Picture of SS Retail logo

SSRETAIL — SS Retail News Story

0.000.00%
in flag iconLast trade - 00:00
Consumer CyclicalsHighly SpeculativeMid CapHigh Flyer

India's SS Retail surges on higher Q1 profit

BUZZ-India's SS Retail surges on higher Q1 profit

** Shares of SS Retail SSRE.NS up 14.3% at 791.2 rupees

**Consumer electronic retail chain operator's standalone Q1 profit jumps 60.7% to 238.7 million rupees; Q1 rev from ops jumps 54.6% to 7.69 billion rupees

** Co says same-store sales growth jumped 34% during the quarter

** Improved store productivity and operating leverage are expected to drive incremental EBITDA margin expansion, says co in earnings statement

** Stock up nearly 26% since its listing on September 23


(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

Recent news on SS Retail

See all news