Shoppers Stop Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2026.
SHOPERSTOP · price
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Shoppers Stop Limited reported audited financial results for FY2026 ending March 31. Consolidated revenue grew 9% to ₹5,043.32 Crore from ₹4,627.64 Crore in FY25, but the company swung to a net loss of ₹36.09 Crore versus profit of ₹10.89 Crore in the prior year. Standalone revenue stood at ₹4,707.67 Crore with a net loss of ₹46.24 Crore. The auditors issued an unmodified opinion on both standalone and consolidated results. The board also re-appointed Mr. Arun Sirdeshmukh as Independent Director for another 5-year term (subject to shareholder approval), reappointed PwC as internal auditors for one year, and approved an additional investment of up to ₹40 Crore in its wholly-owned subsidiary Global SS Beauty Brands Limited via a rights issue of preference shares. Three senior executives (MD, CFO, and CS) were authorized to determine materiality of events for disclosure purposes.
Despite revenue growth, Shoppers Stop turned loss-making in FY26, indicating margin pressure from higher costs and finance charges (₹289 Crore). The ₹40 Crore additional investment in the beauty subsidiary shows continued expansion focus. Shareholders should monitor the turnaround plan and service tax dispute resolution.