Shocker for Shopper’s Stop Investors

Shares tumble 11% Know why

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Shoppers Stop's shares declined 11.5% after CEO Venugopal Nair resigned for personal reasons. The stock dragged to Rs 721.8 a piece

Impressive Revenue Growth

Under Nair's leadership, Shoppers Stop achieved its highest-ever annual revenue of Rs 5,066 crore in FY23, reflecting a remarkable 63% YoY increase

Hero Moves

Nair's strategies, particularly in private labels and beauty segments, played a pivotal role in achieving growth & revenue numbers

CEO Transition and New Leadership

Kavindra Mishra, the Chief Commercial Officer, has been promoted to take over as the new CEO and executive director. Mishra's role in steering the company's future growth becomes crucial post-Nair

Nair's Legacy and Ongoing Concerns

Venugopal Nair's leadership was instrumental in positioning Shoppers Stop as an omnichannel retailer. Despite positive results, his resignation raises uncertainties about the company's future direction