Shoppers Stop Q3 standalone net up 45

The firm,which operates large format department and home stores,and specialty chains like Crossword,Mothercare and MAC among others,said its gross retail sales grew by 23.68 per cent to Rs 515.9 crore during the third quarter this fiscal from Rs 417.1 crore in the same period a year ago.

8220;The year8217;s festivities and celebrations have contributed significantly to our third quarter results. This is indeed one of the best third quarters we have seen,8221; Shoppers Stop Customer Care Associate and Managing Director Govind Shrikhande said.

Same store sales growth increased by 22 per cent during the quarter,he added.

The company opened one Shoppers Stop store in Aurangabad and one store of MAC in Chennai during the period under review. Four Crossword stores were also opened in Bhopal,Bangalore,Aurangabad and Chennai

became functional in Bhopal during the period,it said. Shoppers Stop scrips closed the day at Rs 366.05 share,on the BSE up 3.77 per cent from the previous close.