Shoppers Stop Limited has informed the Exchange about Transcript
SHOPERSTOP · price
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Shoppers Stop filed the transcript of its Q4 FY25 earnings call held on April 30, 2025. For the full year, the company reported revenue of Rs 5,427 crores (up 4% YoY), EBITDA of Rs 183 crores, PBT of Rs 18 crores, and PAT of Rs 23 crores. Q4 delivered 4% sales growth (3% like-for-like) and 2% EBITDA growth, with private brand margins expanding 730 bps in the quarter and 530 bps for the full year. The company opened 73 stores in FY25 (52 INTUNE, 9 Department, 7 Beauty, 5 HomeStop) and invested Rs 192 crores in capex/deposits and Rs 126 crores in working capital, leading to a Rs 137 crore increase in borrowings. Management guided FY26 plans of 40-60 INTUNE stores and 6-7 Departmental stores, with capex fully funded through internal accruals and a Rs 100 crore working capital reduction to lower debt.
Margin improvement is a key positive — management is targeting slightly higher than mid-level EBITDA margins in FY26, driven by cost leverage. The debt reduction roadmap (internal accrual-funded capex, Rs 100 crores working capital cut) signals balance sheet discipline. Watchpoints include softness in value fashion (INTUNE), weak South India demand, and one-time deferred tax benefits in Q4 that flatter reported profits.