Shoppers Stop Q3 Review: Prolonged Recovery, Says Motilal Oswal
The Shoppers Stop Ltd. logo sits on a shopping bag in an arranged photograph at a store in the Malad area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Shoppers Stop Q3 Review: Prolonged Recovery, Says Motilal Oswal

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.

Motilal Oswal Report

Hit by Covid-19, Shoppers Stop Ltd.’s revenue declined 29% YoY, led by lower footfalls and improved focus towards strategic initiatives like Personal Shopper and First Citizen.

This resulted in a healthy recovery in footfalls and increased sales contribution of approximately 6% from omni-channels.

We have cut our FY21E revenue/Ebitda estimate by 12%/92% due to the prolonged impact from the Covid-19 pandemic.

Click on the attachment to read the full report:

Motilal Oswal Shoppers Stop Q3FY21 Result Update.pdf


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