Shoppers Stop Shares Plunge 10% After 70% Profit Drop in Q3

• Shoppers Stop shares fell by 10% to ₹319.30, hitting a new 52-week low on January 21 after weak Q3 results.
• Net profit for the December quarter plummeted by nearly 70% to ₹16.12 crore, impacted by an exceptional loss of ₹17.69 crore.
• Revenue grew only 2.6% year-on-year to ₹1,415 crore, missing market expectations despite the festive season.
• EBITDA decreased by 11% to ₹217.9 crore, with margins falling 240 basis points to 15.4% due to rising costs and weak demand.
• Management cited challenging consumption environment, shifting festive season, uneven discretionary spending, and Delhi-NCR pollution as factors affecting business.

Why It Matters: Shoppers Stop faced a significant share price drop due to a 70% profit decline and weak Q3 performance.