Home / Knowledge / News / Apparel/Garments / Shoppers Stop earns Rs 910.2 crore revenue in Q417
Shoppers Stop earns Rs 910.2 crore revenue in Q417
08
May '17
Shoppers Stop, India's prominent retail group has earned a revenue from operations of Rs 910.2 crore in the fourth quarter of fiscal 2017, recording a 3 per cent rise as compared to the revenue of Rs 882.4 crore in Q4 FY16. The company reported total revenue of Rs 3648 crore for the year ended FY17, a rise of 9 per cent as compared to Rs 3354.8 core in FY16.

Shoppers Stop witnessed a net loss of Rs 36.06 crore on standalone basis in Q4 FY17 due to onetime provision for investment impairment considered for Hypercity for Rs 36 crore and NGIPL for Rs 11.8 crore in Q4.

EBIDTA of the retail group was at Rs 58.3 crore, recording a growth of 2.1 per cent over Q$ FY16. It also expanded its membership base by adding 112,407 new members to the First Citizen Loyalty Programme in Q4 FY17. The program now has a total First Citizen base of 4.7 million members.

"This year has been disruptive on several fronts, as we have seen a lot of changes in global politics and domestic economic policies such as demonetisation. On the back of these headwinds, FY17 has seen a softer growth of 9 per cent. We are very positive about FY18 as we have a slew of exciting actions to bring Romance back to Retail. We will also see our investments in Omni-channel, digitisation of stores and our e-commerce push bear fruit in the coming year," said Govind Shrikhande, customer care associate & managing director of Shoppers Stop.

Shoppers Stop currently has close to 80 stores, including 6 airport stores in 38 cities. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Jan 2021

UK factories concerned over shortage of materials, workers

Concerns of UK manufacturers regarding shortage of low-wage workers...

Pic: Shutterstock

Retail | On 27th Jan 2021

US holiday season hit by understaffing, high turnover

The versatility and resilience of retailers helped many stores...

Pic: Wikipedia/Sabyasachi

Fashion | On 27th Jan 2021

ABFRL acquires 51% stake in Sabyasachi brand

Aditya Birla Fashion and Retail Limited, India’s leading fashion...

Interviews View All

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Tolga Ozkurt,

Tolga Ozkurt

Çalik Denim is among the world's top 10 premium denim manufacturers...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


January 2021

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


Advanced Search