India's Shoppers Stop posts Q3 profit rise on festive season demand for premium goods
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Should l Buy ?
Source: Reuters
Quarterly Profit Increase: Shoppers Stop Ltd reported a nearly 41% rise in quarterly profit to 522.3 million rupees, driven by strong demand for premium products during the festive season, despite a profit fall in the first three quarters of fiscal 2024.
Revenue Growth from Premium Products: The company saw an 11% increase in revenue from operations, with premium categories contributing to 64% of overall revenue in the third quarter, highlighting the ongoing trend of premiumization amidst inflation.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
