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ICICI Direct Report
Shoppers Stop Ltd. is one of India’s leading departmental stores and has undergone various structural changes with focus on enhancing its share of private label brands and beauty portfolio, accelerating growth through digital channels and providing better shopping experience through ‘personal shoppers’.
Operates 80 departmental stores and 160 beauty format stores spread across 4.0 million square feet and present in 47 cities Q2 FY22 Results:
Post easing of store restrictions, consumer sentiments rebounded sharply with revenue recovering swiftly at 75% of pre-Covid levels.
On a favourable base, revenue grew 116% year-on-year to 631.6 crore SSL achieved operational cost savings worth 62 crore (vs. Q2 FY20 levels).
This reduced quarterly cash burns, to a certain extent
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