India's Shoppers Stop falls on weaker Q2 same-store sales
BUZZ-India's Shoppers Stop falls on weaker Q2 same-store sales ** Shares of India's Shoppers Stop SHOP.NS falls 4.1% to 348.25 rupees
** Fashion retailer reports consolidated net profit of 31.1 million rupees (about $328,197), compared with a loss of 201.1 million rupees a year ago
** Co's same-store sales growth slowed to 2% in Q2 from 6% in previous quarter and 9.4% in the same quarter last year** ICICI Securities says despite improved EBITDA margins, profit remains weak as depreciation and finance costs weigh
** Philip Capital revises EBITDA margin to -1.4% and 0.4% for FY27 and FY28 respectively** Stock rated "hold" on avg by seven analysts, with median PT of 429.50 rupees - data compiled by LSEG
** Stock down 9.28% YTD
($1 = 94.7600 Indian rupees)
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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