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Festivities Fuel Turnover & EBIDTA Growth of 16%: Highlights of Q3FY14

Shoppers Stop Ltd reported a 16% increase in gross retail turnover and EBIDTA for Q3FY14 compared to the same period last year. Turnover reached Rs. 787.5 crores and EBIDTA was Rs. 52.6 crores. The company added new stores across its brands and saw continued growth in its loyalty program membership. Managing Director Govind Shrikhande attributed the sales and profit increases to the peak festive shopping quarter and focus on expansion and profitability across the retail brands.

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39 views

Festivities Fuel Turnover & EBIDTA Growth of 16%: Highlights of Q3FY14

Shoppers Stop Ltd reported a 16% increase in gross retail turnover and EBIDTA for Q3FY14 compared to the same period last year. Turnover reached Rs. 787.5 crores and EBIDTA was Rs. 52.6 crores. The company added new stores across its brands and saw continued growth in its loyalty program membership. Managing Director Govind Shrikhande attributed the sales and profit increases to the peak festive shopping quarter and focus on expansion and profitability across the retail brands.

Uploaded by

Shankey Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Festivities fuel Turnover & EBIDTA growth of 16%

Highlights of Q3FY14

Gross Retail Turnover touches Rs.787.5 crores; a jump of 16% over Q3FY13
Like-to-like growth at 5.5%
EBIDTA at Rs.52.6 crores a growth of 16% over Q3FY13
1,23,834 members added to First Citizen Loyalty Programme
Crossed 5.1 million fans on Facebook
Total stores added in the quarter: 4 Shoppers Stop stores, 1 HyperCity store, 3 HomeStop
stores, 2 Clinique doors, 2 M.A.C doors, and 3 Crossword stores.

Total Retail area 38.7 lacs sq.ft


Total First Citizens members 32.12 lacs

Mumbai, January 30, 2014: Shoppers Stop Ltd (SSL), Indias prominent retail group (operator of large
format department stores, home stores, specialty stores like Crossword, Mothercare, M.A.C, and
hypermarkets) today reported a gross retail turnover of Rs.787.5 crores for the quarter ended
December 31st, 2013 as against Rs.677.7 crores in the corresponding period last year; up 16%. Net
Profit stood at Rs. 17.3 crore for the quarter ended December 31st, 2013.
With 65 stores across 32 cities in India, Shoppers Stop continues to grow and expand its retail
footprint. This quarter, SSL added 4 new Shoppers Stop stores in Raipur, Hyderabad, Chennai and
Jaipur international airport, 1 HyperCity store in Hyderabad, 2 M.A.C doors in Surat and Kolkata, 2
Clinique doors in Surat and Kolkata, 3 HomeStop stores, 2 in Bengaluru and one in Hyderabad and 3
Crossword stores in Jaipur, Pune and Cochin.
Driving ahead its successful Loyalty programme, SSL continued to expand its membership base
adding more than 1,23,834 new members to the First Citizen Loyalty Programme in Q3 FY14. The
programme now has a total First Citizen base of over 32.12 lac members.
Speaking on the financial performance, Mr. Govind Shrikhande Customer Care Associate &
Managing Director, Shoppers Stop Ltd. said, Q3 is the peak festive shopping quarter for retailers
with the festive season starting in October and continuing all the way till Christmas & New Year
celebrations in December. We have witnessed a healthy Sales and EBIDTA growth of 16% during this
quarter. Our focus remains on expansion in the department store category and achieving profitability
in HyperCity. We are also looking at higher visibility from our Social Media initiatives. Our Facebook

Fan club has crossed over 5.1 million fans and our loyalty franchise First Citizen Programme
continues to grow its member base while contributing significantly to the top-line.
During the quarter, Home Stop won the GIA Award from the International Home Ware Association
(IHA), Chicago. Shoppers Stop won the runner up BestPrax Prize for the project Innovative Eco
Friendly Practices" under Category Quality & Innovation during the 25th Qimpro Convention and also
bagged "The Silver Award" for the Viviana Store design at the DESIGNOMICS AWARDS in the Retail
Departmental Store Category.
Shoppers Stop and its invested retail companies operate the following number of stores/doors as
on December 31st, 2013:
Mixed Retailing:
HyperCity Currently has 15 stores, spread over an area of 12.86 lacs sq ft.
Key Highlights of performance: Sales up by 15%
Like to like sales growth 1%
Margin growth 30 basis points with Fashion share @ 12.9%.
Fashion & Home Retailing:

Shoppers Stop Currently has 65 stores in 31 cities


HomeStop (Home Dcor) Currently has 18 stores in 12 cities

Specialty Retailing:

Mothercare (Maternity, Infant Care) The exclusive franchise agreement for departmental
stores with Mothercare Plc UK. Currently there are 37 Shop In Shop stores and 4 Standalone
stores.
Crossword (Book stores) Currently has 85 stores
M.A.C (Cosmetics) The retail agreement with Estee Lauder to open M.A.C stores. Currently
has 33 stores with a presence in Mumbai, Bengaluru, Delhi, Amritsar, Chennai, Hyderabad,
Pune, Gurgaon, Noida, Ludhiana, Chandigarh, Surat and Kolkata.
Clinique (Cosmetics) Currently has 22 stores (including 12 shop-in-shops) in Mumbai,
Bengaluru, Delhi, Kolkata, Hyderabad, Amritsar, Chandigarh, Surat and Kolkata.
Estee Lauder - Currently has 8 stores (including 2 shop-in-shops), one each in Bengaluru,
Mumbai, Chennai , Delhi and Gurgaon.
Bobbi Brown Currently has 1 store in Delhi

Other Initiatives:

Airport Retailing 1 duty free store is run by the JV Company in the international airport at
Bengaluru

TimeZone Entertainment Currently has 23 doors.

About Shoppers Stop Ltd


Shoppers Stop Ltd., a pioneer in modern retailing in India, has been promoted by K Raheja Corp.
Group (Chandru L. Raheja Group), one of the leading groups in the business of real estate
development and hotels in the country. Shoppers Stop Ltd along with its Subsidiaries Crossword
Bookstores Ltd and Hypercity Retail (India) Ltd; and Joint Venture Companies Timezone
Entertainment Pvt. Ltd and Nuance Group (India) Pvt. Ltd. operates more than 54.36 lacs sq ft
in the country.
Shoppers Stop and its associate companies are involved in retailing through department stores,
specialty stores, entertainment zones and large hypermarkets.

For more information, please contact:


Juhi Khanna
Snehal Vaidya
Shoppers Stop Ltd.
Adfactors PR
Tel: +91-22-42497000
Tel: +91 9820167242
[email protected]
[email protected]

For Investor related queries on Shoppers Stop Limited write to: [email protected]

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