Shoppers Stop Q4 Review - Continues To Be Hit By Covid-19 Woes: Motilal Oswal
The Shoppers Stop logo is displayed outside a store in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

Shoppers Stop Q4 Review - Continues To Be Hit By Covid-19 Woes: 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

Shoppers Stop Ltd.’s revenue fell 5% YoY (18% miss), led by lower footfalls due to its large mall presence, but strategic initiatives like personal shopper/First Citizen/omnichannel saw traction, with improving contribution supporting a sales recovery in Q4 FY21.

We have cut our FY22E revenue/Ebitda estimate by 26%/47% due to the second Covid-19 wave impacting metros and non-metros.

We marginally tweak our FY23E estimates as we expect a recovery by then.

Click on the attachment to read the full report:

Motilal Oswal Shoppers Stop Q4FY21 Result Update.pdf


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