Shoppers Stop reported in-line operating performance, with 1% SSSG and comparable EBITDA margins of 10.2% (up 50bps yoy). The company reported a loss of Rs5.2mn due to the higher deferred tax provisioning of Rs430mn in the Dec'19 quarter. Low SSG growth was attributed to a higher base (~9% growth in the Dec'18 quarter) amid a sluggish economy. The beauty business (~17% of sales in the Dec'19 quarter) grew...