Shoppers Stop Ltd. has reported a strong start to FY27, with revenue growth and improved profitability for the quarter ended June 30, 2026.
Key Highlights:
- Revenue Growth: Q1FY27 revenue reached Rs 1,536 crore, a 10% increase from Rs 1,401 crore in Q1FY26.
- Profitability: EBITDA surged 40% to Rs 43 crore, with a profit after tax (PAT) of Rs 5 crore compared to a loss of Rs 4 crore in the previous year.
- Core Business Performance: The department store segment generated Rs 1,242 crore in revenue, showing a 6% like-for-like growth. Customer footfall increased by 3%, marking five consecutive quarters of growth, alongside a 10% increase in average transaction value (ATV).
Segment Performance:
- Beauty Segment: Sales reached Rs 327 crore, a 15% year-on-year increase, driven by a 34% growth in the fragrance category. The beauty distribution business recorded its highest quarterly revenue of Rs 129 crore, up 53%.
- Value Fashion Segment (INTUNE): Revenue increased 21% year-on-year to Rs 82 crore, with a 10% like-for-like growth.
- Premium Products: Contributed 72% to overall sales, growing 15% from the previous year.
Operational Efficiency:
- Inventory was reduced by Rs 80 crore compared to the previous year, reflecting enhanced operational efficiency.
- The loyalty program ‘First Citizen’ expanded to 13.8 million members, contributing 85% to total sales.
Expansion and Future Outlook:
- The company opened eight new stores during the quarter and reduced its debt by Rs 93 crore year-on-year.
- CEO Kavindra Mishra expressed optimism about sustained demand and improved supply chain visibility ahead of the festive season.
Overall, Shoppers Stop’s Q1 performance indicates a steady recovery, driven by premium offerings and disciplined operations.
