Shoppers Stop Stock Plummets 10% After Disappointing Q3 Results, Heavy Selling Seen

• Shoppers Stop shares dropped 10% in early trade on January 21 following weak Q3 performance.
• Revenue grew only 2.6% to ₹1,415 crore, while EBITDA fell 11% to ₹217.9 crore.
• Net profit plunged nearly 70% to ₹16.12 crore, impacted by an exceptional loss of ₹17.69 crore.
• Management cited challenging consumption environment, festive season shift, uneven spending, and NCR pollution.
• Premium Brands and Beauty Segment showed growth, but overall stock fell 46% in 12 months.

Why It Matters: Shoppers Stop faced a significant stock drop due to poor Q3 results and challenging market conditions.