Shoppers Stop Limited — Board Meeting, 17-07-2025: Outcome of Board Meeting

Shoppers Stop's board recently approved its consolidated financial results for the quarter ended June 30, 2025. Revenue from operations rose to ₹1,161.08 Cr, a solid jump from ₹1,069.31 Cr in the same quarter last year. The company significantly trimmed its net loss, now at ₹15.74 Cr compared to ₹22.72 Cr loss in Q1 FY24.

On the leadership front, Mr. B. S. Nagesh stepped down as Chairman, with Mr. Nirvik Singh assuming the role. Investors should note an unresolved ₹20.11 Cr retrospective service tax levy the company hasn't provisioned for, awaiting a Supreme Court ruling.