However, its total income was up 7.13 per cent to Rs 1,124.62 crore during the quarter under review. It was Rs 1,049.70 crore a year ago.
The company’s total expenses in the September quarter stood at Rs 1,151.31 crore.
During the July-September quarter, it added 25 stores, 19 INTUNE, 1 Department and 5 HomeStop Stores.
“Demand was muted in July and August, impacted by fewer wedding dates, extended rains, and overall weak discretionary spending,” Shoppers Stop Executive Director and CEO Kavindra Mishra said.
Shoppers Stop operates 112 department stores. Besides, the Raheja family-promoted retail firm, also operates 11 premium home concept stores, 87 Specialty Beauty stores of M.A.C, Estee Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty, 50 Intune stores and 20 Airport doors.
Shoppers Stop shares on Tuesday settled at Rs 712.05 on the BSE, down 2.32 per cent.
