Shoppers Stop Shares Slide Over 12% After Sharp Profit Decline in Q3 FY26

Stock Under Pressure Following Weak Earnings​

Shares of Shoppers Stop witnessed a sharp selloff on Wednesday, tumbling more than 12 percent after the retailer reported a steep decline in its consolidated net profit for the December quarter of FY26.

On the NSE, the stock plunged 12.38 percent to close at Rs 319.30 apiece. Meanwhile, on the BSE, shares dropped 11.75 percent to Rs 321.45.

Broader Market Trades Lower​

The decline in Shoppers Stop came amid a weak broader market tone. In the morning session, the BSE Sensex slipped 277.59 points, or 0.34 percent, to 81,902.88, while the NSE Nifty fell 91.55 points, or 0.36 percent, to 25,140.95.

Profit Drops Nearly 70% in December Quarter​

The Raheja family-promoted retailer reported a 69.13 percent fall in consolidated net profit at Rs 16.12 crore for the October to December quarter of FY26. The company attributed the sharp contraction in profitability to factors such as a shift in the festival period and uneven consumption trends during the quarter.

In the corresponding period last year, Shoppers Stop had posted a consolidated net profit of Rs 52.23 crore.

Revenue Sees Marginal Growth​

Despite the profit pressure, revenue from operations showed modest growth. The company reported a 2.63 percent increase in revenue to Rs 1,415.82 crore in the December quarter, compared with Rs 1,379.47 crore in the year ago period.

Investor Sentiment Turns Cautious​

The sharp fall in profit weighed heavily on investor sentiment, leading to aggressive selling in the stock. Market participants remained cautious as earnings performance highlighted the impact of shifting demand patterns and consumption volatility in the retail sector.