Shoppers Stop Q2 FY27: PAT turns positive to ₹6 Cr, Revenue up 7% to ₹1,618 Cr
Shoppers Stop reported Q2 FY27 results with consolidated non-GAAP revenue up 7% YoY to ₹1,618 Cr and EBITDA up 56% YoY to ₹43 Cr. PAT turned positive at ₹6 Cr vs. a loss of ₹7 Cr last year. Net debt reduced by ₹82 Cr, targeting debt-free status by Q3 FY27. Seven new stores were opened with ₹39 Cr capex.
The turnaround in profitability, positive PAT, significant revenue and EBITDA growth, and the clear path to becoming debt-free are material developments that will likely have a significant impact on investor sentiment and the company's financial standing.
The company reported positive PAT for the quarter and half-year, along with significant year-on-year growth in revenue and EBITDA. The reduction in net debt and the target to become debt-free by Q3 FY27 are also positive indicators.
Shoppers Stop Limited announced its results for the quarter and half year ended September 30, 2026. The company achieved a PAT positive performance in both Q2 and H1, driven by its premiumization-led growth strategy. Consolidated Non-GAAP revenue grew 7% year-on-year to ₹1,618 crore, with EBITDA increasing 56% year-on-year to ₹43 crore.
The Department Store business reported revenue of ₹1,302 crore with festive-adjusted like-for-like (LFL) growth of 7%. New ventures also improved profitability, with losses reducing by ₹8 crore, attributed to higher INTUNE productivity and the integration of SSBeauty.in with SS.com.
Key highlights for Q2 FY27 include a 4% increase in Department Format Sales to ₹1,302 crore, with a festive adjusted LFL growth of 7%. The Beauty segment outperformed with sales of ₹367 crore, an 18% increase, led by the fragrance category (+35%). Beauty distribution (GSSBB) saw a 59% increase in sales to ₹168 crore. The premium portfolio contributed 73% of sales, a 390 basis points increase. INTUNE reported sales of ₹72 crore with festive adjusted LFL growth of 6%, and a reduction in losses. The First Citizen member base expanded to 14 million, with 40,000 new premium Black Card enrollments. The company opened 7 new stores (4 Department, 2 Beauty Boutique, and 1 MAC SIS) with a capital investment of ₹39 crore. Outright inventory was reduced by ₹78 crore year-on-year, and net debt reduced by ₹82 crore, placing the company on track to become debt-free by Q3 FY27.
Mr. Kavindra Mishra, MD and CEO, stated that despite the festive season shifting largely to Q3, the company delivered a strong performance with a meaningful turnaround in profitability. Consolidated PAT turned positive at ₹6 crore compared to a loss of ₹7 crore in the previous year, and standalone PAT also turned positive from a loss of ₹10 crore in the last year. The company remains committed to prudent capital allocation, improving profitability, and achieving its goal of becoming debt-free by the end of Q3.
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Shoppers Stop Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Shoppers Stop Limited. Read the original for the full detail.