India's Shoppers Stop drops 5% in pre-open after qtrly profit tumbles

Shoppers Stop

25/07/2023 04:44

BENGALURU, July 25 (Reuters) - Shares of Indian
department store operator Shoppers Stop  SHOP.NS  dropped 5% in
pre-open trading on Tuesday, a day after it reported a more than
34% slump in June-quarter profit as price hikes dragged growth
in sales volume. 
    
       

 (Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann
Thoppil)
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