Shoppers Stop Limited — Updates, 14-01-2025: Press Release

Q3 results reflect a strong performance for Shoppers Stop Limited, showcasing sales of ₹1,311 Cr, representing a 9% increase YoY. EBITDA grew by 20% to ₹262 Cr, while PAT surged 37% to ₹49 Cr. The jump in operational KPIs highlights a positive trend, with Average Transaction Value (ATV) rising 6% and Average Selling Price (ASP) up 4%. Premium categories now contribute 64% of revenues, backed by strategic campaigns like "India Weds with Shoppers Stop" which boosted sales. The company expanded its footprint by opening 16 stores during the quarter, bringing total investments to ₹53 Cr. The CEO underscored resilience in navigating economic challenges while focusing on profitable growth through private brands and enhancing customer experience. Looking ahead, the demand for premium products is anticipated to drive further growth, supported by a robust wedding season in the upcoming months. Investors should view the ongoing premiumization strategy and expanding market presence as significant growth drivers.