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Jan 31, 2023, 11.30 AM

Shoppers Stop Q3 revenue rises 20%

Revenue stood at Rs 1430 crore, up 20% YoY, while PAT was at Rs 68 crore.

The company’s strategy to give a great buying experience to the customers is fueling footfalls at our physical stores, and eyeballs online.

Shoppers Stop Ltd. one of India’s leading premier retailers of fashion and beauty brands, has declared its results for the quarter ended December 31, 2022, for the fiscal year 2022-23.

Revenue stood at Rs 1430 crore, up 20% YoY, while PAT was at Rs 68 crore.

Venu Nair, MD and CEO at Shoppers Stop, commented on the Q3FY23 results, "The growth momentum continued from the second quarter, tapering down a little after Diwali. Customer sentiments remain largely buoyant due to the prolonged festive and wedding season demand. The company’s strategy to give a great buying experience to the customers is fueling footfalls at our physical stores, and eyeballs online. The revamped look and feel of the stores, and diversified product SKUs have made Shoppers Stop the preferred choice of customers." 

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