Shoppers Stop Q3 Profit Falls 69% Amid Marginal Revenue Growth and Market Challenges

Shoppers Stop reported a 69% decline in consolidated net profit to Rs 16.12 crore for Q3 FY26, citing factors like a shifted festive calendar, uneven consumption, and pollution in northern India. Revenue rose marginally by about 2.6% to Rs 1,415.82 crore, with premium brands contributing 69% of sales and showing 6% growth. Core business sales remained flat at Rs 1,516 crore. The company noted challenges in discretionary spending but continued expanding stores and loyalty programs amid a broader retail sector slowdown.