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Indian fashion retail giants showcase diverse performances in Q2 FY24

Shoppers Stop: Steady yet subdued performance

Shoppers Stop reported flat year-on-year (YoY) sales at &#****;*,*** crore due to softer demand. However, the average transaction value (ATV) increased by * per cent to &#****;*,*** from &#****;*,***, and the Average Selling Price (ASP) also saw a * per cent rise to &#****;*,*** from &#****;*,***, indicating a trend towards premiumisation. Items per ticket (IPT) increased by * per cent. The company&#**;s First Citizen programme contributed ** per cent to the sales mix, with sales from repeat customers at ** per cent and new enrolments at ** per cent. Non-apparel segments grew by * per cent, led by handbags at a ** per cent rise, luggage at a * per cent rise, and footwear at a * per cent increase. Financially, EBITDA stood at &#****;** crore (*.* per cent of sales), with negative profit before tax (PBT) at &#****;* crore and negative profit after tax (PAT) at &#****;* crore, both accounting for minus *.* per cent of sales.