Results: Shoppers Stop Q4 net loss at Rs 24.10 crore
Results: Shoppers Stop Q4 net loss at Rs 24.10 crore
Retail chain Shoppers Stop Ltd on Friday said its consolidated net loss narrowed to Rs 24.10 crore for the fourth quarter ended March 2021.
The company had posted a net loss of Rs 127.22 crore in the January-March quarter a year ago, Shoppers Stop said in a regulatory filing.
Its total income declined 3.7 per cent to Rs 704.70 crore during the period under review as against Rs 731.76 crore in the corresponding quarter of the previous fiscal. Business recovery till Mid-March had been very encouraging. However, with the surge in COVID cases, we witnessed a drop in footfall resulting in a drop in revenue, Shoppers Stop MD & CEO Venu Nair said.
Shoppers Stop Net Loss Widens To Rs 25 11 Crore In December Quarter moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Shoppers Stop Ltd on Friday reported widening of its consolidated net loss to Rs 25.11 crore for the third quarter ended December 31, 2020. The company had posted a net loss of Rs 6.51 crore in the October-December quarter a year ago.
Shoppers Stop Q3 results: Net loss widens to Rs 25.11 cr
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Last Updated: Jan 15, 2021, 10:34 PM IST
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The company had posted a net loss of Rs 6.51 crore in the October-December quarter a year ago.
ETRetail
Shoppers Stop s total expenses stood at Rs 778.78 crore during the quarter as against Rs 963.90 crore a year ago, down 19.2 per cent.
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Shoppers Stop Ltd on Friday reported widening of its consolidated net loss to Rs 25.11 crore for the third quarter ended December 31, 2020.
The company had posted a net loss of Rs 6.51 crore in the October-December quarter a year ago.
Its total income declined 27.2 per cent to Rs 746.45 crore during the period under review as against Rs 1,025.53 crore in the corresponding quarter of the previous fiscal, Shoppers Stop said in a regulatory filing.