Shoppers Stop Anticipates Robust Festive Quarter Following GST Reforms

Shoppers Stop expects strong performance in the festive quarter, driven by recent GST reforms reducing tax rates on apparel. Managing Director Kavindra Mishra reports increased store footfalls since the GST changes. The company anticipates high single-digit growth in Q2 and a strong Q3. Despite focus on apparel, 40% of offerings remain in non-apparel categories, with margins expected to stay neutral. The luxury segment shows 9% growth, indicating a trend of premiumisation.