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Motilal Oswal: Shoppers Stop Q1 Review - Sharp Cost Reduction, But Prolonged Recovery Risk Prevails

Motilal Oswal has cut by 37% its FY21 ebitda estimate for Shoppers Stop, despite its outstanding cost rationalisation.

The Shoppers Stop Ltd. logo is displayed outside a store in the Malad area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The Shoppers Stop Ltd. logo is displayed outside a store in the Malad area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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