Shoppers Stop Q3 FY26 results: PAT drops sharply, 9M swings to loss on Labour Code charge

Emphasis of matterExceptional itemEBITDA margin compressionResults View source PDF Explain this filing

SHOPERSTOP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-6.1%Reaction day

₹363.00

prior close

₹335.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-5.2% vs market

Diversified Retail peers, median of 11sector-2.0%-4.1% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.1 pts less than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.2

10m

-1.0

15m

+1.9

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.1-0.8-5.2-2.0-4.1

Next day

-5.6+0.7-6.4+0.3-5.9

-4.2-1.4-2.8+0.0-4.2

-5.8-1.3-4.5+0.5-6.3

-5.3+0.7-6.0+1.9-7.2

-2.1+0.3-2.4+0.1-2.1

-1.3+0.9-2.1-0.2-1.1

15d

+12.4+6.8+5.6+6.3+6.1

-8.8+4.3-13.1-3.4-5.4

-21.5-8.7-12.8-20.4-1.0

-15.2+8.6-23.8+4.2-19.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shoppers Stop posted Q3 FY26 standalone revenue of Rs 1,320.85 cr (+0.7% YoY) and net profit of Rs 12.61 cr, sharply lower than Rs 48.78 cr a year ago. Consolidated Q3 revenue was Rs 1,415.82 cr, net profit Rs 16.12 cr. For 9M FY26, standalone swung to a net loss of Rs 27.96 cr vs profit of Rs 4.27 cr YoY. An exceptional charge of Rs 17.49 cr was booked due to new Labour Codes. Auditors added an emphasis of matter on a pending service tax dispute of Rs 16.60 cr.

Likely market impact

Weak profitability and 9M loss, partly due to one-time Labour Code charge. Margin pressure persists; watch festive quarter recovery.

By the numbersConsolidated · Q3 FY26 vs Q3 FY25

	Q3 FY26	Q3 FY25	Change
Revenue	₹1,416 Cr	₹1,379 Cr	+2.6%
Operating profit	₹13.43 Cr	₹50.31 Cr	−73.3%
Profit after tax	₹16.12 Cr	₹52.23 Cr	−69.1%
EBITDA margin	14.1%	17.8%	−3.7 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.