Shoppers Stop Limited has informed the Exchange about General Updates
SHOPERSTOP · price
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Shoppers Stop reported Q1FY26 sales of Rs 1,336 Cr (Non-GAAP) and Rs 1,094 Cr (GAAP), both up 6% YoY, with like-to-like growth of 3-5%. GAAP EBITDA grew 21% to Rs 176 Cr while Non-GAAP EBITDA jumped 68% to Rs 26 Cr, driven by premiumisation with premium portfolio share rising to 67% (LFL +9%). Losses narrowed on both bases - GAAP PAT improved to -Rs 18 Cr from -Rs 23 Cr. Key segments showed strong growth: Beauty Distribution +117% to Rs 84 Cr, INTUNE doubled to Rs 68 Cr, Private Brands at Rs 156 Cr, and First Citizen loyalty program contributed 85% of sales. The company opened 4 new INTUNE stores, reduced inventory by Rs 110 Cr vs Mar'25, and guided premiumisation share to 70% by FY26 end. Long-serving Chairman B S Nagesh retires after 34 years, with Nirvik Singh taking over.
Operational efficiency and premiumisation are clearly working, with strong EBITDA growth and improving margins supporting a positive near-term outlook, though the company remains in PBT loss on Ind AS 116 impact from new store leases. The Chairman transition and continued capex on growth categories (INTUNE, Beauty Distribution) are key things to watch.