India's Shoppers Stop swings to Q4 loss as muted discretionary spending weighs
05/05/2026 12:31
May 5 (Reuters) - India's Shoppers Stop SHOP.NS reported a fourth-quarter loss on Tuesday, hurt by subdued discretionary spending with news of ongoing geopolitical tensions in the Middle East and a modest rise in inflation weighing. The Mumbai-based chain reported a net loss of 163.5 million rupees ($1.72 million) for the three months ended March 31, compared with a profit 19.9 million rupees a year earlier. ($1 = 95.2800 Indian rupees) (Reporting by Devika Nair in Bengaluru; Editing by Ronojoy Mazumdar) ((Devika.MadhusudhananNair@thomsonreuters.com;))
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India's Shoppers Stop swings to Q4 loss as muted discretionary spending weighs