Shoppers Stop reports Rs 15.85 crore net loss in Q4 FY22

03 May 2022,  Mumbai:

Department store chain Shoppers Stop reported a net consolidated loss of Rs 15.85 crore in the fourth quarter ended March 31, 2022 as against the loss of Rs 23.71 crore in the corresponding quarter in the previous fiscal.

Total income of the company in the fourth quarter of FY 2021-22 stood at Rs 734.73 crore as compared to Rs 704.70 in the corresponding quarter in FY 2020-21.

The company reported a net consolidated loss of Rs 47 crore in the financial year ended March 31, 2022 as against the loss of Rs 267.16 crore in the previous fiscal, according to the regulatory filing.

Its total income increased to Rs 2,686.51 crore in FY2022 as against Rs 1,973.20 in FY2021.

Spread across 88 department stores in 46 Cities, Shoppers Stop also operates 11 premium home concept stores, 136 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty and 24 Airport doors, occupying an area of 4.47 million sq. ft.