Q2 roundup: Indian cos get festive boost; almost 62% post profit rise
There is definitely a festive boost which cannot be denied and which is reflected in earnings performance, said Vivek Kumar, economist at Mumbai-based QuantEco Research."There was also some comfort on input prices moderating in the quarter, and a boost from pent-up demand. All these factors came together to help.
Shoppers Stop posts 60% revenue jump, plans for big festive period
Shoppers Stop's net income was 181.4 million rupees, compared with a loss of 30.3 million rupees a year earlier, even though the profit came in below the average estimate of four analysts polled by Refinitiv.
Vinit Bolinjkar on two hidden gems that he is betting on
"We are quite cautious on the IT pack and more so from the performance side, we are cautious because according to our internal models, their valuations are far away from their mean valuations and we expect the trend to continue and barring for HCL Tech, most of the largecap names have still to play catch up in terms of giving away some of the over valuation that has happened."
Shoppers Stop Ltd is a leading premier retailer of fashion and beauty products established in 1991. It owns and operates various department stores, home concept stores and specialty beauty stores across the country.
Shoppers Stop has hit a new 52-week high. The stock is almost at a new all-time high. The stock has moved up from 400 in June all the way to 700-750. So a good part of the trade is over, but structurally the trend is positive across this space. A 5% to 10% correction from here is where I would look at investing.
Fundamental strength backing tyre stocks; 2 stocks to bet on: Sandip Sabharwal
“We are holding Apollo tyres in slightly bigger quantities and Ceat in somewhat smaller quantities. I am more bullish on Apollo because of the global nature of their business. The fact that their European operations have hedged energy costs for nearly one year and so to that extent, profitability will not get impacted there.”
Buy Shoppers Stop, target price Rs 740: ICICI Direct
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 954 crore, up 29.84 per cent from last quarter total income of Rs 734.73 crore and up 253.99 per cent from last year same quarter total income of Rs 269.50 crore.
Reliance Retail FY22 net profit rises 7.6% to ₹4,935 crore
The company is the country's largest retailer. Its net profit was nearly three times the combined profit of the nearest five listed retailers: Avenue Supermarts which owns the DMart chain, Tata-owned Trent, Shoppers Stop, Spencer's Retail and V-Mart Retail. Revenue was more than four times the combined revenue of the rivals.
Top retailers saved Rs 1,500 cr in rent in Covid winter
Costly real estate in India makes it important for retailers to generate high price realisation per square foot of space to maintain profitability. Shutdowns and then restricted operations of malls and high streets during the pandemic had severely affected retailers, who then sought discounts on rent to lessen the impact of business loss.
Own labels turn hot sellers for apparel, grocery retailers
Most retailers, especially in the food and grocery segment, introduce their own cut-price versions or private labels of mass-produced products to earn higher margins but also offer consumers lower priced options. Unlike fast moving consumer goods, which have seen sales decline, lifestyle retailers have posted double-digit growth despite price hikes.
Big Movers on D-St: What should investors do with L&T, Shoppers Stop and Tata Motors?
Stocks that were in focus include names like L&T which closed with gains of nearly 3 per cent post Q1 results, Shoppers Stop which rallied over 7 per cent, and Tata Motors which ended with muted gains ahead of results.
Shoppers Stop shares gain 12% on a robust June quarter
The departmental-store company has reported a consolidated profit of Rs 22.83 crore in Q1FY23 against a loss of Rs 104.89 crore in the year-ago period and a loss of Rs 15.85 crore in the previous quarter
Stocks in the news: TCS, Adani Ports, HDFC, Tata Steel, NTPC and Yes Bank
IT major Tata Consultancy Services has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.
Headwinds galore but these stocks can be good bets from retail sector
Market analysts believe that spending patterns across metro and mini-metros have remained healthy, whereas the lower income strata have been hit by challenging job market and inflationary pressures, resulting in a dent in their discretionary spends.
Shopping, eating out surge after two washout years
Such a spike is seen mostly in urban markets, in malls and large high-street retail or dining areas as of now, despite increase in restaurant menu or product prices, and the overall inflationary environment. In fact, several executives said they are extremely bullish on sales in the short-to-medium term.
Covid subdued, retail majors go big on new store openings
In the last fiscal, the top nine companies including Reliance Retail, Aditya Birla Fashion and Retail (ABFRL), DMart, Tata's Trent and Starbucks added 3,206 outlets to reach a combined store network of 22,803, according to data sourced from their latest investor presentations.
Retailers overcome slow start, to grow in double digits in Q4
"Target segment's disposable income is higher than what it was two years ago, which is causing consumption to go up," Shoppers Stop managing director Venu Nair told analysts recently. "The number of wedding events is starting to go up. School and offices are opening, which will require a wardrobe reboot. Consumption of beauty and kids' clothes will be back. So, the next six months will be rosy for us," he added.