India's Shoppers Stop falls on slower quarterly same-store sales growth
16/10/2026 11:28
BUZZ-India's Shoppers Stop falls on slower quarterly same-store sales growth ** Shares of Shoppers Stop SHOP.NS close 5.4% lower at 363.15 rupees
** Stock sees third straight session of loss
** Fashion retailer reports consolidated net profit of 31.1 million rupees, compared with a loss of 201.1 million rupees a year earlier
** Co's same-store sales growth slowed to 2% in second quarter from 6% in previous quarter and 9.4% a year earlier
** Stock rated as "hold" on avg. by 7 analysts; median PT at 457 rupees - LSEG-compiled data
** YTD, stock down ~5.7%
(Reporting by Mridula Kumar in Bengaluru)
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