Shoppers Stop Stock Slump: Profit Plunges 69%

Shares of Shoppers Stop dropped over 12% after the company reported a significant decline in net profit for the December quarter of FY26, which decreased by 69.13% to Rs 16.12 crore. Despite a slight revenue increase, uneven consumption trends and a shift in the festival period affected profits.

Shares of Shoppers Stop saw a steep decline of more than 12% on Wednesday following the company's report of a significant 69.13% drop in consolidated net profit, amounting to Rs 16.12 crore for the December quarter of FY26.

The stock fell dramatically, with a 12.38% drop to Rs 319.30 on the NSE and an 11.75% drop to Rs 321.45 on the BSE. This decline comes as the broader market also experienced losses, with the BSE Sensex down by 277.59 points and the NSE Nifty falling by 91.55 points during morning trading.

Promoted by the Raheja family, Shoppers Stop cited causes such as an altered festival period and inconsistent consumption trends for the profit slump. The company's revenue from operations saw a modest increase of 2.63% to Rs 1,415.82 crore for the quarter, compared to Rs 1,379.47 crore a year earlier.