Shoppers Stop Q1 FY27: Revenue up 10% to ₹1,536 Cr, PAT turns positive at ₹5 Cr
Shoppers Stop reported Q1 FY27 results with consolidated revenue up 10% YoY to ₹1,536 crore. PAT turned positive at ₹5 crore versus a loss of ₹4 crore in Q1 FY26 (Non-GAAP). Department store sales grew 6% LFL, and Beauty segment sales increased 15% YoY. The company opened 8 new stores and reduced debt by ₹93 crore.
The positive financial results, including revenue growth and profit turnaround, along with positive commentary on future outlook and strategic progress, are likely to have a significant positive impact on investor sentiment and the company's stock performance.
The company reported a significant improvement in profitability, with revenue growth and a turnaround in PAT from loss to profit. Key segments like Department Stores and Beauty showed strong LFL growth, and strategic initiatives like premiumization and debt reduction are progressing well.
Shoppers Stop Limited has announced its financial results for the First Quarter ended June 30, 2026, reporting a strong turnaround in profitability driven by double-digit growth.
Consolidated revenue for the quarter stood at ₹1,536 crore, marking a 10% year-on-year (YoY) increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 40% YoY to ₹43 crore. The company reported a Profit After Tax (PAT) of ₹5 crore for the quarter, a significant improvement from a loss of ₹4 crore in the same period last year (Non-GAAP).
Key highlights from the performance include a healthy like-for-like (LFL) growth of 6% in the Department Stores segment, which recorded sales of ₹1,242 crore. The Beauty segment outperformed with sales of ₹327 crore, up 15% YoY, driven by a 34% growth in fragrances. The Beauty distribution business (GSSBB) also saw robust growth, with sales of ₹129 crore, up 53% YoY, achieving its highest ever quarterly sales. The INTUNE format reported sales of ₹82 crore, a 21% YoY increase with a 10% LFL growth.
The company's premiumization strategy continues to yield results, with the premium portfolio contributing 72% to sales, which grew by 15% (LFL +13%). Inventory was reduced by ₹80 crore YoY. Shoppers Stop opened 8 new stores during the quarter, comprising 2 Department stores, 4 Beauty stores, and 2 INTUNE stores. Debt reduction was also a focus, with ₹93 crore paid down YoY, in addition to a ₹50 crore capital infusion in GSSBB.
The 'First Citizen' member base expanded to 13.8 million, contributing to the highest ever sales mix of 85%. Mr. Kavindra Mishra, MD and CEO, expressed satisfaction with the strong start to FY27, emphasizing the focus on strengthening the company's aspirational positioning and expanding in key markets. He also reiterated the commitment to inventory discipline, operational rigor, prudent capital deployment, and becoming debt-free by FY27.
The company also referred to its previous disclosure dated July 15, 2026, regarding an analyst call/investor conference call scheduled for Thursday, July 23, 2026, at 11:00 a.m. IST to discuss the corporate performance for the quarter ended June 30, 2026. The investor presentation used during this call is the same as the one attached to this announcement.
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