Shoppers Stop Q4 FY26 Revenue at ₹1,117 Cr (+9% YoY), FY26 Revenue ₹4,708 Cr (+6% YoY)
Shoppers Stop reported Q4 FY26 revenue of ₹1,117 crore (+9% YoY) and FY26 revenue of ₹4,708 crore (+6% YoY). The company generated ₹301 crore in cash from operations in FY26 and plans to be debt-free by FY27. LFL sales in Department Stores grew 4.7% in FY26. The company aims to become debt-free by FY27.
The results show growth and strategic progress, including debt reduction and operational improvements, which are significant for the company's future performance. However, the revenue growth is moderate, and the company faces ongoing market challenges.
The company reported positive year-on-year growth in revenue for both the quarter and the full financial year, along with strong cash generation and debt reduction, indicating a positive financial performance and outlook.
Shoppers Stop Limited announced its results for the Fourth Quarter and Financial Year ended March 31, 2026. For Q4 FY26, the company reported a revenue of ₹1,117 crore, marking a 9% year-on-year growth, with EBITDA at ₹187 crore. For the full financial year FY26, revenue stood at ₹4,708 crore, a 6% increase YoY, and EBITDA was ₹770 crore.
The company highlighted several key performance indicators for FY26, including a Like-for-Like (LFL) sales growth of 4.7% in Department Stores, the highest in 10 years. Cash generated from operations reached ₹301 crore, the highest in 8 years, supported by a working capital optimization of ₹155 crore YoY. Debt was reduced by ₹109 crore YoY, with the company on track to be debt-free by FY27. The Global SSBeauty business grew 81% YoY to ₹426 crore.
In Q4 FY26, premium brands contributed 71% to total sales with a 13% YoY growth. The beauty segment sales were ₹309 crore, a 17% increase YoY, driven by fragrances. The INTUNE value fashion format reported sales of ₹67 crore, a 24% increase YoY.
Mr. Kavindra Mishra, MD and CEO, commented that the company delivered a resilient performance in a challenging environment, driven by disciplined execution and a focus on premiumization. He noted that consolidated gross revenue for FY26 stood at ₹6,057 crore, up 8% YoY, and the department store business crossed ₹5,000 crore with LFL growth of 4.7%. He also highlighted strong operational efficiency leading to ₹301 crore cash generation from operations and the debt reduction plan.
Mr. Mishra expressed optimism about the Indian fashion market, expecting demand to remain healthy despite potential inflationary pressures from supply chain disruptions. The company's priorities include strengthening the core business, scaling non-apparel categories, improving GMROF, maintaining a lean cost structure, and prudent capital deployment.
Strategic initiatives in Q4FY26 included accelerating First Citizen program enrolments, with the member base expanding to 13.5 million. The Beauty segment saw strong YoY growth, and Global SSBeauty continued to outperform. Private brands showed improved profitability, and the company launched 9 new stores in the quarter.
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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 medium impact: worth reading, rarely worth acting on by itself.
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