Shoppers Stop has reported a Q1 growth of 4% YoY to Rs 1,241 crore in sales, with flat margins and non-GAAP EBITDA of Rs 58 crore. While apparel sales have slowed in comparison to Q1 of the last financial year, which saw a surge in consumption following the initial Covid outbreak, Shoppers Stop believes the apparel story will continue to be strong, with non-apparel categories such as beauty, watches and luggage driving growth in this quarter.
