Shoppers Stop Q4 standalone net up 10% at Rs 15.2cr
Department store operator Shoppers Stop's fourth quarter standalone net profit rose 10 percent year-on-year to Rs 15.2 crore.
April 30, 2013 / 18:59 IST
Moneycontrol Bureau
Department store operator Shoppers Stop's fourth quarter standalone net profit rose 10 percent year-on-year to Rs 15.2 crore.Retail turnover last quarter rose 15 percent to near Rs 715 crore. "We have witnessed a stable environment in the last quarter with a positive growth in like-to-like sales. We continue to extend the retail footprint of our various formats in the country with a keen focus on existing as well as tier II cities," Govind Shrikhande, MD, said.Also Read: Godrej Consumer sees strong growth across categories in Q1Shoppers Stop's EBITDA (earnings before interest, taxes, depreciation and amortization) last quarter gained 5 percent to Rs 38 crore. EBITDA margin, however, slipped to 5.4 percent from 5.9 percent.It added 7 stores last quarter, including 2 Crossword stores, 1 HomeStop store, 2 M.A.C outlets and 2 Clinique stores. The company now has 55 Shoppers Stop outlets across 24 cities. Totally it has 172 stores across formats. On a consolidated basis, Shopper's net profit rose from Rs 96 lakh to Rs 1.22 crore, while retail turnover increased 13 percent to Rs 944 crore.Its consolidated EBITDA in Jan-March rose 9 percent to Rs 28 crore, while EBITDA margin was at 3.1 percent, compared with 3.2 percent, a year ago. Like-to-like sales (same-store sales) at its Shoppers Stop department stores gained 10 percent. Like-to-like sales measure sales at stores open for at least one year.Over at its food and grocery hypermarket chain HyperCity, sales grew 11 percent, while store EBITDA was at Rs 1.07 crore. HyperCity reported 7th consecutive quarter of store level profit, Shoppers Stop said. The net loss declined 3 percent to Rs 22 crore.Shoppers Stop shares closed at Rs 372.90 on NSE, up little over 1 percent on Tuesday. The results were announced after markets closed. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
