Latest news with #KavindraMishra
Time of India
18-07-2025
- Business
- Time of India
Shoppers Stop net loss narrows to Rs 15.74 cr in Q1
Retail chain Shoppers Stop Ltd on Thursday reported a narrowing of consolidated net loss to Rs 15.74 crore in the first quarter ended June 30, 2025. The company, which had posted a consolidated net loss of Rs 22.72 crore in the first quarter last fiscal, said its long-serving chairman B S Nagesh will retire from the post after 34 years of service. Consolidated revenue from operations stood at Rs 1,161.08 crore in the first quarter against Rs 1,069.31 crore in the year-ago period, Shoppers Stop Ltd said in a regulatory filing. Total expenses in the quarter under review were higher at Rs 1,192.06 crore compared with Rs 1,104.51 crore in the year-ago period, the company said. Shoppers Stop Managing Director and Chief Executive Officer Kavindra Mishra said the company witnessed sales growth in the quarter, driven by premiumisation. "Consumers are becoming more discerning and are willing to spend more. In a crowded marketplace, premiumisation allows retailers to stand out," he added. Private brand sales at Rs 156 crore with a volume growth of 18 per cent in apparel, improved contribution and overall profitability. On the other key verticals, beauty delivered Rs 219 crore with a growth of 2 per cent, Mishra noted. On the way forward, he said, "We believe our work and strategies on premiumisation will continue to have better results soon, and besides to focus on offering higher-quality products." Shoppers Stop said the retirement of Nagesh has become effective July 17, 2025, and Nirvik Singh will be the new chairman effective July 18, 2025.
Business Standard
18-07-2025
- Business
- Business Standard
Shoppers Stop net loss narrows to Rs 18 crore in Q1 FY26
Shoppers Stop's standalone net loss narrowed to Rs 17.89 crore in Q1 FY26, compared with Rs 22.51 crore reported in Q1 FY25. However, revenue from operations increased 5.85% year on year (YoY) to Rs 1,094.19 crore in the first quarter of FY26. The firm posted a pre-tax loss of Rs 22.83 crore in Q1 FY26, compared to a pre-tax loss of Rs 31.45 crore for Q1 FY25. The company reported a GAAP EBITDA of Rs 176 crore in Q1 FY26, compared to Rs 146 crore in Q1 FY25. Non-GAAP EBITDA stood at Rs 26 crore in the June 2025 quarter, registering a growth of 68% YoY. The company reported a GAAP gross margin of 40.9% for Q1 FY26, marginally higher than 40.6% in the corresponding quarter of FY25. Meanwhile, non-GAAP gross margin stood at 37.6% for the June 2025 quarter, slightly down from 37.7% in Q1 FY25. The average transaction value (ATV) rose 6% YoY to Rs 5,169 crore in Q1 FY26. During the quarter, private brands sales for the quarter were at Rs 156 crore with a contribution of 13% to Sales and 18% on apparels sale. The companys wholly-owned subsidiary, Global SS Beauty Brands, continued its strong performance, reporting sales of Rs 84 crore in Q1FY26, a robust year-on-year growth of 117%. The company's First Citizen programme remained a major growth driver, contributing 85% to overall sales. Beauty distribution revenue stood at Rs 84 crore in Q1 FY26, registering a robust 117% year-on-year growth. INTUNE, the companys fashion and lifestyle retail format, posted sales of Rs 68 croredoubling its performance over the previous year. During the quarter, the company opened four new INTUNE stores, with capital expenditure amounting to Rs 21 crore. Commenting on the Q1FY26 performance, Kavindra Mishra, CEO and MD of Shoppers Stop, said, We have delivered an impressive performance. Consumers are becoming more discerning and are willing to spend more. In a crowded marketplace, premiumisation allows retailers to stand out. As a leader in premium category products, our initiatives helped increase the contribution of our premium portfolio to 67%, reflecting 8% year-on-year growth and 9% like-for-like (LFL) growth. Outlook for FY26 The company remains committed to its premiumisation strategy and plans a series of new launches aimed at increasing the premium portfolios share to 70% by the end of FY26. Shoppers Stop is optimistic that an above-average monsoon and recent cuts in income tax rates will boost consumer demand. In addition, the retailer will focus on inventory optimisation to ensure the right products at the right time, while also working to strengthen cash flows. Meanwhile, B.S. Nagesh has stepped down as chairman of Shoppers Stop, bringing to a close a leadership tenure spanning over three decades. His retirement, announced at the companys Annual General Meeting on Thursday, marks the end of an era for the Mumbai-based retailer, which is currently navigating a phase of senior-level exits and intensifying market competition. The board of Shoppers Stop has appointed Nirvik Singh, International President at global advertising and marketing agency Grey Group, as the new Chairman, effective 18 July. Singh has been a member of the companys board since June 2008. Shoppers Stop is the nation's leading premier retailer of fashion and beauty brands. Shares of Shoppers Stop declined 4.40% to Rs 545 on the BSE.
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Business Standard
18-07-2025
- Business
- Business Standard
Shoppers Stop shares drop 5% post Q1 results; Here's what analysts say
Shoppers Stop share price today: Shares of the retail chain Shoppers Stop plunged over 5 per cent on Friday, July 18, 2025, logging an intraday low of ₹540.10, after the company released its earnings for the first quarter of the financial year 2025-2026 (Q1FY26). At 9:40 AM, shares of Shoppers Stop were trading at ₹543.80, down by 4.92 per cent on the National Stock Exchange. In comparison, Nifty was trading at 25,066.75 level, down by 44 points or 0.18 per cent. The total market capitalisation of the company stood at ₹5,985.01 crore. Shoppers Stop Q1FY26 Results Shoppers Stop's sales figure for the quarter ending June 30, 2025, stood at ₹1,094 crore (GAAP basis), marking a slight increase of 6 per cent from ₹1,034 crore recorded in the corresponding quarter of the previous fiscal year. Gross margins improved by 30 basis points (bps) to 40.9 per cent in Q1FY26 as against 40.6 per cent recorded in Q1FY25. The company narrowed its losses from ₹23 crore in the first quarter of FY25 to ₹18 crore in Q1FY26. The company's earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at ₹176 crore, up 21 per cent from ₹146 crore recorded in the same period of the previous financial year. 'We have delivered an impressive performance delivering sales of ₹1,336 crore registering 6 per cent growth and 5 per cent like-for-like (LFL) growth in department stores, driven by premiumisation," said Kavindra Mishra, managing director and CEO of Shoppers Stop Ltd. Interestingly, the premium segment's contribution to sales rose to 67 per cent, up 8 per cent year-on-year (Y-o-Y). Shoppers Stop stock: Should you buy the dip? Shoppers Stop's earnings for the quarter ending June 30, 2025, were largely in line with the analyst expectations. Healthy performance in the premium vertical helped the company report a 7 per cent Y-o-Y rise in gross profits to ₹450 crore, largely in line with Motilal Oswal estimates. However, store count remained flat as the addition of four Intune stores was offset by the closure of beauty stores. Motilal Oswal Financial Services has maintained its 'Neutral' rating on the stock. Meanwhile, Chokkalingam G, founder of Equinomics Research, has advised investors to avoid the stock. "The overall outlook for physical retail chains remains subdued due to the growing shift towards digitalisation and the rise of digitally native brands. We expect similar headwinds for other players in the sector, including DMart and Trent, with performance likely to remain under pressure," he said.
Fashion Network
17-07-2025
- Business
- Fashion Network
India's Shoppers Stop posts narrower quarterly loss on demand for premium products
Indian departmental store chain Shoppers Stop reported a narrower first quarter loss on Thursday, as its richer customers splurged on luxury watches, perfumes and fancy apparel. The affluent in India have kept on spending on premium products, despite the high cost of living in cities straining the budgets of middle class consumers. Demand for high-end products has driven sales growth for retailers such as Nykaa and footwear seller Metro Brands. "In a crowded marketplace, premiumisation allows retailers to stand out," Shoppers Stop CEO Kavindra Mishra said. Shoppers Stop, which retails luxury brands such as Armani Beauty and Michael Kors, said its watches and apparels categories grew the most during the quarter, at 19% and 9% respectively. The company reported a net loss of 157.4 million rupees ($1.83 million) in the quarter ended June, compared with a loss of 227.2 million rupees a year ago. Its revenue from operations for the quarter grew 8.6% and like-for-like sales rose 5%, the company said. Average selling price at Shoppers Stop's stores, excluding sales online and at its affordable retail unit INTUNE, rose 3% year-on-year to 1,740 rupees in the first quarter. Premium offerings made up 67% of the company's revenue, up 8 percentage points year-on-year. Shoppers Stop expects the share of its premium segment to rise to 70% of revenue by the end of fiscal 2026.
Fashion Network
17-07-2025
- Business
- Fashion Network
India's Shoppers Stop posts narrower quarterly loss on demand for premium products
Indian departmental store chain Shoppers Stop reported a narrower first quarter loss on Thursday, as its richer customers splurged on luxury watches, perfumes and fancy apparel. The affluent in India have kept on spending on premium products, despite the high cost of living in cities straining the budgets of middle class consumers. Demand for high-end products has driven sales growth for retailers such as Nykaa and footwear seller Metro Brands. "In a crowded marketplace, premiumisation allows retailers to stand out," Shoppers Stop CEO Kavindra Mishra said. Shoppers Stop, which retails luxury brands such as Armani Beauty and Michael Kors, said its watches and apparels categories grew the most during the quarter, at 19% and 9% respectively. The company reported a net loss of 157.4 million rupees ($1.83 million) in the quarter ended June, compared with a loss of 227.2 million rupees a year ago. Its revenue from operations for the quarter grew 8.6% and like-for-like sales rose 5%, the company said. Average selling price at Shoppers Stop's stores, excluding sales online and at its affordable retail unit INTUNE, rose 3% year-on-year to 1,740 rupees in the first quarter. Premium offerings made up 67% of the company's revenue, up 8 percentage points year-on-year. Shoppers Stop expects the share of its premium segment to rise to 70% of revenue by the end of fiscal 2026.
