Shoppers Stop has reported results for second quarter ended September 30, 2012.
On standalone basis, the company has posted a fall of 67.35% in its net profit at Rs 6.38 crore for the quarter ended September 30, 2012 as compared to Rs 19.54 crore for the same quarter in the previous year. However, total income has increased by 16.54% at Rs 579.57 crore for quarter under review as compared to Rs 497.33 crore for the quarter ended September 30, 2011.
The company in this quarter added two new Shoppers stop stores at Bengaluru and Coimbatore, two Mothercare Stores in Bengaluru & Coimbatore and one HomeStop store in Coimbatore. In addition to these, Crossword Bookstores wholly owned subsidiary of the company, has opened two new Franchisee stores in Kolkata & Coimbatore, closed one store in Hyderabad, one franchisee store in Bengaluru and one franchisee store in Pune, taking the total count of stores to 82.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
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