India's Shoppers Stop swings to Q4 loss on muted discretionary spending (updated)

Trent

05/05/2026 13:38

Updates with details

May 5 (Reuters) - India's Shoppers Stop SHOP.NS reported a fourth-quarter loss on Tuesday, hurt by subdued discretionary spending amid geopolitical uncertainty in the Middle East, supply-chain disruptions and rising inflation.

The Mumbai-based retailer reported a net loss of 163.5 million rupees ($1.72 million) for the three months ended March 31, compared with a profit of 19.9 million rupees a year earlier.

India's retail inflation rose to about 3.4% in March, driven by higher food prices, which added to cost-of-living concerns. Analysts expect the broader consumer sector to post a subdued quarter.

Supply-chain disruptions may create inflationary pressures, but the demand outlook is expected to remain healthy, CEO Kavindra Mishra said in a statement.

Shoppers Stop, which carries brands such as Swarovski, Versace, Michael Kors and Bobbi Brown, said total expenses rose about 14% to 12.42 billion rupees, eclipsing a 13.7% rise in revenue from operations to 12.1 billion rupees.

Revenue from Shoppers Stop's beauty segment – which houses brands like Nars, Prada and Maybelline New York - grew 17% to 3.09 billion rupees.

Peer Tata Group-owned Trent TREN.NS
reported
 a 26% jump in quarterly profit to 4 billion rupees last month, while Arvind Fashions ARVF.NS and Aditya Birla Fashion and Retail ADIA.NS are expected to report quarterly results in May.

($1 = 95.2800 Indian rupees)

 (Reporting by Devika Nair in Bengaluru; Editing by Ronojoy Mazumdar)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))