Shoppers Stop Q3 FY26 results: PAT drops sharply, 9M swings to loss on Labour Code charge
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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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.
Weak profitability and 9M loss, partly due to one-time Labour Code charge. Margin pressure persists; watch festive quarter recovery.