Shoppers Stop swings to Q1 consol loss as expenses surge

Department store operator Shoppers Stop swung to a consolidated net loss of Rs 1.52 crore in the first quarter, compared with a net profit of Rs 9.29 crore in the year ago quarter due to a sharp rise in total expenses.

July 26, 2011 / 17:35 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Moneycontrol Bureau

Department store operator Shoppers Stop swung to a consolidated net loss of Rs 1.52 crore in the first quarter, compared with a net profit of Rs 9.29 crore in the year ago quarter due to a sharp rise in total expenses.

Its consolidated total income for the April-June quarter was up 67% year-on-year to Rs 593.31 crore.

Shoppers Stop shares tumbled following the disappointing earnings announcement on Tuesday and closed down 4.7% at Rs 445.60 on NSE.

Shoppers Stop operates stores across formats, which includes department store Shoppers Stop, book store Crossword, Hypercity hypermarkets and maternity and infant wear stores Mothercare among others.

During the first quarter, the company

first published: Jul 26, 2011 02:00 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.