Shoppers Stop profit falls 91.4% to ₹2 crore in Q4, appoints new chairman

Retail chain Shoppers Stop on Tuesday reported a 91.4% decline in consolidated profit to ₹1.99 crore in the March quarter.

The company had posted a net profit of ₹23.18 crore in the year-ago period, Shoppers Stop said in a regulatory filing.

However, its revenue from operations was up 1.68% to ₹1,064 crore in the March quarter. It was at ₹1,046.34 crore a year ago.

Its total expenses were ₹1,089.76 crore in the fourth quarter of the previous fiscal year, up 3.85%.

Shoppers Stop MD and CEO Kavindra Mishra said, "Shoppers Stop delivered consistent performance despite continued softness in demand and a challenging macro environment. We achieved 4% revenue growth with 3% like-for-like growth (Non-GAAP), marking the second consecutive quarter of LFL growth."

For FY25, Shoppers Stop's net profit was down 86% to ₹10.89 crore. It was at ₹77.25 crore in FY24.

In FY25, Shoppers Stop's revenue from operations was up 7.2% to ₹4,627.64 crore.

Meanwhile, in a separate filing, the Raheja family-promoted retail firm, informed its board in a meeting on Tuesday about the approval to the appointment of Nirvik Singh as Chairman following the retirement of B S Nagesh. The change is effective from July 18, 2025.

Moreover, its board has also approved additional investment in Global SS Beauty Brands, its wholly owned subsidiary up to ₹50 crore, by way of subscription to rights.

On the outlook, Mishra said: "Despite the gradual demand recovery, we are optimistic due to structural changes like premiumisation, customer engagement campaigns, and India's rising affluence and evolving consumer aspirations. We will continue to build strong momentum in premiumisation, beauty and value fashion Intune and focus on experiential retail, digital personalisation, expansion to drive sustainable growth in FY26 and beyond."

Shares of Shoppers Stop on Tuesday settled at ₹551.85 on the BSE, up 1.49% from the previous close.