Shoppers Stop Limited has informed the Exchange regarding Board meeting held on April 29, 2025.
SHOPERSTOP · price
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Awaiting price reaction for this filing.
Shoppers Stop's board approved audited standalone and consolidated results for Q4 and FY25. Standalone revenue from operations grew 5.3% to Rs 4,435.61 Cr, but net profit collapsed 90.9% to Rs 6.74 Cr (vs Rs 73.88 Cr in FY24). Consolidated revenue rose to Rs 4,627.64 Cr while net profit fell 85.9% to Rs 10.89 Cr (vs Rs 77.25 Cr). Q4 standalone showed revenue of Rs 1,022.36 Cr and a thin profit of Rs 2.47 Cr (vs Rs 21.60 Cr last year). The company credited a tax adjustment of Rs 5.73 Cr from prior years. Founder-Chairman B.S. Nagesh (34 years with the company) will not seek reappointment at the July 17, 2025 AGM. Nirvik Singh (ex-Global COO of Grey Group/WPP) will take over as Non-Executive Chairman from July 18, 2025. M/s. Parikh & Associates has been appointed as Secretarial Auditor for a 5-year term (FY26–FY30), subject to shareholder approval.
The sharp drop in full-year profit despite modest revenue growth is likely to weigh on sentiment, as rising finance and depreciation costs appear to have squeezed margins. The well-flagged leadership transition from a long-standing founder-chairman brings near-term governance focus, though Nirvik Singh's marketing and consumer-brand background signals a strategic tilt toward customer and digital growth. Short-term stock reaction is likely to be cautious given the weak earnings print.