Categories Earnings, Research Summary, Retail, Trending Stocks

Shoppers Stop Limited Q3FY23 Earnings Summary

Established in 1991, Shoppers Stop Ltd. is a major retailer of apparel and cosmetics. Throughout the nation, it owns and manages a number of department stores, home concept stores, and specialised beauty shops.

Financial Results:

Shoppers Stop reported an 18.86% fall in its combined net profit for the third quarter of FY23, coming in at ₹ 62.74 crores.

According to a regulatory filing, the business reported a consolidated net profit of ₹ 77.32 crores during the same time the prior fiscal year.

Richer consumers have largely ignored the inflation squeeze in order to spend lavishly on clothing and accessories as they resumed their pre-pandemic lifestyles of going to work and attending customarily extravagant Indian weddings, where families spend enormous sums on ceremonies that last for days and involve hundreds of guests.

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,