The brokerage trims its estimates given the slowdown; however, they factor in Shoppers Stop's aggressive store expansion of Intune and expect good growth in the beauty segment.
A Shoppers Stop store stands inside a mall (Source: Vijay Sartape/NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.