Shoppers Stop is the top gainer on July 27 with 8 per cent gain
Shopper Stop finally reported profit for Q1
On July 27, the shares of Shoppers Stop Ltd are among the Top Gainers in the BSE group ‘A’. At 12:54 pm, the stock is trading at 585.05 and is up 8 per cent for the day. The stock is trending today as the company announced their Q1 results yesterday on Tuesday. In the last 10 quarters, it is only the second time when the company has reported positive bottom line.
The total revenue improved by 362 per cent from Rs 205 crore in Q1 FY21 to Rs 948 crore in Q1 FY22. The company reported net profit of Rs 22.83 crore, as against net loss of Rs 104.89 crore in the same quarter of last fiscal year.
However, the company has delivered poor long-term performance. The 5-year sales growth for the company stood at -5 per cent CAGR.
Established in 1991, Shoppers Stop limited major retailer of apparel and cosmetic products. Across India, the company owns and manages a number of department stores, home concept stores, and specialised beauty shops.
The company belongs to S&P BSE small cap index and has a market capitalization of Rs 6,410 crore. The shares of the company are trading at a PE multiple of 109x.
The stock has a 52-week high and low of Rs 605.15 and Rs 226, respectively.
On July 27, the stock opened at Rs 574 and so far, at 12:54 pm, the stock has made an intraday high and low of Rs 605.15 and Rs 567.7, respectively.