SHOPERSTOP2024-04-012024-06-30 SHOPERSTOP2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member SHOPERSTOP2024-06-30 SHOPERSTOP2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532638 SHOPERSTOP NOTLISTED Shoppers Stop Limited Equity 2024-04-01 2025-03-31 2024-07-18 2024-07-10 INR Crores First quarter 14:00:00 17:30:00 2024-07-18 2024-07-18 Not applicable Single segment Operating Segment 2024-04-01 2024-06-30 Unaudited Standalone 10337000000.00 35400000.00 10372400000.00 0.00 6639000000.00 -498000000.00 1000900000.00 603700000.00 1166900000.00 1774400000.00 10686900000.00 -314500000.00 0.00 -314500000.00 0.00 -89400000.00 -89400000.00 0.00 -225100000.00 0.00 0.00 0.00 0.00 -225100000.00 -1900000.00 -227000000.00 -227000000.00 0.00 549800000.00 5 -2.05 -2.05 0.00 0.00 -2.05 -2.05 1.The above financial results have been prepared in accordance with Indian Accounting Standards as precribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. 2.The Company is primarily engaged in the business of retail trade through retail and departmental store facilities in India, which in the terms of Ind AS 108 on 'Operating Segments', constitutes a single reporting segment. 3.The Consolidated Financial results of Shoppers Stop Limited and its subsidiaries namely, Gateway Multichannel Retail (India) Limited,Shoppers Stop Brands (India) Limited (formerly known as Shoppers Stop Services (India) Limited) , Global SS Beauty Brands Limited (formerly known as Upasna Trading Limited) and Shopper’s Stop.Com (India) Limited are consolidated in accordance with Ind AS 110 on Consolidation of Financial Statements. 4.Pursuant to levy of service tax on renting of immovable properties given for commercial use, retrospectively with effect from 1 June, 2007, the Company has based on a legal advice, challenged the said levy and, inter-alia, its retrospective application. Pending the final disposal of the matter, which is presently before the Supreme Court, the Company continues not to provide for the retrospective levy aggregating Rs 20.11 Crores in consolidated results (Standalone Rs 16.60 Crores ) for the period 1 June, 2007 to 31 March, 2010, fully paid under protest. 5.For the quarter ended 31st of March 2024, exceptional items of Rs 1.59 crores comprises: a. Loss of Rs 5.70 crores towards impairment of Property, Plant & Equipment and Right of Use assets on three retail stores. b. Gain of Rs 4.11 crores on account of a claim acknowledged by the insurance company towards losses incurred due to fire. For the year ended 31st of March 2024, the exceptional items of Rs 6.49 crores comprises: a. Impairment loss of Rs 5.70 crores incurred during the quarter as mentioned above. b. Net loss on account of stock damaged due to fire and claim acknowledged by the insurance company amounting to Rs 0.79 crores. 6.During the quarter under review, the Company has granted 1,96,014 Employee Stock Options (ESOP’s) under ESOP Scheme 2022, (for the quarter ended 31 March 2024 : Nil ; for the quarter ended 30 June 2023 : 76,120) and 98,007 (for the quarter ended 31 March 2024: Nil and for the quarter ended 30 June 2023 : 38,060) Restricted Stock Units to eligible employees, under ESOP 2022 Scheme, 11,815 (for the quarter ended 31 March 2024 : 15,320 and for quarter ended 30 June 2023:13,427) Employee stock options have been exercised during the quarter. 7.The above financial results have been reviewed and recommended by the Audit Committee and have been approved and taken on records by the Board of Directors at its meetings held on 18 July,2024. 8.The limited review as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations,2015 has been completed by the statutory auditors of the Company and unmodified report has been issued. 9.The standalone and consolidated figures of the last quarter are the balancing figure between the audited figures in respect of the full financial year upto 31 March, 2024 and the unaudited year-to-date figures upto 31 December, 2023 being the date of the end of the third quarter of the financial year which were subjected to limited review. 10.The previous period's figures have been regrouped / rearranged wherever necessary to conform to the current period's classification(s). Other expenses 1774400000.00 Remeasurement of employee defined benefit obligation -2500000.00 -2500000.00 -600000.00 0.00