Shoppers Stop Q2 PAT may slip 18.3% to Rs 5.2 cr

Moneycontrol Bureau

Department store chain Shoppers Stop will declare its second quarter (July-September) earnings today. Analysts on an average expect standalone profit after tax to fall 18.3 percent year-on-year to Rs 5.2 crore during the quarter, according to a CNBC-TV18 poll.
 
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.

However, Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to increase 9.9 percent year-on-year to Rs 32 crore in the quarter gone by.

Total income may jump 30.8 percent to Rs 759 crore during September quarter FY14 from Rs 580 crore in a year ago period, led by space addition and healthy same store sales growth owing to a good sale season.

Analysts expect double digit like-to-like growth in Hyper City.