India's Shoppers Stop rises after quarterly loss narrows
BUZZ-India's Shoppers Stop rises after quarterly loss narrows ** Shares of consumer products retailer Shoppers Stop's SHOP.NS rise 3.1% to 387.25 rupees
** The company reported a net loss of 142.5 million rupees ($1.48 million) in the first quarter ended June 30, down from a net loss of 157.4 million rupees a year earlier
** Revenue from operations grows 11.2%; beauty segment sales rise 15%, led by a 34% jump in fragrances
** Total expenses rise 10.4%
** Says improving demand trends and easing supply chain conditions are supporting growth
** Co operates a total of 288 stores as of June 30, 2026
** SHOP trades at a forward 12-month PE of 81.47 vs industry median of 68.28
** 4 of 8 brokerages rate the stock "Buy" or higher, 2 "Hold" and 2 "Sell"; their median PT is 403 rupees - data compiled by LSEG
** YTD, stock up 0.03%
(Reporting by Abhinav Parmar in Bengaluru)
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