Stock Market
Bloodbath on Dalal Street! Shoppers Stop stock crashes 10% after Q3 shock
Mumbai/IBNS: Shares of Shoppers Stop Ltd fell sharply on Wednesday, declining up to 10 per cent in early trade, after the retailer reported a steep drop in consolidated net profit for the October–December quarter, media reports said.
The department store chain’s consolidated net profit plunged nearly 69 per cent year-on-year to ₹16.12 crore in Q3 FY26, compared to ₹52.23 crore in the corresponding quarter last year.
Revenue from operations, however, rose marginally by 2.6 per cent to ₹1,415.82 crore, from ₹1,379.47 crore a year ago, according to the company’s regulatory filing.
Total income for the quarter stood at ₹1,439.77 crore, while total expenses increased to ₹1,402.39 crore, putting pressure on profitability and margins.
The company said its premium brands continued to gain traction, contributing around 69 per cent of total sales, an increase of six percentage points year-on-year. Core business sales remained largely flat at ₹1,516 crore, reflecting muted discretionary spending.
During the quarter, Shoppers Stop expanded its retail footprint by adding three department stores, three INTUNE stores and one HomeStop outlet.
The company said it remains focused on strengthening its premium portfolio and driving category-led growth amid a volatile consumption environment.
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