Company Profile

Shoppers Stop has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 32.92% rise in its net profit at Rs 21.60 crore for the quarter under review as compared to Rs 16.25 crore for the same quarter in the previous year. Total income of the company increased by 10.18% at Rs 1,034.25 crore for Q4FY24 as compared Rs 938.69 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 62.55% rise in its net profit at Rs 23.18 crore for fourth quarter ended March 31, 2024 as compared to Rs 14.26 crore for the same quarter in the previous year. Total income of the company increased by 14.17% at Rs 1080.93 crore for Q4FY24 as compared Rs 946.81 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 38.04% fall in its net profit at Rs 73.88 crore as compared to Rs 119.25 crore for the previous year. However, total income of the company increased by 5.29% at Rs 4268.86 crore for year under review as compared to Rs 4054.43 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 33.41% fall in its net profit at Rs 77.25 crore as compared to Rs 116.01 crore for the previous year. However, total income of the company increased by 7.20% at Rs 4372.41 crore for year under review as compared to Rs 4078.86 crore for year ended March 31, 2023.

Shoppers Stop is currently trading at Rs. 718.15, up by 5.60 points or 0.79% from its previous closing of Rs. 712.55 on the BSE.

The scrip opened at Rs. 730.25 and has touched a high and low of Rs. 750.00 and Rs. 707.35 respectively. So far 11358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 889.75 on 09-Aug-2023 and a 52 week low of Rs. 623.00 on 02-Nov-2023.

Last one week high and low of the scrip stood at Rs. 750.00 and Rs. 707.35 respectively. The current market cap of the company is Rs. 7863.59 crore.

The promoters holding in the company stood at 65.54%, while Institutions and Non-Institutions held 29.60% and 4.86% respectively.

Shoppers Stop has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 32.92% rise in its net profit at Rs 21.60 crore for the quarter under review as compared to Rs 16.25 crore for the same quarter in the previous year. Total income of the company increased by 10.18% at Rs 1,034.25 crore for Q4FY24 as compared Rs 938.69 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 62.55% rise in its net profit at Rs 23.18 crore for fourth quarter ended March 31, 2024 as compared to Rs 14.26 crore for the same quarter in the previous year. Total income of the company increased by 14.17% at Rs 1080.93 crore for Q4FY24 as compared Rs 946.81 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 38.04% fall in its net profit at Rs 73.88 crore as compared to Rs 119.25 crore for the previous year. However, total income of the company increased by 5.29% at Rs 4268.86 crore for year under review as compared to Rs 4054.43 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 33.41% fall in its net profit at Rs 77.25 crore as compared to Rs 116.01 crore for the previous year. However, total income of the company increased by 7.20% at Rs 4372.41 crore for year under review as compared to Rs 4078.86 crore for year ended March 31, 2023.

Shoppers Stop has informed that the Nomination and Remuneration & Corporate Governance Committee (NRCGC) of the Company at its meeting held today April 29, 2024 has collectively allotted total 11,815 equity shares as follows: a) Total 6,722 equity shares of Rs 5 each, on account of exercise of vested Employee Stock Options by employees under Shoppers Stop Employees Stock Option Plan 2020 (ESOP 2020 Scheme). b) Total 5,093 equity shares of Rs 5 each, on account of exercise of vested Employee Stock Options by employees under Shoppers Stop Employees Stock Option Plan 2022 (ESOP 2022 Scheme). Post allotment of these shares, the share capital of the Company stands increased to Rs 54,98,06,560 divided into 10,99,61,312 shares of Rs 5 each. The details as required under Regulation 10(c) of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations,2021 (SBEB & SE) are given in ‘Annexure -I’ to this intimation. The NRCGC called for the aforesaid purpose on April 29, 2024, commenced at 12.30 pm and ended on 02.10 pm.

The above information is a part of company’s filings submitted to BSE.

Shoppers Stop and LoveChild by Masaba have joined forces to unveil newest Shop-in-Shop at Shoppers Stop, situated within the bustling confines of R City Mall, Ghatkopar. The Shop-in-Shop serves as a beacon for beauty enthusiasts seeking products that go beyond the conventional. In addition to the shop-in-shop kiosk, LoveChild by Masaba products will also be available on the Shoppers Stop Beauty online store.

The launch of the LoveChild by Masaba at Shoppers Stop, marks the beginning of a dynamic partnership between two entities dedicated to redefining beauty standards and empowering individuals to express themselves authentically. The new Shop-in-Shop embodies the essence of LoveChild by Masaba's ethos, offering a diverse array of high-quality products tailored for individuals of all ages, skin tones, and cultural backgrounds. 

LoveChild by Masaba is the esteemed beauty brand conceptualized by Indian fashion designer and actress Masaba Gupta. This strategic collaboration with Shoppers Stop aligns perfectly with the brand’s vision to explore the dynamic beauty and personal care market in India and marks a significant milestone in the brand's omnichannel expansion strategy, bridging the gap between online and offline shopping experiences.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

Shoppers Stop and Axis Bank have launched their co-branded Credit Card - the Axis Bank Shoppers Stop Credit Card. This partnership will offer an enriched shopping experience to cardholders for both the online and offline experiences. 

Axis Bank Shoppers Stop Credit Card marks the extension of Axis Bank’s credit card portfolio into the omnichannel shopping space. This collaboration will leverage Axis Bank’s innovative financial solutions, wide-spread branch network and geographical outreach across the country and Shoppers Stop’s strong network and its 9.8 million First Citizens Club member base. The power-packed co-branded credit card offers industry-best benefits and features ranging from welcome benefits to accelerated rewards on shopping, coupled with the convenience of fuel surcharge waivers, delightful dining privileges and many more.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.