Shoppers Stop Limited reported its consolidated financial results for the second quarter (Q2) of FY25, ending September 30, 2024. The company recorded a consolidated net loss of ₹20.59 crore, compared to a net profit of ₹2.73 crore in the same period last year (Q2 FY24), highlighting a notable decline in profitability.
Despite this, the company’s revenue from operations grew by 7.3% year-on-year (YoY), reaching ₹1,114.87 crore in Q2 FY25, up from ₹1,039.12 crore in Q2 FY24.
Key financial highlights for Q2 FY25:
• Revenue from operations: ₹1,114.87 crore, an increase of 7.3% from ₹1,039.12 crore in Q2 FY24.
• Consolidated net loss: ₹20.59 crore, compared to a profit of ₹2.73 crore in Q2 FY24.
• Total income: ₹1,124.62 crore, up from ₹1,049.70 crore in the corresponding quarter last year.
• Total expenses: ₹1,151.31 crore, up from ₹1,041.31 crore YoY, driven by increased operational costs, including employee benefits and depreciation.
