X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Shopper's Stop: Shopping is back in fashion - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

MidCapSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Shopper's Stop: Shopping is back in fashion
May 11, 2010

Shopper's Stop has announced its FY10 results. The company has reported an 11.3% YoY growth in sales. At the net level, it reported profit of Rs 502 m as against a loss of Rs 637 m in FY09. Here is our analysis of the results.

Performance summary
  • Standalone topline grows by 11% YoY. The growth has come in on account of expansion of retail footprint and economic revival that boosted consumer sentiment.
  • Operating margins expand by 4.6% as costs continue to grow at a slower pace compared to growth in topline.
  • Apart from good show at operating level, lower depreciation and interest lead to profitable end to the fiscal year.
  • At the net level, it reports Rs 502 m as profit as against a loss of Rs 637 m during the same period last year.
  • On a consolidated basis, topline grows by 11.4% YoY. At the net level, the company reports a profit of nearly Rs 359 m as against a loss of nearly Rs 637 m during the same period last year.
  • During the year, Shopper’s Stop increased its retail footprint across formats. It added 4 Shoppers Stop stores, 4 Crossword outlets, 2 MAC stores, 2 Estee Lauder stores and 1 Clinique store.
  • The board of the company has recommended a dividend of Rs 1.5 per share for the fiscal.
  • The company holds 19% stake in Hypercity and can increase it to 51% by the end of June 2010. The board of the Directors has accorded their ‘in principle’ approval subject to requisite approvals for acquisition of balance 32% of share capital of Hypercity Retail (India) Ltd.

To Read the Full Story, Subscribe or Sign In


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

SHOPPERS STOP SHARE PRICE


Sep 24, 2018 (Close)

TRACK SHOPPERS STOP

  • Track your investment in SHOPPERS STOP with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

SHOPPERS STOP 5-YR ANALYSIS

COMPARE SHOPPERS STOP WITH

MARKET STATS