BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Covid-19 induced lockdowns significantly disrupted Shoppers Stop Ltd.'s Q1 but headline numbers beat consensus estimates.
Revenue de-grew 70% QoQ to Rs 201.1 crore (Q1 FY21: Rs 53.9 crore).
The company achieved operational cost savings worth Rs 140 crore (versus Q1 FY20 levels), which reduced the quarterly cash burns, to certain extent.
Ebitda losses were at Rs 113.2 crore versus Rs 62.8 crore in Q4 FY21.
During Q1 FY22, the company reported negative free cash flow worth Rs 110 crore.
Shoppers Stop’s liquidity position remains fairly stable with cash and investments worth Rs 96 crore and debt worth Rs 195 (net debt Rs 19 crore, debt/equity: 0.1 time).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR