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Shoppers Stop reports 37% fall in Q1 consolidated net profit

25 Jul 2023 Evaluate

Shoppers Stop has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Shoppers Stop has reported 34.44% fall in its net profit at Rs 14.94 crore for the quarter under review as compared to Rs 22.79 crore for the same quarter in the previous year. However, total income of the company increased by 4.36% at Rs 988.80 crore for Q1FY24 as compared Rs 947.53 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 36.53% fall in net profit at Rs 14.49 crore for the quarter ended June 30, 2023 as compared to Rs 22.83 crore for the same quarter in the previous year. However, total income of the company increased by 4.92% at Rs 1,000.90 crore for Q1FY24 as compared Rs 954.00 crore for the corresponding quarter previous year.

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