Operating revenues rose marginally by 2.63 per cent to Rs 1,415.82 crore in the December quarter. A year ago, it stood at Rs 1,379.47 crore.“Total sales for the quarter were flat, impacted by festive calendar shifts, uneven discretionary demand and elevated pollution levels in northern India,” an earnings statement from Shoppers Stop said.
Against this backdrop, the company continued to strengthen its premium portfolio, which showed steady like-for-like growth and increased its contribution to total sales.
According to Shoppers Stop, premium brands contributed 69 percent of total sales, representing “+6% year-on-year growth.” However, core business revenue stood at Rs 1,516 cr, remaining flat on a year-on-year basis, the company said.
Total expenditure stood at Rs 1,402.39 crore in the December quarter of FY26, up 5.5 per cent over the previous year period. Shoppers Stop’s total income, including other income, stood at Rs 1,439.77 crore, up 2.7 per cent.
MD and CEO Kavindra Mishra said, “The third quarter was marked by external factors such as festive calendar shifts and uneven consumption trends, which weighed on overall sales. However, we continued to make steady progress on our strategic priorities.”
During Q3FY26, Shoppers Stop opened 3 department stores, 3 INTUNE stores and 1 HomeStop store.
Across 110 department stores, Shoppers Stop also operates 11 premium home concept stores, 79 Specialty Beauty stores from MAC, Estee Lauder, Bobbi Brown, Clinique, Jo Malone, NARS, ARMANI beauty, PRADA BEAUTY and SS Beauty, 81 Intune stores and 20 Airport doors, covering 4.4 million square feet.
Shares of Shoppers Stop settled at Rs 364.25 on the BSE on Tuesday, down 2.11 per cent from its previous close.
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