Shoppers Stop Limited has informed the Exchange regarding Outcome of Board Meeting held on April 29, 2025.
SHOPERSTOP · price
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Shoppers Stop's Board approved audited financial results for Q4 and FY ended March 31, 2025. Standalone revenue from operations grew to Rs 4,435.61 crores in FY25 from Rs 4,213.16 crores in FY24, but net profit fell sharply to Rs 6.74 crores from Rs 73.88 crores, with EPS dropping to Rs 0.61 from Rs 6.73. Consolidated revenue rose to Rs 4,627.64 crores while net profit dropped to Rs 10.89 crores from Rs 77.25 crores. The company also announced the retirement of founder B.S. Nagesh as Chairman and Non-Executive Director at the AGM on July 17, 2025, after 34 years. Nirvik Singh, currently a Non-Executive Director with 35+ years in marketing and advertising (ex-Global COO of Grey Group/WPP), will take over as Non-Executive Chairman from July 18, 2025. Additionally, M/s. Parikh & Associates has been appointed as Secretarial Auditors for a five-year term starting April 1, 2025.
Revenue growth is positive but the sharp drop in net profit signals margin pressure and higher costs, which may weigh on the stock in the short term. The leadership transition from founding Chairman B.S. Nagesh to an external marketing veteran could be viewed as a strategic pivot but also introduces some uncertainty for long-term shareholders.