Shoppers Stop Q4 profit down 46.6% to Rs 8.1 cr

Tags: News
Retail chain Shoppers Stop Ltd today reported 46.60 per cent decline in standalone net profit to Rs 8.1 crore for the fourth quarter ended March 31, 2014, due to higher expenses.

The company had posted a net profit of Rs 15.17 crore in the corresponding quarter of 2012-13.

Income from operations in the period under review moved up to Rs 727.9 crore, an increase of 18.10 per cent from Rs 616.31 crore in the same quarter of the previous fiscal, the company said in a BSE filing.

Overall March quarter expenses were at Rs 717.31 crore, an increase of 19.81 per cent from Rs 598.86 crore in the same quarter of the previous fiscal.

"Our focus remains on expansion in the department store category and achieving profitability in Hypercity. In the coming year, we aim to maintain a healthy like-to-like growth in the department store format," Shoppers Stop Ltd Customer Care Associate and Managing Director Govind Shrikhande said.

Shoppers Stop added 2 stores in this quarter taking the total store addition count to 13 in FY 2014.

Shoppers Stop scrip closed at Rs 357, down 1.18 per cent, from its previous close on the BSE.

EDITORIAL OF THE DAY

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Hate in the time of bhaijaan

A few days ago I went to watch Bajrangi Bhaijaan, ...

Purnendu Ghosh

Death reveals the true colours of life

Death is instantaneous but it comes progressively. Some say, death ...

Gautam Gupta

Our fashion schools need to notch it up

"Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture