Shoppers Stop recorded net sales growth of 22% at Rs 738 crore while profit was up nearly 6% during the past quarter. Govind Shrikhande, managing director of Shoppers Stop joins CNBC-TV18 to explain beyond the numbers and highlight the way forward for his company.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: Can you tell us about the earnings, about the same store sales growth and what you are expecting to see in the next couple of quarters?A: I think this has been a good quarter, both in the limited space as well as consolidated space. We have been little more cautious on the consolidated space from the comments of analysts, but let me breakdown the whole picture. Limited space where department store is a major category, like-to-like growth has been 11% which has been very good. In Q1, it was just 7%. The highlights are; volume is up by 1%, average selling price (ASP) is up by 10%.
The biggest track that we are now seeing is growth and expansion that
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