Highlights of Q4FY19

·         Revenue from Operations: Rs.791.1 Crs

·         Like-to-like growth at 3.7%

·         EBIDTA stood at Rs.64.4 Crs growth of 22.1%.

·         PBT (excluding exceptional items#) stood at Rs.16.4 Crs.

·         1,34,187 members added to First Citizen Loyalty Program

·         Stores added in the quarter: 1 Shoppers Stop store, 2 M.A.C store & 1 Clinique store

Highlights of FY19

·         Revenue from Operations touches Rs. 3481.3 Crs.

·         Like-to-like growth of 3.9%

·         EBIDTA stood at Rs.271.2  Crs, a growth of 19.1% over FY18

·         PBT (excluding exceptional item#) at Rs.123.7  Crs a growth of 55% over FY18

·         Total stores added during the year: 2 Shoppers Stop stores, 7 M.A.C stores, 3 Clinique stores

and 3 Bobbi Brown stores

Total Retail area – 4.25 Million. Sq. ft.

Total First Citizens members – 6.06 Million

Exceptional item – Mark to market on the investments made in FRL 

Mumbai, April 30, 2019: Shoppers Stop Ltd. (NSE: SHOPERSTOP | BSE: 532638), reported sales of INR 791.1 Crs in Q4 FY19, up by (6.9%) Y-o-Y, excluding impact of AS115 and GST, the sales growth is 4.7%. EBIDTA for the quarter is INR 64.4 Crs, up by 22.1%. The Company posted Profit after Tax of INR 11.5 Crs in Q4 FY19 [excluding mark to market on the investments made in Future Retail Ltd. (FRL)], but includes higher depreciation owing to one store closure, one store relocation and re-evaluating the life of the assets in line with lease period aggregating to Rs.18.69 Crs.

For FY19, the company reported sales of INR 3481.3 Crs.; again, excluding the impact of AS115 and GST, the growth is 6%. The EBITDA for FY19 stood at INR 271.2 Crs, up by 19.1% Y-o-Y. The company posted Profit after Tax of INR 78.8 Crs in FY19, (excluding mark to market of investments in FRL) up by 578.7%. During the course of year, the company provided one-off depreciation for Rs.32.53 Crs, due to one store closure, one store re-location, upgrading stores and re-evaluating the life of the assets in line with the lease period. 

Commenting on the financial performance of the company, Mr. Rajiv Suri, Customer Care Associate, Managing Director & Chief Executive Officer, Shoppers Stop Ltd. said, “Last year has been a pivotal year in Shoppers Stop which makes the Company embark on positive growth and results. We reviewed every aspect of our business and worked aggressively towards strengthening our strategic pillars of First Citizen Members, Personal Shoppers, Exclusive Brands and Beauty. We have made key investments in the new leadership team and are aiming for sustainable and industry leading growth in the years ahead. The keystones of fashion, personalization and convenience remain at our core. Our commitment to doing what is in the best interest of our customers, associates and shareholders remains our focus.”

Shoppers Stop and its specialty retail footprint:

*includes franchisee stores