Shoppers Stop’s net profit rises by 41.7% to Rs 52.23 crore in Q3, FY25
15 January 2025, Mumbai
The Q3, FY25 consolidated net profit of leading department store chain Shoppers Stop grew by 41.7 per cent to Rs 52.23 crore as against a net profit of Rs 36.85 crore during the same period in the previous fiscal year, according to a filing with the Bombay Stock Exchange (BSE).
This robust performance is a turnaround from the loss of Rs 20.59 crore reported by the retailer in Q2, FY25 that ended in September 2024.
Shoppers Stop's total income for Q3 FY25 rose by 12.9 per cent Y-o-Y to Rs 1,402 crore from Rs 1,240.88 crore in the corresponding quarter of FY24. This growth reflects a strong performance in both its fashion and beauty retail segments, which remain key drivers of revenue.
The retailer’s expenses increased by 11.7 per cent to Rs 1,329.16 crore from Rs 1,189.96 crore in Q3 FY24. This rise could be attributed to increased operating costs, investments in store expansions, and enhanced customer engagement initiatives.
According to Shoppers Stop, the company’s financial performance improved during the year due to its strategic initiatives such as revamping of product portfolio, boosting its digital and e-commerce channels, and optimizing its brick-and-mortar operations. The company also benefited from festive season sales, increased footfall in stores, and growing demand for premium beauty and fashion products.
Shoppers Stop expects to continue focusing on enhancing customer experience, leveraging technology for personalization, and expanding its omnichannel presence to sustain growth momentum in the coming quarters.
