UPDATE 2-Shoppers Drug Mart profit rises on prescriptions

* EPS C$0.49 vs C$0.46

* Revenue rises 8.5 pct to C$2.2 billion

* Same store sales rise 2.1 percent

* Shares rise 2.7 percent to C$45.34 (Adds background and analyst comments)

By Scott Anderson

TORONTO, April 28 (Reuters) - Shoppers Drug Mart (SC.TO: Quote, Profile, Research), Canada's biggest pharmacy chain, reported a higher quarterly profit on Tuesday as sales of prescription drugs and beauty care products rose.

Shoppers said it earned C$106.8 million ($87.5 million), or 49 Canadian cents a share, for the quarter ended March 28, up from C$100.7 million, or 46 Canadian cents a share, for the same period last year, which included the high-sales Easter weekend. The Easter holiday weekend did not fall in the first quarter this year.

Revenue rose 8.5 percent to C$2.2 billion, with same store sales rising 4 percent.

Analysts were expecting, on average, earnings per share of 48 Canadian cents before items and revenue of C$2.16 billion.