Retail chain Shoppers Stop's Q4 net profit declines 45%

Shoppers Stop’s standalone net profit falls 45% at Rs 11.45 crore for the March quarter of FY19. The retail chain had reported a net profit of Rs 20.78 crore in the same quarter a year ago.

During the quarter under review, the company’s total income stood at Rs 796.37 crore, as compared to Rs 850.83 crore in the corresponding quarter of FY18.

For fiscal 2018-19, Shoppers Stops posts increase in standalone net profit at Rs 78.75 crore from Rs 11.60 crore in the year ended March 2018. Its total income stood at Rs 3,499.19 crore in FY 2018-19 as against Rs 3,607.51 crore in the previous fiscal.

Rajiv Suri, Customer Care Associate, Managing Director and Chief Executive Officer of Shoppers Stop, said, "Last year has been a pivotal year in Shoppers Stop which makes the company embark on positive growth and results. We have made key investments in the new leadership team and are aiming for sustainable and industry-leading growth in the years ahead."