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Neutral Shoppers Stop Ltd For Target Rs. 750 - Motilal Oswal Shoppers Stop witnesses a change in leadership Management expects existing growth strategy to continue * Shoppers Stop (SHOP) announced the resignation of its MD and CEO Mr. Venugopal G. Nair after a ~three-year stint at the company. Mr. Kavindra Mishra, formerly Chief Commercial Officer and CEO of the Homestop division, will succeed him and assume the role of CEO and Executive Director. * The management indicated that there will be no change in the ongoing strategy, with continued e...
Neutral Shoppers Stop Ltd For Target Rs. 750 - Motilal Oswal
Neutral Shoppers Stop Ltd For Target Rs. 750 - Motilal Oswal
Source: Motilal Oswal Financial Services
3/09/2023 10:27:33 AM
India`s Shoppers Stop tumbles over 11% after CEO resigns Shares of Shoppers Stop slumped as much as 11.5% on Friday, a day after the Indian departmental store operator said its CEO Venugopal Nair resigned due to personal reasons. The stock was down 11.1% at 721.8 rupees as of 10:11 a.m. IST. The company promoted Chief Commercial Officer Kavindra Mishra as its new CEO and executive director. Nair joined Shoppers Stop in the second half of 2020 to lead the company after the pandemic and transform it into an omnichannel retailer. In April,...
India`s Shoppers Stop tumbles over 11% after CEO resigns
India`s Shoppers Stop tumbles over 11% after CEO resigns
Source: Reuters
25/08/2023 10:37:11 AM
Shoppers Stop rises on entering into Master Rent agreement with M/s OPC Asset Solutions Shoppers Stop is currently trading at Rs. 825.65, up by 10.30 points or 1.26% from its previous closing of Rs. 815.35 on the BSE. The scrip opened at Rs. 800.55 and has touched a high and low of Rs. 827.35 and Rs. 800.55 respectively. So far 537 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 889.75 on 09-Aug-2023 and a 52 week low of Rs. 574.85 on 18-Apr-2023. Last one week high and low of the scrip stood at Rs...
Shoppers Stop rises on entering into Master Rent agreement with M/s OPC Asset Solutions
Shoppers Stop rises on entering into Master Rent agreement with M/s OPC Asset Solutions
Source: Accord Fintech
16/08/2023 10:45:23 AM
India`s Trent beats Q1 revenue view on higher footfalls Indian merchandise retailer and hypermarket operator Trent on Wednesday beat first-quarter revenue estimates, aided by an increase in footfalls. Consolidated revenue rose nearly 46% year-on-year to 26.28 billion rupees ($317.4 million) for the quarter ended June 30, compared to analysts' estimate of 22.81 billion as per Refinitiv data. Consolidated net profit rose more than 30% to 1.73 billion rupees ($20.9 million), while total expenses rose nearly 44% due to higher purchases of st...
India`s Trent beats Q1 revenue view on higher footfalls
India`s Trent beats Q1 revenue view on higher footfalls
Source: Reuters
9/08/2023 3:48:37 PM
Shoppers Stop rises on getting nod to make investment in Pahadi Goodness Shoppers Stop is currently trading at Rs. 803.50, up by 6.00 points or 0.75% from its previous closing of Rs. 797.50 on the BSE. The scrip opened at Rs. 802.95 and has touched a high and low of Rs. 825.00 and Rs. 802.00 respectively. So far 3462 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 829.70 on 10-Jul-2023 and a 52 week low of Rs. 574.30 on 04-Aug-2022. Last one week high and low of the scrip stood at Rs...
Shoppers Stop rises on getting nod to make investment in Pahadi Goodness
Shoppers Stop rises on getting nod to make investment in Pahadi Goodness
Source: Accord Fintech
1/08/2023 10:45:26 AM
Alphalogic Industries jumps on securing order from Shoppers Stop Alphalogic Industries is currently trading at Rs. 135.00, up by 15.68 points or 13.14% from its previous closing of Rs. 119.32 on the BSE. The scrip opened at Rs. 130.00 and has touched a high and low of Rs. 139.90 and Rs. 127.95 respectively. So far 37200 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.90 on 31-Jul-2023 and a 52 week low of Rs. 95.60 on 21-Jul-2023. Last one week high and low of the scrip ...
Alphalogic Industries jumps on securing order from Shoppers Stop
Alphalogic Industries jumps on securing order from Shoppers Stop
Source: Accord Fintech
31/07/2023 10:03:48 AM
Neutral Shoppers Stop Ltd For Target Rs. 800 - Motilal Oswal ‘InTune’, SHOP aims to create a new growth engine Shoppers Stop (SHOP) has recently entered into the fast-fashion value retail segment with the launch of ‘InTune’ stores. The smaller, youth-centric family store has a very trendy look and offers sharp pricing below INR999. With InTune, SHOP aims to create a new growth engine. Foray into fast-fashion value apparel category SHOP has entered into the fast-fashion value format with ‘InTune’ brand. It h...
Neutral Shoppers Stop Ltd For Target Rs. 800 - Motilal Oswal
Neutral Shoppers Stop Ltd For Target Rs. 800 - Motilal Oswal
Source: Motilal Oswal Financial Services
29/06/2023 10:47:29 AM
Shoppers Stop soars on getting nod to make additional investment in GSBBL Shoppers Stop is currently trading at Rs. 634.65, up by 16.95 points or 2.74% from its previous closing of Rs. 617.70 on the BSE. The scrip opened at Rs. 634.95 and has touched a high and low of Rs. 653.35 and Rs. 631.95 respectively. So far 14438 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 819.00 on 21-Oct-2022 and a 52 week low of Rs. 402.90 on 22-Jun-2022. Last one week high and low of the scrip stood at ...
Shoppers Stop soars on getting nod to make additional investment in GSBBL
Shoppers Stop soars on getting nod to make additional investment in GSBBL
Source: Accord Fintech
27/04/2023 10:04:53 AM
Shoppers Stop trades higher on making investment of Rs 20 crore in GSBBL Shoppers Stop is currently trading at Rs. 636.00, up by 3.10 points or 0.49% from its previous closing of Rs. 632.90 on the BSE. The scrip opened at Rs. 631.15 and has touched a high and low of Rs. 636.40 and Rs. 627.80 respectively. So far 575 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 819.00 on 21-Oct-2022 and a 52 week low of Rs. 402.90 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs....
Shoppers Stop trades higher on making investment of Rs 20 crore in GSBBL
Shoppers Stop trades higher on making investment of Rs 20 crore in GSBBL
Source: Accord Fintech
28/03/2023 12:05:09 PM
Shoppers Stop declines on reporting 19% fall in Q3 consolidated net profit Shoppers Stop is currently trading at Rs. 642.65, down by 25.95 points or 3.88% from its previous closing of Rs. 668.60 on the BSE. The scrip opened at Rs. 673.00 and has touched a high and low of Rs. 690.25 and Rs. 641.45 respectively. So far 6263 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 819.00 on 21-Oct-2022 and a 52 week low of Rs. 303.00 on 24-Feb-2022. Last one week high and low of the scrip stood at...
Shoppers Stop declines on reporting 19% fall in Q3 consolidated net profit
Shoppers Stop declines on reporting 19% fall in Q3 consolidated net profit
Source: Accord Fintech
24/01/2023 2:06:19 PM
Q2 roundup: Indian companies get festive boost; almost 62% post profit rise Almost two-thirds of the near 200 Indian companies with market capitalization of $100 million and more have reported a rise in profit for the September quarter, data tracked by Reuters showed Of the 191 companies tracked, 118 reported a rise in profit, Refinitiv data showed, with almost 90% of those logging in a rise in quarterly revenue. Apparel retailers, restaurants, banks, construction companies all saw a rise in sales and orders, as the country geared up for the first pandemic-free...
Q2 roundup: Indian companies get festive boost; almost 62% post profit rise
Q2 roundup: Indian companies get festive boost; almost 62% post profit rise
Source: Reuters
10/11/2022 2:18:27 PM
Add Shoppers Stop Ltd For Target Rs.850 - ICICI Securities Robust quarter; momentum picking up  Shoppers Stop’s (SHOP) reported revenue of Rs10bn (up 60% YoY, 7% QoQ) and EBITDA of Rs1.7bn in Q2FY23, which were above consensus estimates. EBITDA margin at 16.6% was up 540bps YoY, but down 67bps sequentially. Revenue recovery rate from Q2FY20 (pre-covid levels) continued its upward trajectory with 119% recovery in Q2FY23 vs 113% QoQ. SHOP added a single department store and a single beauty store, in net terms, during the quarter. This tak...
Add Shoppers Stop Ltd For Target Rs.850 - ICICI Securities
Add Shoppers Stop Ltd For Target Rs.850 - ICICI Securities
Source: ICICI Securities
27/10/2022 2:47:43 PM
Shoppers Stop gains on turning black in Q2FY23 Shoppers Stop is currently trading at Rs. 785.00, up by 5.10 points or 0.65% from its previous closing of Rs. 779.90 on the BSE. The scrip opened at Rs. 804.10 and has touched a high and low of Rs. 819.00 and Rs. 781.05 respectively. So far 27898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 819.00 on 21-Oct-2022 and a 52 week low of Rs. 294.85 on 21-Oct-2021. Last one week high and low of the scrip stood at R...
Shoppers Stop gains on turning black in Q2FY23
Shoppers Stop gains on turning black in Q2FY23
Source: Accord Fintech
21/10/2022 4:19:24 PM
Add Shoppers Stop Ltd For Target Rs.850 - ICICI Securities Shoppers Stop’s (SHOP) reported revenue of Rs10bn (up 60% YoY, 7% QoQ) and EBITDA of Rs1.7bn in Q2FY23, which were above consensus estimates. EBITDA margin at 16.6% was up 540bps YoY, but down 67bps sequentially. Revenue recovery rate from Q2FY20 (pre-covid levels) continued its upward trajectory with 119% recovery in Q2FY23 vs 113% QoQ. SHOP added a single department store and a single beauty store, in net terms, during the quarter. This takes the total count to 91 department stores an...
Add Shoppers Stop Ltd For Target Rs.850 - ICICI Securities
Add Shoppers Stop Ltd For Target Rs.850 - ICICI Securities
Source: ICICI Securities Ltd
21/10/2022 1:08:17 PM
Cred introduces `Scan & Pay` feature for UPI payments Credit card bill payment platform Cred on Saturday launched 'Scan & pay', a UPI payment experience for members on the app. The members can make UPI payments from their bank accounts linked to the CRED app, by scanning any QR code. "The all-new Cred pay experience builds on top of this with privacy-first features, personalisation and other member exclusives," said Kunal Shah, Founder, Cred. The company said that every Scan & Pay' payment is protected and ...
Cred introduces `Scan & Pay` feature for UPI payments
Cred introduces `Scan & Pay` feature for UPI payments
Source: IANS
2/10/2022 12:04:29 PM
Shoppers Stop posts Q1 net profit of Rs 22.79 cr The company reported standalone net profit during the quarter stood at Rs 22.79 crore compared to net loss of Rs 117.74 crore in the previous year quarter. Net revenue of the company rose three fold by 368.44 per cent at Rs 941.93 crore in April-June quarter of this fiscal as against Rs 201.08 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 195.45 per cent to Rs 779.51 crore from Rs 263.84 crore in year ago period. Other Income dipped...
Shoppers Stop posts Q1 net profit of Rs 22.79 cr
Shoppers Stop posts Q1 net profit of Rs 22.79 cr
Source: Dion Global Solutions Ltd
27/07/2022 10:36:04 AM
Shoppers Stop planning to launch 12 new stores in FY23 Shoppers Stop is planning to launch 12 new stores in FY23, primarily in tier-2 and tier-3 cities, and will continue to invest in store renovations. The company plans to increase the share of new and refurbished stores to over 50 per cent in FY23. The company will also continue to invest in its private labels, including celebrity endorsements. The company is investing in the new-age technology and is backing its data analytics project Jarvis to maximise its understanding of customer behaviour ...
Shoppers Stop planning to launch 12 new stores in FY23
Shoppers Stop planning to launch 12 new stores in FY23
Source: Accord Fintech
6/07/2022 9:33:10 AM
Add Shoppers Stop Ltd For Target Rs.530 - ICICI Securities Execution needs to improve to sustain re-rating Shoppers Stop’s (SHOP) Q4FY22 revenue and EBITDA were below our / consensus estimates as the same were impacted by the third covid wave in Jan’22 coupled with a few one-offs. However, management suggested Mar-Apr’22 recovery has been strong and ahead of pre-covid levels. SHOP added 5 department stores and 8 beauty/others stores (net) in Q4FY22, taking the total store count to 88 and 171, respectively. It plans to add 12 depa...
Add Shoppers Stop Ltd For Target Rs.530 - ICICI Securities
Add Shoppers Stop Ltd For Target Rs.530 - ICICI Securities
Source: ICICI Securities Ltd
4/05/2022 10:59:30 AM
Buy Shoppers Stop Ltd For Target Rs.595 - ICICI Direct Demand recovery post Covid disruption augurs well About the stock: Shoppers Stop (SSL) is one of India’s leading departmental stores and has undergone various structural changes with focus on enhancing its share of private label brands and beauty portfolio, accelerating growth through digital channels and providing a better shopping experience through ‘personal shoppers’. Operates 88 departmental stores, 171 beauty format stores spread across 4.2 million sq ft while be...
Buy Shoppers Stop Ltd For Target Rs.595 - ICICI Direct
Buy Shoppers Stop Ltd For Target Rs.595 - ICICI Direct
Source: ICICI Direct
3/05/2022 11:01:55 AM
Shoppers Stop trades higher on offloading further 19.50% stake in Crossword Bookstores Shoppers Stop is currently trading at Rs. 462.50, up by 3.00 points or 0.65% from its previous closing of Rs. 459.50 on the BSE. The scrip opened at Rs. 456.65 and has touched a high and low of Rs. 467.70 and Rs. 456.65 respectively. So far 10818 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 487.95 on 07-Apr-2022 and a 52 week low of Rs. 180.00 on 19-Apr-2021. Last one week high and low of the scrip stood at R...
Shoppers Stop trades higher on offloading further 19.50% stake in Crossword Bookstores
Shoppers Stop trades higher on offloading further 19.50% stake in Crossword Bookstores
Source: Accord Fintech
11/04/2022 10:30:49 AM
Neutral Shoppers Stop Ltd For Target Rs.400 - Motilal Oswal Focus on smaller stores to improve productivity Store additions, Beauty and Private labels to revive growth   We met with the management of Shoppers Stop to understand the: revenue trends amid the third COVID wave in Jan’22 performance of the new smaller stores opened in tier 2-3 cities; and traction on its ambitious target to double its revenue in the next 3-4 years.   Key highlights of our discussion Shoppers Stop’s revenue was adversely impa...
Neutral Shoppers Stop Ltd For Target Rs.400 - Motilal Oswal
Neutral Shoppers Stop Ltd For Target Rs.400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/03/2022 12:13:07 PM
Neutral Shoppers Stop Ltd For Target Rs.400 - Motilal Oswal Focus on smaller stores to improve productivity Store additions, Beauty and Private labels to revive growth We met with the management of Shoppers Stop to understand the: * revenue trends amid the third COVID wave in Jan’22 * performance of the new smaller stores opened in tier 2-3 cities; and * traction on its ambitious target to double its revenue in the next 3-4 years.   Key highlights of our discussion * Shoppers Stop’s revenue was adversely impa...
Neutral Shoppers Stop Ltd For Target Rs.400 - Motilal Oswal
Neutral Shoppers Stop Ltd For Target Rs.400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/03/2022 10:01:10 AM
Shoppers Stop rises on turning black in Q3 Shoppers Stop is currently trading at Rs. 385.05, up by 6.40 points or 1.69% from its previous closing of Rs. 378.65 on the BSE. The scrip opened at Rs. 384.00 and has touched a high and low of Rs. 397.35 and Rs. 375.20 respectively. So far 51912 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 425.00 on 21-Jan-2022 and a 52 week low of Rs. 180.00 on 19-Apr-2021. Last one week high and low of the scrip stood at R...
Shoppers Stop rises on turning black in Q3
Shoppers Stop rises on turning black in Q3
Source: Accord Fintech
24/01/2022 11:24:01 AM
Hold Shoppers Stop Ltd For Target Rs.301 - Edelweiss Financial Services Recovery on course; stable on key pillars Shoppers Stop (SSL) reported in-line recovery at 75% with the key highlight being that festive sales have already touched pre-covid levels in certain regions. Other highlights: i) Performance on its key pillars continues to be on track with private label/beauty/omni contributing 14%/17%/8%. ii) Targeting 100/181 department/home & beauty stores by FY23 (current: 80/161). iii) Appointed two new board members to strengthen omni initiatives. Rollin...
Hold Shoppers Stop Ltd For Target Rs.301 - Edelweiss Financial Services
Hold Shoppers Stop Ltd For Target Rs.301 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
25/10/2021 11:19:14 AM
Shoppers Stop zooms as its consolidated net loss narrows to Rs 3.58 crore in Q2 Shoppers Stop is currently trading at Rs. 327.80, up by 47.25 points or 16.84% from its previous closing of Rs. 280.55 on the BSE. The scrip opened at Rs. 296.90 and has touched a high and low of Rs. 336.65 and Rs. 294.85 respectively. So far 215829 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 336.65 on 21-Oct-2021 and a 52 week low of Rs. 160.85 on 29-Oct-2020. Last one week high and low of the scrip stood a...
Shoppers Stop zooms as its consolidated net loss narrows to Rs 3.58 crore in Q2
Shoppers Stop zooms as its consolidated net loss narrows to Rs 3.58 crore in Q2
Source: Accord Fintech
21/10/2021 3:13:44 PM
Buy Shoppers Stop Ltd : Green shoots of sharper recovery visible - ICICI Direct Buy Shoppers Stop Ltd For Target Rs.310 About the stock: Shoppers Stop (SSL) is one of India’s leading departmental stores and has undergone various structural changes with focus on enhancing its share of private label brands and beauty portfolio, accelerating growth through digital channels and providing better shopping experience through ‘personal shoppers’ * Operates 84 departmental stores and 127 beauty format stores spread across 4.4 million sq ft and is present i...
Buy Shoppers Stop Ltd : Green shoots of sharper recovery visible - ICICI Direct
Buy Shoppers Stop Ltd : Green shoots of sharper recovery visible - ICICI Direct
Source: ICICI Direct
8/09/2021 9:47:41 AM
Buy Shoppers Stop Ltd For Target Rs.275 - ICICI Direct Key thrust on enhancing share of private label brands SSL’s Q4FY21 print was broadly in line with our estimates with revenue down 5% YoY to | 671.2 crore (non-GAAP revenue fell 10% YoY with SSSG at -10.7%). On the base of Q4FY19, recovery rate was at 85% in Q4FY21 vs. 71% in Q3FY21. Non-metro cities continued to recover at a faster pace (4% YoY growth) vs. stores in metro cities (down 18% YoY). Omni-channel strategies continue to provide the key thrust with digital sales growth of 18...
Buy Shoppers Stop Ltd For Target Rs.275 - ICICI Direct
Buy Shoppers Stop Ltd For Target Rs.275 - ICICI Direct
Source: ICICI Direct
6/07/2021 9:20:30 AM
Add Shoppers Stop Ltd For Target Rs. 235 - ICICI Securities Focusing on omni-channel sales Shoppers Stop’s (SHOP) Q4FY21 standalone revenues (non-GAAP) declined 10% YoY to Rs8.2bn with EBITDA of Rs110mn – broadly in line with our / consensus estimates. Non-GAAP gross margin and EBITDA margin expanded 190bps YoY and 163bps YoY respectively owing to increasing share of private labels. SHOP aims to add >20 stores across large and small formats in FY22 (store expansion plan for FY21 was deferred due to covid). Omni-channel sales increase...
Add Shoppers Stop Ltd For Target Rs. 235 - ICICI Securities
Add Shoppers Stop Ltd For Target Rs. 235 - ICICI Securities
Source: ICICI Securities Ltd
21/06/2021 11:09:16 AM
Neutral Shoppers Stop Ltd : Continues to be hit by COVID-19 woes - Motilal Oswal Continues to be hit by COVID-19 woes * SHOP’s revenue fell 5% YoY (18% miss), led by lower footfalls due to its large mall presence, but strategic initiatives like Personal Shopper/First Citizen/omnichannel saw traction, with improving contribution supporting a sales recovery in 4QFY21. * We have cut our FY22E revenue/EBITDA estimate by 26%/47% due to the second COVID wave impacting metros and non-metros. We marginally tweak our FY23E estimates as we expect a recovery by then. Mai...
Neutral Shoppers Stop Ltd : Continues to be hit by COVID-19 woes - Motilal Oswal
Neutral Shoppers Stop Ltd : Continues to be hit by COVID-19 woes - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
18/06/2021 9:56:10 AM
Shoppers Shop : Relatively slower recovery - Emkay Global Hold Shoppers Stop Ltd For Target Rs.220 Relatively slower recovery * Q3 revenue declined ~30% YoY, largely in line with our/Street expectations. The recovery remains slow due to higher mall exposure (74 mall stores out of total 85 stores). With staggered multiplex opening, SHOP expects full revenue recovery by Q2/Q3FY22E. * Cost savings have been good at Rs3.8bn/Rs4.5bn in 9MFY21/FY21E, of which Rs2bn is expected to sustain in FY22E. However, SHOP indicated plans to re-invest thes...
Shoppers Shop : Relatively slower recovery - Emkay Global
Shoppers Shop : Relatively slower recovery - Emkay Global
Source: Emkay Global Financial Services Ltd
28/01/2021 12:03:02 PM
Hold Shoppers Stop Ltd For Target Rs.228 - ICICI Direct Festive season enables sharper recovery… SSL reported better than expected revenue recovery rate to the tune of ~71% in Q3FY21 vs. our estimation of 65%. The revenue recovery rate is impressive given the fact that it lagged peers with recovery rate of mere 35% in Q2FY21. Revenue for the quarter declined by 28.8% YoY to | 707.6 crore with footfalls reaching 50% of pre-covid levels vs. mere 20% in Q2FY21. Non-metro cities (Tier-II/III cites) continued to recover at a faster pace (dow...
Hold Shoppers Stop Ltd For Target Rs.228 - ICICI Direct
Hold Shoppers Stop Ltd For Target Rs.228 - ICICI Direct
Source: ICICI Direct
26/01/2021 12:03:57 PM
Buy Shoppers Stop Ltd For Target Rs. 220 - Motilal Oswal Prolonged recovery * Hit by COVID-19, SHOP’s revenue declined 29% YoY, led by lower footfalls and improved focus towards strategic initiatives like Personal Shopper and First Citizen. This resulted in a healthy recovery in footfalls and increased sales contribution of ~6% from omni-channels. * We have cut our FY21E revenue/EBITDA estimate by 12%/92% due to the prolonged impact from the COVID-19 pandemic.   EBITDA turns positive on sharp cost-cutting measures * Standa...
Buy Shoppers Stop Ltd For Target Rs. 220 - Motilal Oswal
Buy Shoppers Stop Ltd For Target Rs. 220 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/01/2021 10:42:45 AM