Retail chain Shoppers Stop reported a standalone net profit of ₹13.20 crore for the second quarter ended September 30, 2018.
The company had posted a net loss of ₹21.80 crore in the July-September period a year ago, Shoppers Stop said in a BSE filing.
Its total income stood at ₹867.09 crore during the quarter under review, up 2.77 percent, as against ₹843.65 crore in the corresponding quarter previous fiscal.
Total expenses were at ₹844.24 crore, up 2.43 percent, as against ₹824.15 crore earlier.
“On a like-to-like basis for the quarter, our sales have increased by 3.6 percent riding on our continuous efforts to provide immersive and seamless shopping experiences across in-store and online platforms,” said Shoppers Stop Customer Care Associate, MD and CEO Rajiv Suri.
The company added 1 MAC store, 1 Clinique and 1 Bobby Brown taking the total count of beauty stores to 108 as on September 30. At present, the company has 203 stores operational with 83 Shoppers Stop, 12 HomeStop, 54 MAC, 32 Clinique, 8 Estee Lauder, 12 Bobbi Brown, 2 Smash Box, totaling 4.3 million sq ft space operational as of Q2FY19.
Shares of Shoppers Stop on Friday closed at ₹475 on Bombay Stock Exchange, down 1.91% from its previous close.