Shoppers Stop Q2 net drops 19% to Rs 13 crore

Shoppers Stop today posted a 19.24% decline in its net profit to Rs 12.84 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 15.90 crore during the same period of the previous fiscal.

Income from operations stood at Rs 877.77 crore compared with Rs 842.40 crore during the same period of the previous fiscal, Shoppers Stop Ltd said in a regulatory filing.

Shares of Shoppers Stop were trading at Rs 384.80 on BSE, down 1.56% from previous close.