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Shoppers' Stop stares at FY21 loss on lower footfall, higher costs
The FY21 cut was prompted by indications that the June quarter has been a complete wash out and the outlook in the coming quarters will be weak given the economic downturn
Shopper Stop posts net loss of Rs 127 cr in Q4FY20; shares slip 5%
Revenue from operations declined to Rs 724.38 crore during the period under review from Rs 812.65 crore in the same period of 2018-19
Shoppers Stop: Lower volumes and muted same-store sales dent Q4 performance
On a full-year basis (FY18), cost control initiatives helped the company improve margins to 5.9 per cent, which is 60 basis points higher than FY17