Eye 20% topline growth in FY15: Shopper's Stop

Shrikhande says that the company has been expanding at a face pace and its like-to-like store growth stood at 8 percent in Q4FY14.

Comfortable with current debt:equity ratio of 0.6

Govind Shrikhande

MD

Shoppers Stop

Shopper's Stop  aims to open another eight stores in the coming year. In an interview to CNBC-TV18, managing director Govind Shrikhande says, he expects the company's topline to grow 20 percent in FY15.

The retail chain reported 46.60 percent decline in standalone net profit to Rs 8.1 crore for the fourth quarter ended March 31, 2014, dragged by higher expenses. The company had posted a net profit of Rs 15.17 crore in the corresponding quarter of 2012-13. It also witnessed a drop at the gross margins level.

Shrikhande says that the company has been expanding at a face pace and its like-to-like store growth stood at 8 percent in Q4FY14.

Its overall expenses in the March quarter increased 19.81 percent to Rs 717.31 crore from Rs 598.86 crore in the same quarter of the previous fiscal. "Our interest costs have gone up due to large investments made," he adds.

He expects FY16-17 to be a turnaround period for the company and is confident that its Hypercity business will turn PAT-positive by year-end.

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