Shoppers Stop, one of India’s leading departmental stores offering apparel and accessories, has reported a sharp 54 percent year-on-year decline in its net profit during the third quarter of fiscal year 2012-13 that ended on December 31, 2012.
Shoppers Stop, one of India's leading departmental stores offering apparel and accessories, has reported a sharp 54 percent year-on-year decline in #
The K Raheja Corp. group firm, which operates specialty stores such as Mothercare in addition to large-format department stores, registered a profit-after-tax of Rs. 43.2 million in October-December 2012 quarter, as against Rs. 93.3 million grossed in the corresponding period of previous fiscal.
Shoppers Stop, one of India's leading departmental stores offering apparel and accessories, has reported a sharp 54 percent year-on-year decline in #
The company attributed the decline in net profit to increased operating expenses, finance charges and depreciation. While the firm’s finance charges surged by 61 percent year-on-year during the quarter, its operating expenses rose by 19 percent year-on-year.
Shoppers Stop, one of India's leading departmental stores offering apparel and accessories, has reported a sharp 54 percent year-on-year decline in #
Shoppers Stop’s net sales increased 15 percent year-on-year during the three-month period to Rs. 8.938 billion, as against the Rs. 7.781 billion sales achieved during the same period of last fiscal.
Fibre2fashion News Desk - India
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