Markets

Shoppers Stop Shares Rise 1% After June Quarter Earnings

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Shoppers Stop shares opened higher on July 23, breaking a two‑day decline. At 9:18 a.m. the stock traded at ₹380.60, up ₹4.20 or 1.12% on the BSE.

The company announced its June quarter results, showing revenue of ₹1,291.4 crore, up 11.2% from ₹1,161.1 crore a year earlier.

Net loss narrowed to ₹14.3 crore compared with ₹15.7 crore loss in the same period last year.

EBITDA grew 9.2% YoY to ₹187.4 crore, but the margin slipped to 14.5% from 14.8% a year ago.

The share had closed at ₹376.40 in the previous session, down 2.31%.

It has hit a 52‑week high of ₹566.70 and a low of ₹267.00, trading about 33.6% below the high and 41% above the low.

Market cap stands at ₹4,145.10 crore.