Shoppers Stop Share Price Rises 6.32%; Reports 37% YoY PAT Growth in Q3 FY25 Results

Shoppers Stop Ltd has declared its results for the quarter ended December 31, 2024. Post the announcement, on January 15, 2025, Shoppers Stop share price (NSE: SHOPERSTOP) opened at ₹667.95, up from its previous close of ₹620.20. At 9:54 AM, the share price of Shoppers Stop was trading at ₹659.40, up by 6.32% on the NSE.

Q3 FY 2025 Financial Highlights

For Q3 FY25, the company reported a GAAP sales revenue of ₹1,311 crore, reflecting a 9% year-on-year (YoY) growth compared to ₹1,207 crore in Q3 FY24. On a Non-GAAP basis, sales revenue stood at ₹1,585 crore, up by 7% YoY from ₹1,483 crore in the same quarter last year, showcasing consistent growth across reporting standards.

Profit After Tax (PAT) for the quarter grew significantly. On a GAAP basis, PAT increased by 37% YoY to ₹49 crore, compared to ₹35 crore in Q3 FY24. Similarly, on a Non-GAAP basis, PAT stood at ₹45 crore, marking an 11% YoY growth from ₹40 crore in the corresponding quarter of the previous year. These results underscore the company’s robust performance and focus on profitability.

Nine Months FY 2025 Financial Highlights

For the nine months ended FY25, the company recorded GAAP sales revenue of ₹3,413 crore, representing a 6% year-on-year (YoY) growth compared to ₹3,213 crore in the same period of FY24. On a Non-GAAP basis, sales revenue was ₹4,143 crore, up by 4% YoY from ₹3,996 crore, indicating steady revenue growth across both reporting methods.

However, Profit After Tax (PAT) for the nine-month period declined significantly. On a GAAP basis, PAT dropped by 93% YoY to ₹4 crore, compared to ₹52 crore in FY24. On a Non-GAAP basis, PAT fell by 71% YoY to ₹15 crore from ₹50 crore in the prior year, reflecting challenges in profitability despite revenue growth.

Commenting on the Q3FY25 results, the MD and CEO of Shoppers Stop Ltd, Mr Kavindra Mishra, said, “We have improved every KPI’s during the quarter. Our strategic focus is to make Private Brands profitable. I am extremely pleased to say that Private Brands generated healthy margin growth, driven by lower markdown and obsolescence. The Beauty category continues to grow, Sales grew +3%, led by a Fragrance +14%. Our flagship store at Inorbit Malad, Mumbai, has been fully renovated and is now operational, featuring premium product offerings and enhanced customer experiences.”

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