Shoppers Stop Q3 Profit Falls 69% Amid Retail Sector Slowdown

Shoppers Stop reported a 69% year-on-year decline in Q3 FY26 net profit to around Rs 16 crore, amid a broader retail slowdown affecting major players like Reliance Retail and DMart. Despite a modest 2-3% revenue increase to approximately Rs 1,415 crore, the company faced weak consumer demand, impacted by factors such as changing festive schedules, pollution, and inconsistent discretionary spending. Premium brands contributed 69% of sales, showing growth, while apparel sales remained flat. The retailer expects single-digit sales and EBITDA growth in Q4 amid cautious market conditions.