Shoppers Stop Limited has informed the Exchange about Transcript
SHOPERSTOP · price
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Shoppers Stop reported strong Q1 FY26 results with non-GAAP sales up 6% YoY and EBITDA up 68%. Departmental stores delivered a robust 5% like-for-like growth with EBITDA up 145% and EBITDA margin around 3%. Average Transaction Value (ATV) rose 6% driven by both ASP and IPT, while customer entry improved 2% on a like-to-like basis. Premiumization has reached 67% with premium products growing 9% LFL. The Beauty business grew 17% consolidated, and Global SS Beauty doubled sales to INR84 crores (GMV ~INR130 crores). However, value fashion format INTUNE had a soft quarter due to aggressive discounting by peers in June, with losses expected to continue as the company expands to 30-40 new INTUNE stores this fiscal. The company reduced outright inventory by INR110 crores since March 2025.
Positive for shareholders as core departmental store business showed strong margin expansion and operational leverage. However, near-term drag from INTUNE expansion losses may cap upside. The company guided to continued investment in growth, with festive season seen as a positive catalyst.