Shoppers Stop Limited has informed the Exchange about General Updates
SHOPERSTOP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shoppers Stop reported Q1 FY26 sales of Rs 1,094 Cr on a GAAP basis, up 6% YoY from Rs 1,034 Cr, driven by premiumisation with premium portfolio contribution rising to 67% (+8% YoY, LFL +9%). GAAP EBITDA grew 21% YoY to Rs 176 Cr with margin expanding 200 bps to 16.1%, aided by operational efficiency and improving KPIs (ATV +6%, ASP +3%, Items per Transaction +3%). On a Non-GAAP basis, EBITDA surged 68% YoY to Rs 26 Cr. However, the company remained in the red at the bottom line, with GAAP PAT at a loss of Rs 18 Cr (vs Rs 23 Cr loss in Q1 FY25) and PBT at a loss of Rs 24 Cr. Beauty distribution more than doubled to Rs 84 Cr (+117% YoY), and the value fashion format INTUNE doubled sales to Rs 68 Cr, with 4 new stores added taking the total to 75. The company also announced the retirement of long-serving Chairman Mr. B S Nagesh after 34 years, with Mr. Nirvik Singh set to take over.
Operational improvements and premiumisation strategy are showing results with strong EBITDA growth and margin expansion, which is positive. However, the company is still reporting losses at the PAT level on both GAAP and Non-GAAP bases, so profitability remains a key concern for shareholders. The leadership transition after three decades adds a near-term watchpoint.