Shoppers Stop Q2 Review - Festive Fervour To Accelerate Revenue Trajectory: ICICI Direct

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.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.Click on the attachment to read the full report:.DISCLAIMERThis 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.

Shoppers Stop Q2 Review - Festive Fervour To Accelerate Revenue Trajectory: ICICI Direct

Shoppers Stop Q2 Review - Festive Fervour To Accelerate Revenue Trajectory: ICICI Direct

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