Shoppers Stop Q3 net down at Rs 17.09 crore
Retail chain Shoppers Stop today reported a 11.4 per cent decline in standalone net profit at Rs 17.09 crore for the third quarter ended December 31, 2012.
By PTI | Updated:
MUMBAI: Retail chain Shoppers Stop today reported a 11.4 per cent decline in standalone net profit at Rs 17.09 crore for the third quarter ended December 31, 2012.
The company had posted standalone net profit of Rs 19.29 crore in the corresponding quarter last fiscal.
Its gross retail turnover grew 20 per cent at Rs 685.3 crores for the quarter against Rs 569.8 crore year-ago.
"This year, the festive season and marriage season came together in the third quarter which gave a boost to overall growth.
"The steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5 per cent," company's Customer Care Associate and Managing Director Govind Shrikhande said in a statement.
During the quarter SSL added one new Shoppers Stop store at Bengaluru, one Crossword store at Mumbai, and three M.A.C Stores at Gurgaon, Hyderabad and Mumbai and one Clinique store at Gurgaon. The company, however, closed one Mothercare store in Mumbai, the release said.
The company had posted standalone net profit of Rs 19.29 crore in the corresponding quarter last fiscal.
Its gross retail turnover grew 20 per cent at Rs 685.3 crores for the quarter against Rs 569.8 crore year-ago.
"This year, the festive season and marriage season came together in the third quarter which gave a boost to overall growth.
"The steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5 per cent," company's Customer Care Associate and Managing Director Govind Shrikhande said in a statement.
During the quarter SSL added one new Shoppers Stop store at Bengaluru, one Crossword store at Mumbai, and three M.A.C Stores at Gurgaon, Hyderabad and Mumbai and one Clinique store at Gurgaon. The company, however, closed one Mothercare store in Mumbai, the release said.
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