Shoppers Stop Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SHOPERSTOP · price
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Shoppers Stop Limited reported a net loss of Rs 46.24 crore on standalone basis and Rs 36.09 crore on consolidated basis for FY26, compared to net profit of Rs 6.74 crore and Rs 10.89 crore respectively in FY25. Revenue from operations grew 6.1% on standalone (Rs 4,707.67 crore) and 9% on consolidated (Rs 5,043.32 crore). The company turned loss-making due to higher finance costs (Rs 283.53 crore standalone, up from Rs 257.92 crore) and increased depreciation (Rs 534.31 crore, up from Rs 491.64 crore). Exceptional items of Rs 18.99 crore (consolidated) included impairment provision and one-time labour code impact. Auditors issued unmodified opinion but drew emphasis on pending service tax liability of Rs 20.11 crore (consolidated) pending Supreme Court decision. The board also approved Rs 40 crore additional investment in wholly-owned subsidiary Global SS Beauty Brands Limited.
The stock may face negative sentiment due to significant shift from profit to loss despite revenue growth, indicating margin pressure from higher finance and depreciation costs. The clean audit opinion provides some comfort regarding financial statement reliability.