Shoppers Stop, a leading retail chain, has reported a staggering 91.4% drop in its consolidated profit for the March quarter, amounting to Rs 1.99 crore, compared to Rs 23.18 crore in the same period last year. Despite the significant dip in profit, the company experienced a modest 1.68% growth in revenue, reaching Rs 1,064 crore. Shoppers Stop’s performance reflects ongoing macroeconomic pressures, but the company is optimistic about its future prospects, citing structural changes and an evolving consumer market as key drivers.