Shoppers Stop

** Shares of consumer products retailer Shoppers Stop's SHOP.NS rise 3.1% to 387.25 rupees

** The company reported a net loss of 142.5 million rupees ($1.48 million) in the first quarter ended June 30, down from a net loss of 157.4 million rupees a year earlier

** Revenue from operations grows 11.2%; beauty segment sales rise 15%, led by a 34% jump in fragrances

** Total expenses rise 10.4%

** Says improving demand trends and easing supply chain conditions are supporting growth

** Co operates a total of 288 stores as of June 30, 2026

** SHOP trades at a forward 12-month PE of 81.47 vs industry median of 68.28

** 4 of 8 brokerages rate the stock "Buy" or higher, 2 "Hold" and 2 "Sell"; their median PT is 403 rupees - data compiled by LSEG

** YTD, stock up 0.03%

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

Shoppers Stop Ltd SHOP.NS:

• SHOPPERS STOP Q1 CONSOL NET LOSS 142.5 MILLION RUPEES

• SHOPPERS STOP Q1 CONSOL REVENUE FROM OPERATIONS 12.91 BILLION RUPEES

Source text: ID:nBSE9MWxTF

Further company coverage: SHOP.NS

** Shoppers Stop SHOP.NS shares fall as much as 3.5% to 285.30 rupees

** Retailer reported Q4 loss of 163.5 million rupees ($1.72 million) vs profit of 19.9 mln rupees a year ago; rev rose 13.7% y/y

** Motilal Oswal ("neutral") notes that loss was driven by higher employee expenses, depreciation and interest costs; premiumization continues to drive growth

** SHOP on avg rated "buy" by 8 analysts; median PT is 399.50 rupees - LSEG-compiled data

** YTD, SHOP down 25% vs rival Trent TREN.NS 1.3% decline

($1 = 95.0912 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

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May 5 (Reuters) - Shoppers Stop Ltd SHOP.NS:

• Q4 CONSOL NET LOSS 163.5 MILLION RUPEES

• Q4 CONSOL REVENUE FROM OPERATIONS 12.1 BILLION RUPEES

• APPROVES ADDITIONAL INVESTMENT OF UP TO 400 MLN RUPEES IN GLOBAL SS BEAUTY BRANDS LIMITED

Further company coverage: SHOP.NS

(([email protected];;))

Adds details, background throughout

Feb 10 (Reuters) - India's department store chain Shoppers Stop SHOP.NS on Tuesday said it has appointed Pankaj Chaturvedi as the company's CFO effective April 1, 2026, replacing Karunakaran Mohanasundaram.

Mohanasundaram held the finance chief position since 2018 and is leaving to pursue opportunities outside the company, Shoppers Stop said in a statement.

Chaturvedi is currently the CFO at Saregama India Ltd SARE.NS and has held key roles at Vodafone and Reliance Jio, the company said.

The management change comes at a time when large Indian retailers have been grappling with intensifying competition as well as moderating consumer spending. Shoppers Stop posted a 69% drop in third-quarter profit.

(Reporting by Abinaya Vijayaraghavan and Komal Salecha; Editing by Mrigank Dhaniwala and Ronojoy Mazumdar)

(([email protected];))

** Shares of India's department store chain Shoppers Stop SHOP.NS fall 4% to 350 rupees, its lowest since March, 2022

** Stock on track for third straight session of losses

** Co's Q3 profit drops 69% yoy; rev from ops rises 3%

** More than 579,600 shares change hand by 10:06 am IST vs 30-day avg of 80,373 shares

** SHOP rated "hold" on avg by 9 analysts covering it; median PT at 567 rupees- data compiled by LSEG

** In 2025, SHOP shed 36%

(Reporting by Komal Salecha in Bengaluru)

(([email protected]))

Jan 20 (Reuters) - Indian department store chain Shoppers Stop SHOP.NS posted a 69% drop in quarterly profit on Tuesday, as urban consumers cut back on discretionary spending amid slowing wage growth in major cities.

The retailer posted consolidated net profit of 161.2 million rupees ($1.77 million) for the third quarter ended December 31, compared to 522.3 million rupees a year ago, according to a regulatory filing.

Large retailers have been grappling with intensifying competition as well as moderating consumer spending.

Overall consumer demand remained soft with only intermittent spikes, leaving quarterly sales flat, while the post-consumption tax cut boost in spending proved short-lived, Shoppers Stop said in an earnings presentation.

The company, which retails major brands such as Estee Lauder and Shiseido, reported a 3% rise in revenue to 14.16 billion rupees as an ongoing boom in beauty products sales helped cushion some of the blow.

The retailer is now betting on benign inflation in the country to support demand recovery over time.

Shoppers Stop's rivals Arvind Fashions ARVF.NS, Tata Group-owned Trent TREN.NS, and Aditya Birla Fashion and Retail ADIA.NS are yet to report their earnings.

($1 = 90.9470 Indian rupees)

(Reporting by Komal Salecha in Bengaluru and Praveen Paramasivam in Chennai; Editing by Harikrishnan Nair)

(([email protected];))

Corrects paragraph 2 to say comments were in a report

By Praveen Paramasivam

CHENNAI, Aug 21 (Reuters) - From Japan's Shiseido 4911.T to France's L'Oreal OREP.PA, global cosmetics giants are doubling down on India, betting on the world's most populous nation as a key growth market for premium offerings while sales slow in developed economies.

India's luxury beauty market is expected to quintuple to $4 billion by 2035 from $800 million in 2023, driven by its young, affluent, social-media savvy shoppers with rising disposable incomes, consulting firm Kearney and luxury beauty distributor LUXASIA said in a report.

Luxury beauty makes up just 4% of the $21-billion beauty and personal care market, compared with 8% to 24% across top Southeast Asian countries and 25% to 48% in developed markets including China and the United States.

That means there is plenty of room for growth.

"India is the last bastion of growth for premium beauty," said Sameer Jindal, managing director for investment bank Houlihan Lokey's corporate finance business in India.

"The Indian consumer is willing to experiment and try out new things."

U.S. beauty giant Estee Lauder EL.N, home to the brands Clinique and MAC, expects a strong runway for expansion and long-term growth in India, even as it grapples with soft sales in the Americas and Asia-Pacific.

"India today, within the Estee Lauder network, is looked at as one of the priority emerging markets," said country general manager Rohan Vaziralli, highlighting plans to initially target 60 million women in the nation of more than 1.4 billion.

Homemaker R. Priyanka, based in the southern city of Chennai, said she was thrilled to have better access to Estee Lauder's Jo Malone London fragrance in India, as a benefit of the companies' efforts.

"It is easier than asking someone (abroad) to get it for you every time," she added.

While global beauty brands might have to modify some of their products for India, which bakes in sultry temperatures in summer and oppressive humidity at other times, they face little competition from homegrown brands.

Kearney and LUXASIA identified only Forest Essentials and Kama Ayurveda as their major rivals, underscoring how domestic brands make up less than a tenth of luxury beauty sales.

In the more established markets of China, Japan and South Korea by comparison, domestic brands account for a 40% share.

"There is, of course, a premium perception gap between globally established brands and Indian brands," said Devangshu Dutta, founder of retail consultancy Third Eyesight.

Global beauty giants' huge marketing budgets also give them an edge over domestic brands, other industry watchers said.

WOOING INDIAN SHOPPERS

Estee Lauder is studying online sales patterns to identify the smaller cities to target, such as Siliguri in West Bengal state, partnering with designers such as Sabyasachi Mukherjee, and launching products such as kohl, an eyeliner Indians favour.

It has also invested in Forest Essentials, a brand with herbal ingredients, and in a programme offering funding to domestic beauty start-ups.

This year France's L'Oreal said it was investing more in India and tapping into the "elevated beauty desires" of the nation's young, digitally savvy, empowered women shoppers to drive growth. It declined further comment.

South Korea's Amorepacific 090430.KS, known for brands such as Innisfree and Etude, is trying to leverage the Korean beauty craze in India with products geared to the market.

These include items for the popular "cleanser, serum, moisturiser, and sunscreen" beauty regimen, the country head, Paul Lee, said.

Japan's Shiseido, with a history of more than 150 years, brought its NARS brand to Indian beauty retailer Nykaa's FSNE.NS website this year, and plans to step up growth of its brands in the subcontinent.

Global brands are very excited about India, where consumers are splurging more to stay on top of trends such as "cherry makeup", Nykaa co-founder Adwaita Nayar said, referring to a look featuring flushed cheeks, glossy lips, and soft pink eyes.

Amazon AMZN.O, which has also been seeing a big boom in beauty demand in India, aims to identify emerging global trends and bring in more brands, said Siddharth Bhagat, director of beauty and fashion at the e-commerce company in India.

Retailer Shoppers Stop SHOP.NS, which also pioneers foreign labels, plans to open 15 to 20 beauty stores in each of the next three years to boost its revenue from the segment to a quarter from less than a fifth now, its beauty business CEO Biju Kassim said.

(Reporting by Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan and Clarence Fernandez)

(([email protected]; +91 867-525-3569;))

** Shares of Shoppers Stop SHOP.NS fall 3.4% to 551.8 rupees, set for their biggest one-day pct decline since end-April

** Store chain operator posted Q1 loss of 157.4 million rupees ($1.83 million) vs 19.9 mln rupees profit previous qtr, as an uptick in sales was offset by higher costs

** Y/Y, their loss narrowed by 30%

** More than 213,000 shares traded, about twice the 30-day avg

** Analysts' avg rating on stock is "hold"; median PT is 680 rupees - data compiled by LSEG

** Stock down 8.6% YTD

($1 = 86.1790 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

July 17 (Reuters) - Shoppers Stop Ltd SHOP.NS:

• Q1 CONSOL NET LOSS 157.4 MILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 11.61 BILLION RUPEES

Source text: ID:nBSE7kSLsS

Further company coverage: SHOP.NS

(([email protected];;))

** Shoppers Stop SHOP.NS falls 5.5% to 518.05 rupees

** Co's Q4 consol net profit plunges 91% Y/Y

** Revenue up 1.7% Y/Y, same-store sales rises 3%

** SHOP down ~14% YTD

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of Shoppers Stop SHOP.NS rise as much as 8.7% to 674.2 rupees, highest since Nov. 5, currently up 8.1%

** The department store chain said Q3 consol net profit up ~41% Y/Y, snapping two consecutive qtrly losses

** Rev from ops up 11%, aided by strong demand for premium category

** Nearly 230,000 shares change hands, 1.5x its 30-day avg

** Nine analysts covering the stock, on avg, have a "hold" rating vs "buy" rating on rivals Tata Group-owned Trent TREN.NS and Arvind Fashions ARVF.NS, while Aditya Birla Fashion and Retail ADIA.NS rated "sell"- LSEG data

** SHOP up 10% so far this month; it fell ~24% in Q3

($1 = 86.5590 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Jan 14 (Reuters) - Shoppers Stop Ltd SHOP.NS:

• SHOPPERS STOP Q3 CONSOL NET PROFIT 522.3 MILLION RUPEES

• SHOPPERS STOP Q3 CONSOL REVENUE FROM OPERATIONS 13.79 BILLION RUPEES

Further company coverage: SHOP.NS

(([email protected];))

** Shares of Trent TREN.NS slides 5.7%, extending losses of 0.4% ahead of Q2 results

** Clothing retailer's Q2 consol rev from ops climbs 39.4% Y/Y, its slowest rev growth since Q4 2021

** Q2 consol net profit climbs ~47% Y/Y

** Stock second-biggest pct loser on benchmark Nifty 50 .NSEI, which is down 1%

** Trading volume 1.2x the 30-day moving avg

** Avg rating on TREN at "buy" while rival Shoppers Stop SHOP.NS rated "hold" - LSEG data

** TREN has more than doubled YTD, while SHOP has lost ~5%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Nov 5 (Reuters Breakingviews) - India's biggest companies no longer offer a rose-tinted window onto the world's fifth-largest economy. Shoppers have been tightening their purse strings for years. Now the austerity is spreading from the rural poor to the urban rich. That is the opposite of the recovery story that was supposed to play out.

GDP is growing at 6.7% but the reality is that consumption has been weak in India since at least 2020. Income growth is anaemic: casual and regular workers in 2023 earned a monthly wage 1% lower than in the previous year, per an International Labour Organization report based on government data. For a while, big companies that dominate the country's stock benchmarks like the Nifty 50 Index .NSEI seemed well insulated.

The latest set of company earnings suggest otherwise. Hindustan Unilever's HLL.NS net profit fell 2% year-on-year for the three months ended September. Reliance Retail - a unit of $215 billion Reliance Industries RELI.NS - reported a 1% drop in revenue in the same quarter and shrank store space by 2% from its June level; boss Mukesh Ambani's execution on strategy looks as much of a problem as a softening economy. Shoppers Stop SHOP.NS, an upscale department store, logged its second straight quarter in the red. The list goes on.

The hope was always that the incomes of the poor who were buying fewer biscuits would improve. Instead, urban demand is showing weakness too - sales of fast-moving consumer goods groups in cities are growing at nearly one-fifth of last year's rate - just as rural sales inch up from a prolonged slump.

India's festival season is usually a time people spend but carmakers struggled to clear inventory in the run up to the Diwali holiday last week: Revenue growth at Maruti Suzuki MRTI.NS, the country's top carmaker by sales, crawled at its slowest pace in three years during the September quarter. Even luxury marque BMW BMWG.DE is slashing prices; discounts could get bigger going forward, the Times of India reported on Oct. 28, citing unnamed industry analysts.

Nearly half of the top 100 listed firms that have reported earnings for the September quarter missed estimates by more than 4%, the highest since March 2020, according to Venugopal Garre and his colleagues at Bernstein. Garre says companies are not acknowledging "the elephant in the room" and are hoping the slowdown is a one-off anomaly. For the country's eye-wateringly expensive equities - MSCI India is valued at more than 23 times earnings - that sets up a lot of potential pain.

Follow @ShritamaBose on X

CONTEXT NEWS

Diwali, a major holiday, was celebrated in India on Oct. 31 and Nov. 1.

(Editing by Una Galani and Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/
[email protected]))

Oct 28 (Reuters) - Indian clothing retailer Arvind ARVN.NS posted a 19% rise in second-quarter pre-tax profit on Monday, aided by strong textiles demand as customers splurged on clothes ahead of the festive season, sending its shares 5% higher.

The company, which sells international brands such as Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated profit before tax rose to 1.35 billion rupees ($16.1 million), from 1.14 billion rupees a year earlier.

Demand for textiles remained strong during the festive season, as wealthy domestic consumers spent more, analysts noted.

The company said volume growth in its mainstay textile segment was mainly due to new customer acquisition and better demand.

Arvind posted a near 14% rise in revenue from operations, while revenue from its core textile segment, which accounts for nearly 74% of total sales, grew 12%.

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9%.

Textile division has a buoyant order book, and is expected to do well in the second half of the financial year, Arvind said in its investor presentation, adding that AMD is expected to do well and touch a volume growth of 20%.

Its total expenses rose 13% to 20.66 billion rupees, which led earnings before interest, tax, depreciation and amortization (EBITDA) margin to contract to 10.1% from 10.7% a year ago.

The company reported an increase in deferred tax provision worth 293.5 million rupees during the quarter.

Last week, rival Shoppers Stop SHOP.NS reported a loss for a second straight quarter, as high inflation led customers to cut back on discretionary spending.

($1 = 84.0725 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Rashmi Aich)

(([email protected];))

** Shares of Shoppers Stop SHOP.NS fell 4.8% to 682.7 rupees, their lowest since Dec. 21, 2023; last down 1%

** SHOP set to extend losing run to ninth straight session, if losses hold

** Department store chain posts loss for second straight quarter on sluggish demand

** SHOP sees busiest day since Oct. 4, with over 58,000 shares traded

** Analysts' avg rating on stock is "Hold" vs "Buy" on peer Trent Ltd TREN.NS

** Their median PT for SHOP is 811 rupees - LSEG

** SHOP is flat YTD vs 145% surge in TREN

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 22 (Reuters) - Shoppers Stop Ltd SHOP.NS:

• SHOPPERS STOP- PLANNING TO ADD 50 INTUNE, 7 DEPARTMENT, 6 BEAUTY, 2 HOMESTOP STORES DURING Q3, Q4

Source text for Eikon: ID:nBSE3T3mpY

Further company coverage: SHOP.NS

(([email protected];))

** Shares of Shoppers Stop SHOP.NS rise as much as 4.9% to 824 rupees

** Department-store chain signs deal with make-up brand Max Factor, owned by Coty COTY.N

** Says Max Factor will expand India presence to 70 SHOP outlets by the end of the year

** Avg rating of nine analysts is "hold"; median PT is 805.50 rupees - LSEG data

** Stock up 4.6% so far in August, on track for fourth straight month of gains

** YTD SHOP up 18.3% vs Trent's TREN.NS 134% jump

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of fashion retailer Trent TREN.NS climb ~3% to a record high of 6,750 rupees

** Stock on track for third straight session of gains

** Reuters could not immediately ascertain a reason for the stock move

** TREN reported two-fold jump in Q1 profit on August 9; stock hit record high then

** Trent's Q1 results an outlier among apparel retailers, says Morgan Stanley

** TREN only company among consumer retailers which has not seen downward revision in earnings estimates in last three months, says Morgan Stanley

** Analysts' avg rating on TREN, rival Shoppers Stop SHOP.NS at "hold", while Nykaa FSNE.NS rated "buy" - LSEG data

** TREN records more than two-fold YTD climb, while FSNE and SHOP gain 11% and 12%, respectively

(Reporting by Kashish Tandon in Bengaluru)

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Adds request for comment from FirstCry in paragraph 6

By Aditi Shah and Scott Murdoch

NEW DELHI/SYDNEY, Aug 1 (Reuters) - Indian retailer FirstCry is seeking to raise up to $501 million in an initial public offering (IPO), valuing the company as much as $2.9 billion, according to a term sheet seen by Reuters on Thursday.

FirstCry, which sells baby products including clothes, diapers and toys and competes with online kids' store Hopscotch, and in some segments with domestic firms Shoppers Stop SHOP.NS and Flipkart-owned Myntra, is seeking to tap the market for new parents in the world's most populous country.

The company is offering fresh shares worth $199 million, while existing investors, including SoftBank 9434.T, TPG TPG.O and India's Mahindra and Mahindra MAHM.NS, will sell a combined stake worth $302 million, the term sheet showed.

FirstCry is offering a 17% stake to public shareholders and has set a price band between 440 rupees and 465 rupees per share, according to the term sheet.

It said it will use the proceeds from the offering to fund acquisitions, international expansion and set up new stores and warehouses in India.

FirstCry did not immediately respond to a Reuters' request for comment.

The book running lead managers are BofA Securities India, Morgan Stanley India, Kotak Mahindra Capital, JM Financial and Avendus Capital.

A stock market boom has resulted in over 150 Indian companies raising nearly $5 billion through public listings in the country between January and July, nearly double the amount raised for the same period last year, according to LSEG data.

Indian e-scooter maker Ola Electric earlier this week said it aims to raise $734 million in the country's biggest IPO this year.

(Reporting by Aditi Shah in New Delhi and Scott Murdoch in Sydney; Writing by Hritam Mukherjee; Editing by Sonia Cheema)

(([email protected]; X: @MukherjeeHritam;))

BENGALURU, July 24 (Reuters) - Indian textiles firm Trident TRIE.NS reported a 21% fall in its first-quarter profit on Wednesday as it struggled to keep a tight lid on expenses amid rising cotton prices.

The company supplies to stores including Shoppers Stop SHOP.NS, DMart AVEU.NS and online retailers Flipkart and Myntra.

Cost of cotton, a key raw material for Trident, has been elevated for more than a year, hurting profits.

Trident reported a consolidated net profit of 737.3 million rupees ($8.8 million) for the quarter ended June 30, compared with 934 million rupees a year earlier.

The company's revenue from operations rose 17% to 17.43 billion rupees during the quarter from a year ago.

However, cost of raw materials rose nearly 18% during the quarter, causing a near 20% surge in total expenses.

This ate into the company's profit.

Trident's core yarn segment, the key revenue contributor, saw a 49% surge in revenue. The smaller paper and chemicals segment saw a near 5% drop in revenue, as paper prices continued to be under pressure due to heavy imports.

Shares of Trident closed 1.3% higher ahead of results.

($1 = 83.6810 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected];))

** Shares of department-store chain Shoppers Stop SHOP.NS are down nearly 4% to 788 rupees

** SHOP posted a loss of 227.2 mln rupees ($2.72 mln) in Q1, its first in nine quarters

** Rev growth slowed down to 7.6% from 13.3% in the Jan-Mar period

** Stock set to post fourth straight session of losses; it dropped nearly 4% in last three sessions

** SHOP avg rating is "hold" compared to "buy" for Trent TREN.NS and "strong buy" for Arvind Fashions ARVF.NS - LSEG data

** SHOP's 14% YTD rise is lesser than ARVF's 20% rise and TREN's 71.5% gain

($1 = 83.6300 Indian rupees)

(Reporting by Nishit Navin)

(([email protected];))

CHENNAI, July 18 (Reuters) - Indian department-store chain Shoppers Stop SHOP.NS swung to a quarterly loss on Thursday, its first in nine quarters, as high inflation weighed on consumer spending on discretionary products, including apparel and beauty products.

India's retail inflation rate hovered around 5% during April-June, mostly due to high food prices, tending to lead to lower non-essential spending. Moreover, analysts pointed to fewer wedding days than usual for sluggish spending on apparel.

"The industry witnessed subdued consumption due to prolonged heat wave, elections, fewer weddings and inflation," Shoppers Stop CEO Kavindra Mishra said.

The retailer, which sells ethnic and Western clothing, reported a net loss of 227.2 million rupees ($2.72 million) for the first quarter ended June 30, versus a profit of 144.9 million rupees, a year earlier.

Revenue rose 7.6% to 10.69 billion rupees, slowing from a 13.3% growth in the January-March quarter.

The company said it is closing a few "unviable" stores as part of its recovery plan, without providing details. However, it is doubling down on its fast-fashion-focussed brand, Intune, raising its store-opening target to 80 for the year ending March 2025 from 60.

Shoppers Stop followed in the footsteps of rival Trent's TREN.NS Zudio chain of stores and launched Intune last year to attract young consumers looking to regularly refresh their wardrobes on a tight budget.

Such stores have been a rare bright spot during a discretionary slowdown, proving a hit among consumers who typically shop at unbranded outlets.

Still, Shoppers Stop forecast better days ahead, expecting "stronger demand during the festive season, driven by lesser disruptions and more weddings".

Shares closed marginally lower ahead of the results, still clocking a near-19% increase for the year.

Shoppers Stop is the first of the apparel retailers to report quarterly results. Its better-known rivals include Trent TREN.NS, Arvind Fashions ARVF.NS and Aditya Birla Fashion and Retail ADIA.NS.

($1 = 83.6070 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Janane Venkatraman )

(([email protected]; +91 867-525-3569;))

BENGALURU, April 29 (Reuters) - India's Shoppers Stop on Monday reported nearly a 53% rise in fourth-quarter profit, helped by demand in its beauty segment as well as luxury products.

The early start of end-of-season sales and events like Valentine's Day drove heightened sales volumes, while high-income urban consumers favoured luxury makeup and fragrances for social and professional engagements, further boosting top-line growth.

The Mumbai-based chain reported a profit before exceptional item and tax of 300.7 million rupees ($3.60 million) for the three months ended March 31, compared with 197.1 million rupees a year earlier.

It also recorded an exceptional item of 15.9 million rupees in the quarter.

Shoppers Stop, which sells products of brands like Swarovski, Versace, Michael Kors and Bobbi Brown, said its revenue from operations rose 13.3% to 10.46 billion rupees.

Peer Tata Group-owned Trent TREN.NS reported a five-fold jump in quarterly profit, while Arvind Fashions ARVF.NS and Aditya Birla Fashion and Retail ADIA.NS are yet to report results.

Shares of Shoppers Stop closed 0.6% higher ahead of the results. They rose 9.3% during the March quarter.

($1 = 83.4614 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sohini Goswami)

(([email protected]; +91 8805175330 ;))

BENGALURU, Feb 13 (Reuters) - India's Arvind Fashions ARVF.NS, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the key holiday quarter and warned that any improvement would only come next quarter.

The company's shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks.

Arvind Fashions' consolidated revenue rose about 5% to 11.25 billion rupees ($135.5 million) in the October-December quarter. That was less than the 7% growth in the previous quarter and a 17% jump in the year-ago holiday quarter.

"Demand trends continue to remain soft," the company said in a statement and said it expects an improvement by the first quarter, which starts in April.

Retailers have grappled with subdued demand for over a year as inflation-weary consumers cut back on spending.

However, Arvind Fashions' profit from continuing operations rose 14% to 301.2 million rupees in the third quarter. That excluded a one-time gain of 348.2 million rupees from the sale of its unit, Arvind Beauty Brands.

The Bengaluru-based company said its premium brands such as Calvin Klein and Tommy Hilfiger pulled in customers, while its kids wear product sales jumped 15%.

Its rival Shoppers Stop SHOP.NS has reported a third consecutive fall in quarterly profit, although Tata Group-owned Trent's TREN.NS profit surged on strong festive-season sales.

Shares of Arvind Fashions fell as much as 9% after the results before recovering to trade down about 3%.

They have gained about 44% over the past 12 months, more than Shoppers Stop's 9% increase but well below Trent's 190% surge.

($1 = 83.0069 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sherry Jacob-Phillips and Savio D'Souza)

(([email protected];))

Adds currency in paragraph 2

BENGALURU, Feb 6 (Reuters) - Indian textiles firm Trident Ltd TRIE.NS posted a nearly 25% drop in its third-quarter profit, hurt by a rise in expenses, even as consumers bought more home linen during the festive season.

Trident - which counts cotton as its primary raw material - said its total expenses jumped 16% for the quarter ended Dec.31, with costs of raw materials climbing about 9%. This ate into its profit, which fell to 1.09 billion rupees.

Shares of Trident - which supplies products to department stores such as Shoppers Stop SHOP.NS, D-Mart AVEU.NS and Walmart WMT.N - closed 2.6% lower after the results.

India's festive season coincided with the third quarter, with consumers spending more on home linen items such as bedsheets. This helped Trident report a 12% jump in revenue to 18.35 billion rupees ($220.99 million).

The company, which is also engaged in manufacturing paper and chemicals, said revenue from its yarn and bedsheets segment rose about 25% and 36%, respectively, while its towels division fell 8%.

All three segments made up 86% of the total revenue.

($1 = 83.0343 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

(([email protected]; X: @MukherjeeHritam;))

** Shares of departmental store operator Shoppers Stop SHOP.NS drop 5% to 667.40 rupees after a third straight quarterly profit fall

** SHOP's Q3 net profit declines 41% y/y, rise in total expenses outpaced rev growth

** More than 76,000 shares trade, 0.8x 30-day avg volume

** Last currently down nearly 2%, taking YTD losses to 0.4%, after 2.6% decline in 2023

(Reporting by Rama Venkat in Bengaluru)

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BENGALURU, Jan 18 (Reuters) - India's Shoppers Stop SHOP.NS reported a third consecutive fall in quarterly profit on Thursday as consumers spent less on clothes and cosmetics amid elevated prices.

Net profit fell 41% to 368.5 million rupees ($4.43 million) in the three months ended Dec. 31, the department store operator said in an exchange filing.

India's inflation was on the higher side during the quarter, largely driven by a spike in food prices, which resulted in people cutting back spending on discretionary items such as clothing and footwear.

The company, which houses products ranging from Vero Moda clothing to Michael Kors watches, said total expenses rose nearly 11%, outpacing a 9% growth in revenue to 12.38 billion rupees.

This led to a contraction in the margin on earnings before interest, tax, depreciation and amortization (EBITDA) to 6.9% from 10.2% a year earlier.

The company is set to open 14 stores in the fourth quarter, it said. It currently operates a total of 105 department stores across the country.

Shares of Shoppers Stop closed 1.9% higher ahead of the results. They rose 0.8% in the December quarter.

Peers such as Arvind Fashions ARVF.NS, Tata Group-owned Trent TREN.NS and Aditya Birla Fashion and Retail are expected to report quarterly results in February.

($1 = 83.1140 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sonia Cheema)

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Jan 12 (Reuters) - Shoppers Stop Ltd SHOP.NS:

• ADITYA BIRLA SUN LIFE MUTUAL FUND CUTS STAKE IN SHOPPERS STOP BY 2.02% TO 4.99% - EXCHANGE FILING

Source text for Eikon: ID:nBSE17PxHB

Further company coverage: SHOP.NS

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