Shoppers Stop Q4 profit up 62% – Industry News ...Middle East

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Shoppers Stop Q4 profit up 62% – Industry News
Mumbai-based retail company Shoppers Stop on Monday  reported a 62.5% year-on-year rise in consolidated net profit to Rs 23.18 crore for Q4FY24, helped by demand in its beauty segment as well as luxury products. Net profit was ahead of Street estimates of Rs 3.5 crore for the period.  The quarter also recorded an exceptional item of Rs 1.59 crore which comprised a loss of Rs5.7 crore towards impairment and a gain of Rs4.11 crore. Net profit last year stood at Rs14.26 crore. Revenue from operations rose 13.2% year-on-year to Rs1,046.34 crore in Q4, comparing favourably with Bloomberg consensus estimates of Rs1,010 crore for the period. The company had reported Rs923.9 crore in revenue in t

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