Shoppers Stop Limited

rs,

Mumbai 400 051. Stock Symbol : SHOPERSTOP SEC/124/2024-25 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001. Stock Code : 532638 Dear Sir / Madam, Sub.: Press Release

Rs 1311

distribution Delivered Strong Q3 performance, driven by premiumization and other KPI’s Q3 Sales Rs 1311 Cr +9%, EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI

9%

n Delivered Strong Q3 performance, driven by premiumization and other KPI’s Q3 Sales Rs 1311 Cr +9%, EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV

Rs 262

ed Strong Q3 performance, driven by premiumization and other KPI’s Q3 Sales Rs 1311 Cr +9%, EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and

20%

3 performance, driven by premiumization and other KPI’s Q3 Sales Rs 1311 Cr +9%, EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and IPT +2

Rs 49

ance, driven by premiumization and other KPI’s Q3 Sales Rs 1311 Cr +9%, EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and IPT +2%  Premiu

37%

ven by premiumization and other KPI’s Q3 Sales Rs 1311 Cr +9%, EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and IPT +2%  Premium categ

6%

EBITDA Rs 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and IPT +2%  Premium categories contribution continues to improve @ 64%, +9% YoY and +5%

4%

s 262 Cr +20%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and IPT +2%  Premium categories contribution continues to improve @ 64%, +9% YoY and +5% Like for

2%

%, PAT Rs 49Cr +37% (GAAP)  Consistent improvement in Operational KPI’s ATV +6%, ASP+4% and IPT +2%  Premium categories contribution continues to improve @ 64%, +9% YoY and +5% Like for Like  Fir

64%

ational KPI’s ATV +6%, ASP+4% and IPT +2%  Premium categories contribution continues to improve @ 64%, +9% YoY and +5% Like for Like  First Citizen contributed 83%, + 411bps with Repeat sales 69%, +

5%

+6%, ASP+4% and IPT +2%  Premium categories contribution continues to improve @ 64%, +9% YoY and +5% Like for Like  First Citizen contributed 83%, + 411bps with Repeat sales 69%, + 267bps with 11.5M

“Commenting on the Q3 FY25 financial results, he said, “We ended Q3 with a fairly positive note and the growth trajectory of the business heading in the right direction.”

“(Apprentices Act, 1961) – Expected to open 85 stores by FY25 end.”

“169 Crs +69% YoY Improving Sales Trend QoQ 78 62 52 39 23 15 Q1 Q2 FY24 FY25 Q3 INORBIT MALAD, MUMBAI 24 3 ARMANI Beauty stores launched • Launch video of DLF Promenade store with Athiya Shetty • Master class event clip at Jio World Drive, BKC, Mumbai with influencers 25 1.”

“in Crs.​ FY25 FY24 Gr%​ FY25 FY24 Gr%​ Gross Revenue Net Revenue Other Income​ 4143 3659 70 3996 3521 67 Total Revenue​ 3729 3588 1368 1313 4% 4% 5% 4% 4% 3837 3413 36 3614 3213 6% 6% 21 68% 3449 3235 1379 1312 7% 5% Margin​ Margin%​ Operating Exp.​ EBITDA​ Depreciation​ Finance Cost​ PBT​ 37.4% 37.3% 10 Bps 40.4% 40.8% -40 Bps 1293 145 111 10 24 1191 189 97 8 84 9% -23% 15% 22% -71% 850 564 367 189 8 764 569 324 167 78 11% -1% 13% 13% -89% 36 ​ BALANCE SHEET (Non-GAAP) Particulars ​(Rs.”

“In Crs.) Net worth Loan Fund Total Liabilities Fixed Assets + Lease Deposit Investments Inventory* Other Assets Total Current Assets Trade Creditors Goods* Others Total Current Liability Net Current Assets Total Assets Dec’24 804 99 903 888 60 1993 579 2475 2129 488 2617 -142 903 Previous years numbers are regrouped/rearranged wherever necessary * Particulars ROR Inventory ROR Creditors FY25 1,373 1,827 FY24 1,110 1,475 Mar’24 785 125 910 864 59 1617 552 2070 1678 503 2181 -111 910 Net Cash Rs.”

“16 -390 179 246 -26 1 5 ^ FY25 includes Rs.2.1 Crs provided for stocks damaged under fire in Noida, though confident of receiving nearly full amount from Insurance co 42 As on 31 st Dec’24 284 S t o r e s 11.5 Mn F I R S T C I T I Z E N S 800+ B R A N D S 12% Mix P R I V A T E B R A N D S 17% Mix B E A U T Y 4.3 M S Q U A R E F E E T A R E A 68 C I T I E S 13 Mn C U S T O M E R E N T R Y i n Q 3 ( 1 ) 2 1 .”

Management Comments

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Note

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Management Comments

Commenting on the Q3FY25 results, Mr. Kavindra Mishra, MD and CEO of Shoppers Stop Ltd, emphasized the company's resilience in a challenging economic environment. Commenting on the Q3 FY25 financial results, he said, “We ended Q3 with a fairly positive note and the growth trajectory of the business heading in the right direction. We have delivered healthy volume-led revenue growth of 9% and LFL growth of 4%, despite higher inflation and decline in consumer spending. We had taken number of initiatives during the quarter such as “India Weds with Shoppers Stop”, “Gifts of Love”, “Winter Magic Campaign” and “ShowStoppers”, “Singles Day” in Beauty, etc. These initiatives led to increase in premiumization, and our premium categories contributed 64% of our total revenue. We have improved every KPI’s during the quarter. Our strategic focus is to make Private Brands profitable. I am extremely pleased to say that Private Brands generated healthy margin growth, driven by lower markdown and obsole

Note

We have published a detailed Non-GAAP and GAAP Income Statement. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. About Shoppers Stop Limited: Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. Spread across 109 department stores, the Company also operates 11 premium home concept stores, 85 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, ARMANI, SS Beauty, 59 Intune stores and 20 Airport doors, occupying area of 4.3 M sq. ft. present in 68 cities pan India. Shoppers Stop is home to one of the country's longest running and most coveted loyalty program 'First Citizen'. The Company's one-of-a-kind shopping assistance service, 'Personal Shopper' is revolutionizing the way Indian’s shop, bringing more value, comfort, and