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 RevenueGrowth
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 andNew 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 Legacyand OngoingConcerns
Venugopal Nair's leadership wasinstrumental in positioningShoppers Stop as anomnichannel retailer. Despite positive results, his resignationraises uncertainties about thecompany's future direction