New Delhi, Jan. 21 -- Shoppers Stop share price dropped 12% during Wednesday's trading session following its Q3 earnings report. The retail company reported a significant decline of 69.13% in its consolidated net profit, totaling Rs.16.12 crore for the December quarter of FY26, attributing this to factors like a change in the festival time and inconsistent consumption patterns.

Last year, the firm recorded a net profit of Rs.52.23 crore during the October-December period, as detailed in a regulatory filing from Shoppers Stop, which is backed by the Raheja family.

In the December quarter, its operational revenue saw a slight increase of 2.63%, reaching Rs.1,415.82 crore, compared to Rs.1,379.47 crore in the same period last year. Shopper...