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Shoppers Stop Q3 FY15 Results for the Quarter Ended December 31st, 2014

Gross Retail Turnover grows by 7.3%

Jan 30, 2015   16:18 IST 
Mumbai, Maharashtra, India

Highlights of Q3FY15

  • Gross Retail Turnover touches Rs. 844.77 crore; a jump of 7.3% over Q3FY14

  • EBIDTA at Rs.53.57 crore a growth of 1.8% over Q3FY14

  • 1,20,622 members added to First Citizen Loyalty Programme

  • Crossed 6.6 million fans on Facebook

  • Total stores added in the quarter: 1 Shoppers Stop store, 1 Bobbi Brown store, 1 Mothercare SIS Store, 2 Crossword stores.

 

Total Retail area – 42.21 lacs sq. ft.

Total First Citizens members – 36.35 lacs

 

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) today reported a gross retail turnover of Rs.844.77 crore for the quarter ended December 31st, 2014 as against Rs.787.49 crore in the corresponding period last year. Net Profit for the quarter stood at Rs.13.77 crore.

 

With 73 stores across 34 cities in India, Shoppers Stop continues to grow and expand its retail footprint. This quarter, SSL added one new Shoppers Stop store in Mangalore, one Bobbi Brown store in Delhi, One Mothercare SIS store in Vizag and two Crossword stores in Bengaluru and Kohima.

 

Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding 1,20,622 new members to the First Citizen Loyalty Programme in Q3FY15. The programme now has a total First Citizen base of over 36.35 lac members.

 

Speaking on the performance, Mr. Govind Shrikhande – Customer Care Associate & Managing Director, Shoppers Stop Ltd; said, “Shoppers Stop Ltd; continues its growth trajectory by adding new stores across formats. The loyalty members have also grown to 3.6 million members who contribute considerably to the topline. We are formulating our omni-channel retailing approach over the next few months. We are confident that our omni-channel efforts will help us in countering the disruption created by online players.”

 

During the quarter, the Shoppers Stop brand was selected as a ‘SUPERBRAND’ in India for the fourth consecutive year, and was also selected as “100 MOST VALUABLE BRANDS OF THE YEAR 2014”.

 

Shoppers Stop and its retail invested companies operate the following number of stores/doors as on December 31st, 2014 :

 

Mixed Retailing:

HyperCity – Currently has 15 stores, spread over an area of 12.17 lacs sq ft.

Key Highlights of performance: Sales up by 6%

Like to like sales per sq.ft. growth 19.7%

Margin growth 120 Basis Points

2nd consecutive quarter of Break Even at Company level EBIDTA.

First Quarter of PAT Profit.

 

Fashion & Home Retailing:

  • Shoppers Stop – Currently has 73 stores in 34 cities

  • HomeStop (Home Décor) – Currently has 19 stores in 12 cities

 

Specialty Retailing:

  • Mothercare (Maternity, Infant Care) – The exclusive franchise agreement for departmental stores with Mothercare Plc UK. Currently there are 43 stores of Mothercare (including 3 standalone stores).

  • Crossword (Book stores) – Currently has 96 stores.

  • M.A.C (Cosmetics) – The retail agreement with Estee Lauder to open M.A.C stores. Currently has 36 stores with a presence in Mumbai, Bengaluru, Delhi, Amritsar, Chennai, Hyderabad, Pune, Gurgaon, Noida, Ludhiana, Chandigarh, Surat and Kolkata.

  • Clinique (Cosmetics) – Currently has 25 stores (including 13 standalone) in Mumbai, Bengaluru, Delhi, Kolkata, Hyderabad, Amritsar, Chandigarh, Surat, Kolkata and Pune.

  • Estee Lauder - Currently has 9 stores (including 2 shop-in-shops), one each in Bengaluru, Mumbai, Chennai, Delhi and Gurgaon.

  • Bobbi Brown – Currently has 3 stores, in Delhi & Gurgaon.

 

Other Initiatives:

  • Airport Retailing –2 duty free store is run by the JV Company, one at international airport at Bengaluru and 2nd at International airport at Mumbai.

  • TimeZone Entertainment – Currently has 23 doors.

 

About Shoppers Stop Ltd.

Shoppers Stop Ltd., a pioneer in modern retailing in India, has been promoted by K Raheja Corp. Group (Chandru L. Raheja Group), one of the leading groups in the business of real estate development and hotels in the country. Shoppers Stop Ltd along with its Subsidiaries Crossword Bookstores Ltd and Hypercity Retail (India) Ltd; and Joint Venture Companies Timezone Entertainment Pvt. Ltd and Nuance Group (India) Pvt. Ltd. operates more than 57.59 lacs sq ft in the country.

 

Shoppers Stop and its associate companies are involved in retailing through department stores, specialty stores, entertainment zones and large hypermarkets.

 


Media Contact Details
Priyanka Chavda
Adfactors PR
+91 9619378489
Juhi Khanna
Shoppers stop Ltd.
91-22-42497000
 
 
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