Shares of Shoppers Stop jumped nearly 6% in early trade on January 15 to trade at Rs 657.05 apiece. This comes after the company reported a 42% y-o-y surge in its consolidated net profit to Rs 52.23 crore in the October-December quarter (Q3) of FY25, driven by strong demand for premium products such as watches and perfumes during the festive season.
The retail brand’s revenue from operations also rose 11% to Rs 1,379.47 crore in Q3 FY 25 from Rs 1,237.52 crore in Q3 FY 24. Net sales of the company stood at Rs 1,311.46 crore in December 2024, up 8.67% from Rs. 1,206.78 crore in December 2023.
Notably, the firm saw a sharp rise in net profit when compared to the previous quarter. Its net profit rose around 350% from the Rs 20.78 crore loss the company suffered in the July-September quarter (Q2) of the current financial year (FY25). Notably, the rise in Q3 profit may have been further boosted by the rise in demand during the quarter, amid multiple festivals in India including Diwali.
Premium categories contributed to 64% of overall revenue in the third quarter, up 9% year-on-year, said the company, with watches, handbags and fragrance categories outperforming.
Premiumisation is holding its ground amid sticky inflation across various consumer segments, the company said in a presentation to investors.
The company also announced that Rakeshkumar Saini has been appointed the new Chief Compliance Officer after Nishit Sheth stepped down from its interim capacity.
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