Shoppers Stop Ltd's Q3FY25 Quarter Results
- 15 Jan 2025
Result Summary
- Shoppers Stop Ltd reported a 24.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.0%.
- Its expenses for the quarter were up by 15.4% QoQ and 11.7% YoY.
- The net profit decreased 353.7% QoQ and increased 41.7% YoY.
- The earnings per share (EPS) of Shoppers Stop Ltd stood at 4.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1402.00 | 1124.62 | 1240.88 | 24.7% | 13.0% |
Total Expenses | 1329.16 | 1151.31 | 1189.96 | 15.4% | 11.7% |
Profit Before Tax | 72.84 | -28.74 | 50.92 | -353.4% | 43.0% |
Tax | 20.61 | -8.15 | 14.07 | -352.9% | 46.5% |
Profit After Tax | 52.23 | -20.59 | 36.85 | -353.7% | 41.7% |
Earnings Per Share | 4.70 | -1.90 | 3.30 | -347.4% | 42.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Shoppers Stop Ltd is a leading retail company in India that operates a chain of department stores. The company primarily offers a range of products including apparel, accessories, home appliances, furniture, and many other consumer goods. Shoppers Stop has been a pioneer in the Indian retail space and is known for its extensive portfolio of national and international brands. In recent years, the company has made significant strides in its digital transformation journey, enhancing its e-commerce presence and adopting omni-channel retail strategies.
Revenue
In Q3FY25, Shoppers Stop Ltd reported a total income of ₹1402.00 crores, which is an increase of 24.7% from the previous quarter (Q2FY25) where the total income was ₹1124.62 crores. When compared to the same quarter in the previous year (Q3FY24), the total income has grown by 13.0% from ₹1240.88 crores. This indicates that the company has been able to increase its total income both on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis.
Profitability
The company's profitability can be assessed using key metrics such as Profit Before Tax (PBT), Profit After Tax (PAT), and Earnings Per Share (EPS). In Q3FY25, the Profit Before Tax was ₹72.84 crores, a dramatic turnaround from a loss of ₹28.74 crores in Q2FY25, a change of -353.4%. Similarly, Profit After Tax also moved into the positive territory at ₹52.23 crores in Q3FY25, from a loss of ₹20.59 crores in Q2FY25, a change of -353.7%.
The Earnings Per Share (EPS) for the company in Q3FY25 stood at ₹4.70, compared to a loss per share of ₹1.90 in Q2FY25, a change of -347.4%. On a YoY basis, the PBT, PAT, and EPS have seen a growth of 43.0%, 41.7%, and 42.4% respectively.
Operating Metrics
For Shoppers Stop Ltd, the total expenses for Q3FY25 were ₹1329.16 crores, an increase of 15.4% from Q2FY25 where the total expenses were ₹1151.31 crores. On a YoY basis, the total expenses have increased by 11.7% from ₹1189.96 crores in Q3FY24. This increase in expenses has impacted the company's profitability during this period.
Also, the tax expenses for the company have shown a significant QoQ change from a negative ₹8.15 crores in Q2FY25 to ₹20.61 crores in Q3FY25, a change of -352.9%. On a YoY basis, tax expenses have increased by 46.5%. The increase in tax expenses suggests an increase in taxable income during the period, which is aligned with the company's improved profitability.
