Shoppers Stop blames pollution in northern India for flat Q3 sales

Shoppers Stop reported flat third-quarter earnings, with profit falling 69% to ₹16.12 crore, coupled with tepid revenue growth. "Overall sales…were flat, impacted by festive calendar shifts, uneven discretionary demand and elevated pollution levels in Northern India," the company said in an exchange filing. The company's core business sales were ₹1,516 crore, remaining flat year-on-year.