Shoppers Stop Q4 net up 27.03% at Rs 10.29 cr

Retail chain Shoppers Stop Ltd today reported a 27.03 percent increase in standalone net profit at Rs 10.29 crore for the fourth quarter ended March 31, 2015.The company had posted a net profit of Rs 8.1 crore in the corresponding quarter of 2013-14.

Total income from operations in the period under review moved up to Rs 815.69 crore, an increase of 9.26 per cent from Rs 746.51 crore in the same quarter of the previous fiscal, the company said in a BSE filing.

"Going forward, our omni-channel initiatives will be a key pillar of our growth strategy...We have signed a new technology platform for our e-tailing initiative...The coming financial year will see an upswing in our business on the back of our omni-channel efforts," Shoppers Stop Ltd Customer Care Associate and Managing Director Govind Shrikhande said.

In the year ended March 31, 2015, Shoppers Stop reported net profit of Rs 40.73 crore as against net profit of Rs 37 crore in the corresponding period a year ago. Shoppers Stop's net sales in the year ended March 31, 2015 stood at Rs 3,041.98 crore compared with Rs 2,713.57 crore in the previous fiscal year.

Meanwhile in a separate filing, Shoppers Stop's Board of Directors has recommended dividend Rs 0.75 per equity share of Rs 5 each for the financial year 2014-15. Shoppers Stop scrip closed at Rs 348.60 apiece, down 4.51 percent, from its previous close on the BSE.