Shoppers Stop has released its Q2 results with sales for the quarter at US $ 127 million, showing a growth of 4 per cent over the same quarter in the previous year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at US $ 18.67 million, a growth of -8 per cent over the previous year’s quarter.
Average Transaction Value (ATV) climbed by 9 per cent, Average Selling Price (ASP) increased by 7 per cent, and Items Per Transaction (IPT) increased by 2 per cent. Shoppers Stop’s sales for H1 FY ’25 stood at US $ 250 million, a growth of 5 per cent, with EBITDA at US $ 35.91 million.
With sales of US $ 18.55 million and an overall contribution of 18 per cent in the apparel market, private brands helped to cut inventory by US $ 4.75 million over the previous year.
“Despite a difficult external environment, we remained resilient in our pursuit to deliver growth,” said Kavindra Mishra, MD and CEO of Shoppers Stop Ltd. “Despite the fact that demand was sluggish in July and August due to fewer wedding dates, prolonged rains, and generally low discretionary spending, Shoppers Stop produced noteworthy financial gains. This quarter, we expanded our products in the Premium Category while maintaining an unwavering commitment to investing in this area.”
On 1st October, Shoppers Stop opened its 50th Intune Store, expanding its reach to 20 locations. Higher Full Price Sales led to stronger margin realisations than anticipated. The business anticipates opening 22 more locations in Q3 and 28 in Q4 of this year.