Shoppers Stop Ltd
Shoppers Stop Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #24 of 28 in Retailing
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The short version
Management is reasonably confident the next two quarters will be outliers with improved performance, driven by the upcoming festival season and increased demand (Page 20). Shoppers Stop is reasonably confident of strong growth in the next two quarters, expecting them to be outliers driven by festival and seasonal factors.
From Shoppers Stop Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Management is reasonably confident the next two quarters will be outliers with improved performance, driven by the upcoming festival season and increased demand (Page 20).
- Overall sales growth target includes an ambition to improve top-line growth beyond the consistent 5-6% seen recently (Page 20).
- Expansion plans include opening 7-8 new departmental stores and 30-40 INTUNE format stores this fiscal year, showing focus on store additions for growth (Page 20).
- INTUNE format is doubling business in the current quarter, despite expected losses, with continued investments to improve appeal and supply chain efficiency (Page 7).
- Beauty segment continues to grow steadily with 2% growth driven by premiumization and expansion, expected to sustain (Pages 6-7).
2 more points from Shoppers Stop Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Planning to open 7-8 departmental stores in the coming quarter and 7-8 more over the next two quarters.
- INTUNE format expansion: targeting 30-40 new stores during the fiscal year; 4 already opened and 7-8 expected in the current quarter.
- Beauty segment: opening 2-3 new stores expected soon, focusing on malls rather than stand-alone stores.
- Actively exploring good locations for store expansions; keen to invest in attractive store spaces.
- Investing in omnichannel capabilities: relaunching shoppersstop.com and beauty app to enhance inventory integration and customer experience (expected live within 20 days).
2 more points from Shoppers Stop Ltd's call on capex
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Top-ranked in Retailing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Shoppers Stop Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.4K Cr, net profit ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Shoppers Stop's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
Others in Retailing this season
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EBITDA: ₹68.5 crore, up 5.7% YoY . Key concall takeaways from Just Dial Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- Trent Ltd (Q1 FY26)
Q1 FY26 Revenue from operations (Standalone): ₹4,781 Cr (up from ₹3,992 Cr in Q1 FY25) . Key concall takeaways from Trent Ltd's Q1 FY26 earnings call — and how…
- Macfos (Q1 FY26)
Q1 FY 2025-26 revenue from operations: ₹59.86 crore (Page 18), compared to Q1 FY 2024-25 revenue of ₹57.32 crore (Page 14: 5,732.24 lakhs), reflecting…
- Shankara Building Products Ltd (Q1 FY26)
Strong volume growth in steel business with a 35% year-on-year increase in Q1, indicating good demand. Key concall takeaways from Shankara Building Products…
Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Shoppers Stop Ltd Q1 FY26 results?
Management is reasonably confident the next two quarters will be outliers with improved performance, driven by the upcoming festival season and increased demand (Page 20). Shoppers Stop is reasonably confident of strong growth in the next two quarters, expecting them to be outliers driven by festival and seasonal factors.
What is Shoppers Stop Ltd share price analysis?
Shoppers Stop Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹4,475 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shoppers Stop Ltd planning capital expenditure?
Planning to open 7-8 departmental stores in the coming quarter and 7-8 more over the next two quarters.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.