Home / Knowledge / News / Apparel/Garments / Shoppers Stop Q4 retail turnover boosts 18%
Shoppers Stop Q4 retail turnover boosts 18%
03
May '14
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.”  
 
Click here to view full results.
 

Shoppers Stop


Must ReadView All

Textiles | On 28th May 2016

US to rethink on inclusion of Indian PET in GSP

With the US set to rethink the inclusion of polyethylene...

Textiles | On 28th May 2016

China’s textile exports marginally down in Jan-April

The exports of textiles and apparel from China dropped marginally...

Textiles | On 28th May 2016

MMF sector seeks anti-dumping duty on Chinese fabrics

Reeling under the impact of cheap Chinese fabrics, Surat’s textile...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

What are the latest technological innovations in the spinning industry?...

Dharmendra Shah
Ozone PB Spintex Limited

How has the Indian spinning industry fared in the last two years? What...

Siddharth Biyani
Mangalam Industries Pvt Ltd

How is the man-made fibre (MMF) industry shaping up? How is Mangalam...

Mark Paterson
Technical Absorbents Ltd

<b><i>Mark Paterson, R&D manager of Technical Absorbents Ltd talks about...

Kai Poehler
Voith Paper GmbH & Co. KG

<b><i>The glass mat industry is growing by five to eight per cent...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

"There are a lot of people wearing western clothes in India as well. But...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search