After making losses in the second quarter last financial year, Shoppers Stop has reported a profit of Rs 12.06 crore. In the corresponding quarter last year, the retail giant had made a loss of Rs 11.02 crore.
The income too increased 11 per cent from Rs 372.48 crore in the second quarter last financial year to Rs 413.29 crore in the quarter ended September 30.
In a notification to Bombay Stock Exchange, Govind Shrikhande, president and CEO of Shoppers Stop said, “Our focus remains on our First Citizen Loyalty Programme, which as contributed 73 per cent of the sales.”
The positive results pushed the company’s stock price by 4.65 per cent. The company’s stock price closed at Rs 287 a share.
