Shoppers Stop  Focusing On Omni-Channel Growth, Says ICICI Securities
The Shoppers Stop Ltd. logo is displayed outside a store in the Malad area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Shoppers Stop Focusing On Omni-Channel Growth, Says ICICI Securities

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 Securities Report

Key takeaways from Shoppers Stop Ltd.’s Q3 FY21 result -

1. Standalone revenue (non-GAAP) declined 32% YoY to Rs 8.9 billion with Ebitda of Rs 210 million;

2. management remains cautiously optimistic on demand recovery and expects normalcy by Q2 FY22;

3. the company aims to add 10-12 department stores and close five to seven unprofitable stores in FY22;

4. online sales increased 3x YoY and contributed 6% of sales in Q3 FY21; expect omnichannel to contribute ~15% of revenue over the next three to four years, and

5. the company has net cash of Rs 460 million as of December 2020, post rights issue of Rs 3 billion at Rs 140 per share.

Click on the attachment to read the full report:

ICICI Securities Shoppers Stop Q3FY21 Result Update.pdf

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