Shopper's Stop Limited - Securities and Exchange Board of India

Period ending March 31 2004
(14 Stores)
Stock Turns (no of
times)
141
2003
(12 Stores)
3.69 4.05 5.80
2002
(9 stores)
Our stock turn ratio for FY2002 is not comparable with ratios of other two years since there was a change
in purchase arrangement that the Company had with its vendors.
Also , there were new stores that were open only for a part of the year whilst inventory was added to fill
the stores.
Business Performance
Revenue:
Our unconsolidated Gross Retail Sales (Merchandise Sales including Outright Sales, Concessionaire
Sales, and Consignment Sales) and Profit after Tax for the year ended March 31, 2004 was Rs. 3954 mn
and Rs. 121 mn (before re-statement) respectively as compared to a Gross Retail Sales of Rs. 2,949
mn and Profit After Tax (before re-statement) of Rs. 106 mn respectively for the year ended March 31,
2003. Gross Retail Sales, which indicates purchases by customers in our stores, is an important
parameter that we track. Our Gross Retail Sales grew by 34 % in 2004 to Rs.3954 mn from Rs. 2,949
mn in 2003. The trend of our Gross Retail Sales for the past 3 years is as under:
Rs mn
Period ending March 31 2004 2003 2002
Gross Retail Sales
Of Products Traded in by the Company
- Own Merchandise (including concessionaire
sales) 3001 2,508 2,010
- Consignment Merchandise 953 441 392
Gross Retail Sales 3954 2949 2402
% change over previous year 34% 23% 13%
We retail a range of branded and own private label apparel, footwear, perfumes, cosmetics, jewellery,
leather products and accessories, home products, books, music and toys in our stores. The break up of
our Gross Retail Sales for the above periods is as given below:
Sales Mix %
Period ending March 31 2004 2003 2002
Apparel 67.58% 70.06% 72.00%
Non- Apparels 32.42% 29.94% 28.00%
Total 100% 100% 100%