Results: Shoppers Stop Q4 net loss at Rs 24.10 crore : vimarsana.com

Results: Shoppers Stop Q4 net loss at Rs 24.10 crore


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.

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