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Shoppers Stop Shares Fall After Q3 Profit Slides 69%

An exceptional charge alongside softer festive-season demand undercut margins, denting investor confidence.

Overview

  • Consolidated net profit dropped to Rs 16.12 crore for Q3 FY26, down about 69% year-on-year.
  • Revenue from operations in the quarter inched up 2.6% to Rs 1,415.82 crore.
  • EBITDA declined 11% to Rs 217.9 crore, with margins contracting by 240 basis points to 15.4%.
  • The company cited a festive-calendar shift, uneven discretionary demand, and elevated pollution in northern India as key drags.
  • The stock fell as much as 12% intraday and closed 6.14% lower at Rs 341.90 on the BSE, as premium brands rose 6% to 69% of sales, beauty revenue reached Rs 395 crore, INTUNE sales hit Rs 77 crore, and new stores opened across formats.