Shoppers Stop Limited announced its financial results for the first quarter ended June 30, 2026, marking a significant turnaround in profitability driven by solid double-digit growth.
The company recorded a consolidated non-GAAP revenue of INR 1,536 crores, representing a 10% increase compared to the same period last year.
Consolidated EBITDA rose by 40% year-on-year to reach Rs 43 crores, while Profit After Tax turned positive at Rs 5 crores.
Kavindra Mishra, MD and CEO, Shoppers Stop Ltd, said, “We are pleased to report a strong start to FY27 with our Non GAAP Consolidated revenue up 10% YoY to INR 1,536 Cr; EBITDA up 40% YoY and PAT turning positive at INR 5 Cr as compared to a loss of INR 4 Cr in Q1 FY26.
Department store revenue grew by 6% LFL. Customer entry grew by 3% LFL, growing for 5 consecutive quarters, reflecting stronger engagement, high service standards and elevated experience.
ATV +10% is a clear testament to our premiumisation strategy”.
Department stores contributed INR 1,242 crores with a healthy like-for-like growth of 6%, supported by consecutive quarters of rising customer entries.
The beauty segment strongly outperformed expectations with sales hitting INR 327 crores, led by a remarkable 34% surge in the fragrance category.
Simultaneously, the GSSBB beauty distribution business achieved its highest-ever quarterly performance with revenue reaching INR 129 crores, reflecting 53% growth.
Value fashion format INTUNE demonstrated a notable trend reversal after four quarters, reporting sales of INR 82 crores with a 10% like-for-like growth.
The overall premium portfolio contribution stood robust at 72%, while the company successfully reduced its inventory by INR 80 crores year-on-year.
Strategic physical expansion added eight new stores across department, beauty, and INTUNE formats, alongside a notable debt reduction of INR 93 crores.
The First Citizen loyalty program expanded its active member base to 13.8 million, helping achieve an unprecedented high sales mix contribution of 85%.
Editor’s Note
Shoppers Stop’s Q1 FY27 results prove that legacy retail can master the modern pivot, turning operational discipline into a masterclass in profitability.
By pushing consolidated revenue up 10% to Rs 1,536 Cr and swinging back into a positive PAT of Rs 5 Cr, the retail pioneer has weaponized its premiumization strategy to outpace market headwinds.
The real engine behind this turnaround isn’t just top-line growth—it’s surgical precision in high-margin categories, highlighted by a staggering 34% explosion in fragrance sales and a record 85% sales mix driven by their loyal First Citizen base.
As management doubles down on inventory reduction and a clear-eyed march toward a debt-free balance sheet by FY27, Shoppers Stop is setting a new benchmark for agile execution in Indian retail.
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