Shoppers Stop Narrows Q1 Loss Despite ₹11.61 Billion Revenue

Image Source : The Financial Express

Shoppers Stop Ltd has reported its financial results for the June quarter, showing signs of recovery despite posting a net loss.

Key Highlights:

Consolidated revenue from operations stood at ₹11.61 billion, driven by steady demand in premium apparel and beauty segments.
Net loss narrowed to ₹157.4 million, compared to ₹227.2 million in the same quarter last year.

Operational Snapshot:

The company continued to expand its omnichannel presence, with digital sales contributing over 10 percent to total revenue.
Beauty category remained resilient, supported by exclusive brand tieups and store refurbishments.
Footfall improved across metro and Tier1 cities, though discretionary spending remained cautious.

Strategic Outlook:

Management is focused on cost optimization and enhancing private label margins.
New store additions in Ghaziabad and Pune are expected to boost topline in H2.
Analysts expect breakeven by FY26, contingent on festive season performance and inventory discipline.

Sources: Yahoo Finance, Economic Times, Reuters, Business Standard.