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Shoppers Stop Ltd Q3FY21 consolidated loss at Rs. 25.11 crores

Posted On: 2021-01-15 08:17:54 (Time Zone: Arizona, USA)


SHOPPERS STOP LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.746.45 crores during the period ended December 31, 2020 as compared to Rs.360.47 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.(25.11) crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(97.70) crores for the period ended September 30, 2020.

The company has reported EPS of Rs.(2.75) for the period ended December 31, 2020 as compared to Rs.(11.10) for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 746.45 crs₹ 360.47 crsUp Tick 107.08%
Net Profit₹ (25.11) crs₹ (97.70) crsDown Tick -74.3%
EPS₹ (2.75)₹ (11.10)Down Tick -75.23%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.746.45 crores during the period ended December 31, 2020 as compared to Rs.1025.53 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.(25.11) crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(6.51) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.(2.75) for the period ended December 31, 2020 as compared to Rs.(0.74) for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 746.45 crs₹ 1025.53 crsDown Tick -27.21%
Net Profit₹ (25.11) crs₹ (6.51) crsUp Tick 285.71%
EPS₹ (2.75)₹ (0.74)Up Tick 271.62%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1268.50 crores during the 9 months period ended December 31, 2020 as compared to Rs.2766.36 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.(243.06) crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.(14.80) crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.(27.26) for the 9 months period ended December 31, 2020 as compared to Rs.(1.68) for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 1268.50 crs₹ 2766.36 crsDown Tick -54.15%
Net Profit₹ (243.06) crs₹ (14.80) crsUp Tick 1542.3%
EPS₹ (27.26)₹(1.68)Up Tick 1522.62%

The festive demand during the quarter, combined with the quantum leap in our digital journey, enabled the business to move forward in Q3. This was evident in our footfall across stores and online visits to Shoppersstop.com. Along with this, our efforts to reach out to our customers, and service them through constant engagement resulted in a better recovery. Our conversion and memo sizes continued to be higher than last year. We witnessed a change in the customer behaviour, with them spending more time in stores, rather than coming in just for a necessary purchase, as was seen In the previous two quarters.

East zone performed better. So did Tier2 and Tier 3 cities vis-a-vis Metros. Delhi NCR was impacted in December due to the local unrest.

Commenting on the quarterly performance of the company, Mr. Venu Nair, Customer Care Associate, Managing Director & Chief Executive Officer, Shoppers Stop Limited said "Business recovery during the festival period has been encouraging. The festive period helped footfall into stores and also generated higher digital sales. Our focus on digital initiatives such as, White Glove Service (video assisted initiative), Yellow Messenger services (chat enabled), Appointment Services (through website and app), etc. has engaged customers to a new level and contributed to our growth in Q3".

Post lockdown, there has been sequential growth month on month, accentuating our Digital journey. Our Omni-channel sales reported 3X growth Year on Year. Servicing our customers from our store chain, apart from our warehouses, has enabled to service our omnichannel customers faster; which helped Omni-channel sales to contribute 6% of our total sales, an increase of 440 bps over last year. We continue to optimize the user interface on our App/ Website, page download optimization, advanced analytics to achieve personalization and reduction in delivery time to our customers.

Our First Citizen members' trust with Shoppers Stop has increased during these critical times. Our First Citizens contributed 83% of our revenue (+220 bps vs Last Year). We have added 309K members as of December 31, 2020 and we have 7.7M trusted Loyal Members. In our premium membership Black Card, we added GK new members. Further, in our Omni channel, our loyal member sales doubled vs last year.

Our private Brands performed better than before with +4% volwne growth. Our mix has increased to 13.4% in Q3 (+220 bps vs LY), with better product offerings and sharp price-points. We also added Loungewear, Sleepwear and Athleisure categories during this period, based on the changing consumer preferences.

In the Beauty segment, we launched our brand "Arcelia" at 63 stores in bath and body segment.

Shares of SHOPPERS STOP LTD. was last trading in BSE at Rs.206 as compared to the previous close of Rs. 212.6. The total number of shares traded during the day was 99773 in over 2528 trades.

The stock hit an intraday high of Rs. 218 and intraday low of 193.45. The net turnover during the day was Rs. 20951842.


Source: Equity Bulls

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