Profit

Shoppers Stop Management On Q4 Earnings

PUBLISHED ON: May 8, 2017 | Duration: 9 min, 27 sec

   
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Govind Shrikhande, MD of Shoppers Stop, told NDTV that the loss that the company posted in the fourth quarter was because of the one-time impairment provision it has made for erosion of Hypercity's net worth. But the retail company is pretty confident of a better performance in FY18 on the back of strong brand building and changes in Hypercity.
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