Shoppers Stop Limited has informed the Exchange regarding Outcome of Board Meeting held on July 17, 2025.
SHOPERSTOP · price
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Shoppers Stop's board approved unaudited Q1 FY26 results on July 17, 2025. Standalone revenue from operations rose to ₹1,094.19 crore (from ₹1,033.70 crore in Q1 FY25, up ~5.8%), while consolidated revenue grew to ₹1,161.08 crore (up ~8.6%). Net loss narrowed to ₹17.89 crore standalone (₹22.51 crore loss in Q1 FY25) and ₹15.74 crore consolidated (₹22.72 crore loss in Q1 FY25). The company also announced a leadership change — founder B.S. Nagesh retired as Chairman effective July 17, 2025, and Nirvik Singh took over as Chairman from July 18, 2025. Auditors (SR BC & Co LLP) issued an unmodified review report but included an Emphasis of Matter note about a pending Supreme Court case on retrospective service tax of ₹20.11 crore (consolidated) for the period June 2007 to March 2010, which the company has not provisioned.
Revenue growth and a narrower loss are mildly positive, but the company remains in the red with rising finance and depreciation costs limiting near-term profitability. The Chairman transition is a notable governance change, and the unresolved service tax matter remains a contingent risk overhang for shareholders.