Shoppers Stop shares tumble over 12% after Q3 profit falls to Rs 16 crore

Shoppers Stop shares plummeted over 12% after the retail chain reported a 69.13% decline in consolidated net profit to Rs 16.12 crore for the December quarter of FY26. This drop was attributed to a shifted festival period and uneven consumption trends, despite a marginal 2.63% increase in revenue from operations.