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Net Sales are expected to increase by 4.1 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 860.7 crore, according to ICICI Direct.
Net Sales are expected to increase by 4.4 percent Y-o-Y (down 11.3 percent Q-o-Q) to Rs. 886.7 crore, according to ICICI Direct.
In the aftermath of the sharp correction, the stock, despite being optically expensive, is worth keeping on one's radar
Retail remains a promising industry in the Indian context, given the large consumer base throughout the country.
On the back of a new management team, improving fundamentals, exit from non-core businesses and a better product mix, the company’s prospects are undoubtedly promising.
Given the series of restructuring steps taken by Kishore Biyani lately, it may take a while for earnings to catch up with the valuation.
A rejig in private label brands, initiation of digital programmes, expense rationalisation decisions, and conclusion of store refurbishment by Q1FY19 will be decisive in driving earnings visibility.
Net Sales are expected to increase by 3.6 percent Y-o-Y (down 2.1 percent Q-o-Q) to Rs. 942.6 crore, according to ICICI Direct.
For both companies, prospects of a re-rating can be attributed to demand growth, network augmentation, and business/cost rationalisation.
In an interview with CNBC-TV18, Govind Shrikhande, Customer Care Associate & MD at Shoppers Stop, spoke about the results and his outlook for the company.
Net Sales are expected to increase by 1.9 percent Q-o-Q (up 5 percent Y-o-Y) to Rs 957.3 crore, according to Motilal Oswal.
Net Sales are expected to up 8.8 percent Y-o-Y to Rs 804.1 crore, according to Axis Securities
In an interview with CNBC-TV18, Govind Shrikhande, Managing Director of the company says that the company will achieve its LTL guidance of 8-9 percent in FY16 and 9-10 percent in FY17.
Bottomline may see one time hit owing to shutting of certain stores and new openings. It may also get impacted by higher depreciation.
Private labels, strong marriage season sales and a turnaround in Hypercity are expected to drive revenues growth. New brand additions may drive SSG by 8-10 percent against 3.7 percent in the year-ago period. SSSG may be led by 20 percent growth in five major stores renovated last year.
Amid generally weak sales performance, sectors that are likely be stronger are IT (14 percent), pharma (12 percent), media & entertainment (12 percent) and retail (10 percent), says Emkay.
Summer sale season will be restricted to 30 days from this year, said Govind Shrikhande, MD, Shoppers Stop.
Shoppers Stop's fourth quarter standalone profit after tax is seen rising 12 percent year-on-year to Rs 9.1 crore, according to a CNBC-TV18 poll.
The mega advertising blitz and discount sales led by online retailers coupled with the shifting of Durga pooja [which normally takes place in the third quarter] to the second impacted department store sales for Shoppers Stop, MD Govind Shrikhande told CNBC-TV18‘s Latha Venkatesh and Reema Tendulkar in an interview.
Shrikhande expects a 7-8 percent (same store) growth in the department store category this year
Govind Shrikhande, managing director, Shoppers Stop, says the company‘s departmental stores‘ volumes have remained flat in Q3.
Second quarter volume growth of 9 percent was on back of good sales in August and a ten-day extended July discount sale period, says Govind Shrikhande, MD, Shoppers Stop.
Operating profit margin may decline 80 bps on yearly basis to 4.3 percent in three months period ended September 2013 as rent, power and fuel costs have increased.