of 18% over Q4FY13
-Like-to-like growth at 8.4%
-EBIDTA stood at Rs.37.9 crore.
-Net profit stood at Rs.8.1 crore
-86,238 members added to First Citizen Loyalty Programme
-Crossed 5.33 million fans on Facebook
-Total stores added in the quarter: 2 Shoppers Stop stores, 1 clinique store,1 Estee Lauder store and 7 Crossword stores.
Highlights of FY14
-Gross Retail Turnover touches Rs. 3017.0 crore; a jump of 19%
-Like-to-like growth at 10.2%
-EBIDTA at Rs. 153.6 crore; a jump of 17.5%
-Net profit stood at Rs.37.0 crore
-4,08,403 members added to First Citizen Loyalty Programme
-Total stores added during the year: 13 Shoppers Stop, 5 HomeStop, 5 M.A.C,7 Clinique, 3 Estee
-Lauder,1 Bobbi Brown, 4 Hypercity, 13 Crossword (Including Franchised) store(s)
The company reported an annual turnover of Rs.3017.0 crores for the year ended FY14 as compared to Rs.2531.6 crores in FY13 reporting a rise of 19%. Net Profit stood at Rs.37.0 crore for the year ended FY14.
With 67 stores across 31 cities in India, Shoppers Stop continues to grow and expand its retail footprint. This quarter, SSL added two new Shoppers Stop stores in Raipur and Ghaziabad, One Clinique Stores in Pune and one Estee Lauder store in Kolkata and seven Crossword stores in Gandhidham, Pune, Mumbai, Surat, Raipur and Kalyan.
Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding 86,238 new members to the First Citizen Loyalty Programme in Q4 FY14. The programme now has a total First Citizen base of over 32.96 lac members.
Speaking on the financial performance; Mr. Govind Shrikhande – Customer Care Associate & Managing Director, Shoppers Stop Ltd. said, “Our focus remains on expansion in the department store category and achieving profitability in Hypercity. SSL added 2 stores in this quarter taking the total store addition count to 13 in FY14. In the coming year, we aim to maintain a healthy like-to-like growth in the department store format.”