India : Shoppers Stop revenues jump 9% in Q4FY15

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Shoppers Stop revenues jump 9% in Q4FY15

02
May '15

Shoppers Stop Ltd (SSL), an India based operator of various retail formats reported a revenue jump of 9 per cent from the year ago quarter in the fourth fiscal quarter ended March 31, 2015.

In a press release, SSL said it recorded a gross retail turnover of Rs.907.2 crores for the quarter ended March 31, 2015 as against Rs. 829.8 crore in the corresponding period last year.

EBIDTA at Rs.49 crore surged 29 per cent in the quarter under review over the corresponding quarter of previous fiscal.

For fiscal 2015, SSL clocked a turnover of Rs. 3370 crore for the year compared to Rs. 3017 crore in fiscal 2014, higher at 11.7 per cent, while like-for-like rose slower at 5 per cent.

Net profit for fiscal 2015, climbed 10 per cent to Rs. 40.7 crore as against Rs. 37.0 crores in the previous fiscal, while EBIDTA at Rs. 188.9 crore witnessed a year over year growth of 23 per cent.

During the reporting fiscal, SSL added 6 Shoppers Stop, 1 HomeStop, 4 M.A.C, 2 Clinique, 3 Bobbi Brown, 1 Hypercity, 21 Crossword, and 3 Mothercare stores.

According to SSL, its fashion format, Shoppers Stop with 72 stores across 34 cities in India continues to grow and expand its retail footprint, while its home décor format, HomeStop operates 19 stores in 12 cities.

SSL MD Govind Shrikhande said, “Our fiscal 2015 results have been very satisfactory owing to our sustained engagement with customers and our internal operating efficiencies.”

“While Shoppers Stop continues to do well, HyperCity too has shown significant improvement over last year, which resulted in higher sales in fiscal 2015 as against its previous fiscal,” he added.

“Going forward, our omni-channel initiatives will be a key pillar of our growth strategy and for this purpose, we have signed a new technology platform for our e-tailing initiative,” Shrikhande informed.

“We are confident that the coming financial year will see an upswing in our business on the back of our omni-channel efforts,” he noted.

During the fiscal under review, SSL was awarded 25th rank in the ‘Great Places to Work in Asia’ awards.

It also bagged a number of awards at ‘Loyalty Summit: Customer Choice Loyalty Programme Awards’, which includes, Best Loyalty Programme in the Retail Sector and Direct Marketing Campaign of the Year.

Driving ahead its successful loyalty program, SSL expanded its membership base adding 100,986 new members to the program in the fourth quarter and which now has over 3.73 million members. (AR)

Fibre2fashion News Desk - India

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