Mumbai, July 22, 2026: Shoppers Stop Ltd., India’s pioneer destination for premium fashion, beauty, and non-apparels announced its results for the First Quarter ended on 30thJune’26, delivering strong growth on revenue and profitability, a testament to its premiumization strategy.
Key Highlights
- Department Stores Rs 1,242 Cr; clocking healthy LFL growth of 6%
- Beauty segment outperformed with Sales Rs 327 Cr +15%; Led by fragrance +34%
- Strong momentum continues in Beauty distribution (GSSBB) Rs 129 Cr +53%; Highest ever quarter
- INTUNE Rs 82 Cr +21%; LFL +10%, trend reversal after 4 qtrs.
- Premium portfolio contribution at 72%; Sales +15% (LFL +13%)
- Inventory reduction of Rs 80 Cr YoY
- Opened 8 new stores - Department 2, Beauty 4, and INTUNE 2
- Debt reduction of Rs 93 Cr besides Rs 50 Cr Capital infusion in GSSBB YoY
- First Citizen member base expanded to 13.8 Mn, leading to highest ever sales mix of 85%
Results in detail
Consolidated: -
| Non GAAP | GAAP | |||||
| Rs In Cr | Q1FY27 | Q1FY26 | Growth% | Q1FY27 | Q1FY26 | Growth% |
| Sales | 1,536 | 1,401 | 10% | 1,291 | 1,161 | 11% |
| EBITDA | 43 | 31 | 40% | 193 | 182 | 6% |
| PAT | 5 | -4 | 228% | -14 | -16 | 12% |
Standalone: -
| Non GAAP | GAAP | |||||
| Rs In Cr | Q1FY27 | Q1FY26 | Growth% | Q1FY27 | Q1FY26 | Growth% |
| Sales | 1,427 | 1,336 | 7% | 1,185 | 1,094 | 8% |
| EBITDA | 37 | 26 | 45% | 185 | 176 | 5% |
| PAT | 3 | -7 | 138% | -17 | -18 | 7% |
Management Comments:
Commenting on the Q1FY27 results, Mr. 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 Rs 1,536 Cr; EBITDA up 40% YoY and PAT turning positive at Rs 5 Cr as compared to a loss of Rs 4 Cr in Q1FY26. 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.
“India Weds with Shoppers Stop”, “The Travel Edit”, “Get Spotlight Ready” with HYBE India and “Beauty and Accessories fest” helped drive stronger customer connect and business growth. We remain focused on strengthening Shoppers Stop’s aspirational positioning and expanding in key markets.
Demand has sustained through Q1, and better supply chain visibility gives us confidence ahead of the festive season. We remain committed to inventory discipline, operational rigor, prudent capital deployment and becomingdebt-free by FY27.”
Update on our Strategic Priorities:
- First Citizen: First Citizen recorded highest contribution of 85%. The member base expanded to 13.8 million, supported by strong enrolmentsacross tiers, with over 39K Premium Black Card (+26% YoY) and 202K Silver Card additions during the quarter. The Black Card segment contributed 23% of total sales, reflecting deeper engagement with premium customers
- Beauty: The Beauty segment reported sales of Rs 327 Cr, delivering 15% YoY growth, led by a strong performance in the fragrance category, which grew 34% YoY. Customer engagement remained robust, supportedby 192K+ makeovers and 400+ masterclasses
- Private Brands: Delivered steady performance with 20% ASP growth driven by portfolio premiumization. Inventory reduced by 12% YoY.“FRATINI Girl”- a premium apparels line for young girls outperforming kids category. Premium range launched in “Bandeya” across 25 stores
- Store Expansion: We launched 8 Stores - 2 Department, 4 Beauty and 2 INTUNE with Capital investment of Rs 44 Cr during the quarter
- INTUNE: Our Value fashion format, sustaining momentum from last quarter, reported sales of Rs 82 Cr, +21% YoY with a strong LFL of 10%. New price point of Rs 1,299/- introduced last quarter is showing encouraging response. Inventoryfreshness improved through in-store clearances and overall Inventory reduced by Rs 34 Cr YoY.
