Profit before tax stood at Rs 18.03 crore in Q4 FY23 as compared to pre-tax loss of Rs 47.90 crore in Q4 FY22.

The company reported positive EBITDA of Rs 55 crore in Q4 FY23 as against negative EBITDA of Rs 13 crore posted in same quarter last year.

The company's Private Brands revenue grew 35% YoY and beauty segment revenue was up by 29% YoY.

Shoppers Stop said that its First Citizen Members contributed 77% of its offline sales and 39% of online sales.

On full year basis, the company recorded net profit of Rs 116.01 crore in FY23 as against Rs net loss of Rs 47 crore in FY22. Net sales jumped 59.7% year on year to Rs 4,022.13 crore in FY23 over FY22.

Venu Nair, managing director & chief executive officer (CEO), Shoppers Stop, said, “I am pleased to share that we have continued to deliver robust sales growth this quarter, which is broad based with a healthy balance of price, volume and mix. This is the highest sales and sales growth with all KPI's consistently improving over period of time. All our Strategic Pillars have delivered this quarter, and we continue our sharp focus on robust growth on each one of them.

Specifically, on our customers, we had over 36 million visits across our offline and online channels in this quarter, with elevated shopping experience. The Average Transaction Value (ATV) and Average Selling Price (ASP) grew by 6% and 9% respectively.

Our Private Brands Sales grew by 35%, and volume grew by 28%. The Beauty segment grew by 29%. For the full year our Private brands and Beauty grew by 70% and 54% respectively. We have begun distributing premium Beauty Brands from last quarter. We have added 15 brands with exclusive distribution rights and on boarded 10+ retailers during the year. On Home, we have on boarded Kavindra Mishra (Kavi) as CEO for Home Business and Chief Commercial Officer (External Brands)

We opened 11 department stores and 12 beauty stores during this fiscal year. For the quarter, we opened 2 Department and 1 Beauty store. In addition to above, to enhance customer experience, we renovated 11 Department and 5 Beauty Stores. With this more than 60% of our stores will have the new renewed appearance.”

Meanwhile, the board has approved the re-appointment of Venugopal Gopal as managing director designated as managing director and chief executive officer (CEO) for a further period of 3 years from 6 November 2023 to 5 November 2026 (both days inclusive).

Further, the board has also approved additional investment in Global SS Beauty Brands (GSBBL), wholly owned subsidiary of the company upto Rs 25 crore in one or more tranches, by way of subscription to right issue of 2,500 preference shares i.e. 0.01% noncumulative optionally convertible preference shares (NOCPS) each at par at face value of Rs. 1 lakh each of GSBBL. The investment will be completed by Q2 2024.

Shoppers Stop is the nation's leading premier retailer of fashion and beauty brands.