Shoppers Stop Reports Q4 Loss Amid Margin Pressures Despite Revenue Growth
Shoppers Stop Ltd, India’s prominent department store chain, reported a net loss of ₹16 crore for the fourth quarter ending in March, a significant shift as the retailer grapples with narrowing margins despite a 14 percent increase in overall revenue. The company’s shares reflected investor caution following the announcement, closing at ₹295.15 on the Bombay…