Shoppers Stop share price dropped 12% during Wednesday’s trading session following its Q3 earnings report. The retail company reported a significant decline of 69.13% in its consolidated net profit, totaling ₹16.12 crore for the December quarter of FY26, attributing this to factors like a change in the festival time and inconsistent consumption patterns.
Last year, the firm recorded a net profit of ₹52.23 crore during the October-December period, as detailed in a regulatory filing from Shoppers Stop, which is backed by the Raheja family.
In the December quarter, its operational revenue saw a slight increase of 2.63%, reaching ₹1,415.82 crore, compared to ₹1,379.47 crore in the same period last year. Shoppers Stop noted that premium brands accounted for 69% of total sales, showing a “growth of 6% YoY.” However, the sales from its “core business amounted to ₹1,516 crore, remaining unchanged YoY,” according to the company.
Total expenses for the December quarter of FY26 were ₹1,402.39 crore, reflecting a 5.5% rise from the previous year.
Shoppers Stop’s total income, which encompasses other income, totaled ₹1,439.77 crore, marking a 2.7% increase.
