Retail chain Shoppers Stop Ltd on Wednesday reported a consolidated net loss of Rs 8.17 crore in the second quarter ended September 30.
The company had posted a net profit of Rs 11.84 crore in the corresponding period of the previous financial year, Shoppers Stop said in a BSE filing.
Total income was down 0.85 per cent to Rs 884.50 crore during the period under review as against Rs 892.14 crore of the corresponding quarter of the previous fiscal.
Commenting on the results Shoppers Stop MD & CEO Rajiv Suri said: "Whilst, the quarter has been muted due to a subdued economy affecting our LTL (like-to-like) sales (-1 per cent), we have increased efficiencies keeping our LTL operating costs below that of the last year."
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