Shoppers Stop Q3 FY26 Results Profit Falls Sharply on Labour Code One Time Hit

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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

Board approved un-audited Q3 and nine months FY26 results. Standalone Q3 revenue rose marginally to Rs 1,320.85 crore from Rs 1,311.46 crore a year ago, but net profit dropped sharply to Rs 12.61 crore from Rs 48.78 crore. For nine months, standalone net loss was Rs 27.96 crore against a small profit last year. Consolidated Q3 net profit was Rs 16.12 crore with a 9-month loss of Rs 19.72 crore. A one-time exceptional charge of Rs 17.49 crore (standalone) and Rs 17.69 crore (consolidated) was booked due to the new Labour Codes. Auditors flagged an emphasis of matter on the pending service tax dispute of Rs 16.60 crore (standalone) and Rs 20.11 crore (consolidated) before the Supreme Court.

Likely market impact

Labour code one-time hit dragged earnings; service tax dispute unresolved. Watch margin recovery in coming quarters.