Will reduce debt by Rs 300 crore by FY18 end: Shoppers Stop

In an interview to CNBC-TV18, Govind Shrikhande, Customer Care Associate & Managing Director, Shoppers Stop spoke about the results and his outlook for the company.

In Q2FY18, goods and services tax (GST) impacted the entire country and the entire trade -- came into force in July and it impacted supplies very badly between July and August, he said.

H1 like-to-like growth is at 5.5 percent and H2 has started off pretty well; can expect like-to-like growth of 8-9 percent, he added.

Deal with Future Retail to be executed by end of Q4FY18, said Shrikhande.