Shoppers Stop Q3 Profit Plunges 22-Fold Amid Festive Weakness, Pollution
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CNBC TV18•20-01-2026, 18:58
Shoppers Stop Q3 Profit Plunges 22-Fold Amid Festive Weakness, Pollution
- •Shoppers Stop reported a drastic 22-fold decline in Q3 net profit, falling to ₹16.1 crore from ₹352.2 crore year-on-year.
- •Revenue for the quarter saw a modest 2.6% growth to ₹1,415 crore, while EBITDA dropped 11.1% to ₹217.8 crore.
- •Sales remained flat due to festive calendar shifts, uneven discretionary demand, and high pollution levels in North India.
- •Premium brands, contributing 69% of total sales, showed 6% year-on-year like-for-like growth, indicating a successful portfolio shift.
- •The company expanded its retail footprint by opening three department stores, three INTUNE stores, and one HomeStop store, with stable net debt.
Why It Matters: Shoppers Stop's Q3 profit plummeted due to external factors, despite strategic focus on premium brands and expansion.
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