Shoppers Stop Limited has informed the Exchange about General Updates
SHOPERSTOP · price
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Shoppers Stop has invested Rs. 10 Crores in its wholly owned beauty subsidiary Global SS Beauty Brands Limited (GSSBL) by subscribing to 1,000 Optionally Convertible Preference Shares at Rs. 1 lakh each. This is the third tranche, bringing total preference share investment in GSSBL to Rs. 95 Crores (Board had approved an additional Rs. 50 Crores in April 2025, of which Rs. 40 Crores has now been deployed). GSSBL, which runs the company's beauty product distribution and specialty beauty stores, reported a sharp jump in turnover from Rs. 14 Crores in FY23 to Rs. 96 Crores in FY24 and Rs. 220 Crores in FY25. The funds will be used for expansion plans and working capital as GSSBL scales its luxury beauty retail business.
Positive long-term signal as the beauty subsidiary is the fastest-growing segment (turnover up over 15x in two years), and continued capital infusion shows management's commitment to scaling it. No change in ownership or EPS dilution since GSSBL is already a 100% subsidiary. Shareholders should watch for breakeven timelines and future revenue contribution from this segment.