Shoppers Stop Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Retailing | Market Cap: ₹4.5K Cr
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.
Price
₹421
Market Cap
₹4.5K Cr
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Compare Shoppers Stop Ltd against every Retailing company this quarter on revenue, margins and earnings-call signals.
Shoppers Stop Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹-16 Cr.
Full financials →📊 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).
- →Increase in customer footfall, 2% growth in like-for-like customer entries, and improved full-price sell-through rates indicate higher volume potential (Pages 16, 14).
- →Focus on premium larger stores (35,000-40,000 sqft) to capture higher sales productivity (Page 11).
📈 Profitability & Margins
- →Shoppers Stop is reasonably confident of strong growth in the next two quarters, expecting them to be outliers driven by festival and seasonal factors.
- →EBITDA has shown substantial improvement with a 68% increase on a non-GAAP basis for the recent quarter.
- →Profit before tax losses have significantly reduced compared to last year, indicating improving profitability.
- →Beauty segment continues strong, registering consistent growth, with further expansion plans underway.
- →Departmental stores format delivering 5% like-for-like growth; EBITDA for this format grew by 145%.
- →INTUNE format is still loss-making but doubling business and investments are ongoing; losses expected to continue near term.
- →The Board is focused on improving top-line growth and profitability by expanding premium store formats and optimizing margins.
- →Confidence expressed on margin delivery not being compromised by current discount strategies.
- →Capital allocation includes opening 7-8 departmental stores and 30-40 INTUNE stores in the fiscal year, supporting revenue growth.
- →Overall, the company anticipates sustainable growth and improved operating profits driven by expansion, premiumization, and better inventory and sales efficiencies.
🏗️ 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).
- →Continuing investments in supply chain improvements, marketing, and new shopping elements for INTUNE to improve appeal and responsiveness.
- →Capital allocation focused on store expansions across formats and enhancing the omnichannel platform to sustain growth.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.