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Shoppers Stop appoints Pankaj Chaturvedi as new CFO effective April 1, 2026, amid declining profits and retail sector challenges.
Shoppers Stop named Pankaj Chaturvedi as its new CFO effective April 1, 2026, succeeding Karunakaran Mohanasundaram.
Chaturvedi, a chartered accountant with 19 years of experience at companies including Vodafone, Reliance Jio, and Saregama India Ltd., brings expertise in finance and risk management.
The appointment follows a 69% drop in the company’s third-quarter profit, amid challenges in India’s retail sector such as rising competition and slowing consumer spending.
Shoppers Stop’s stock rose 2.2% to ₹409.2 on February 10, 2026, after a 31% decline over the past year, though it has delivered over 94% returns to investors in the last five years.
Shoppers Stop nombra a Pankaj Chaturvedi como nuevo CFO a partir del 1 de abril de 2026, en medio de la disminución de las ganancias y los desafíos del sector minorista.