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Shoppers Stop Ltd

Q1 FY27

Shoppers Stop Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹363

Market cap₹4.0K Cr

Updated16 Oct 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 4 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

FundraiseNo fundraise planned

The short version

The business recorded a healthy 10% overall revenue growth and 6% like-for-like growth in Q1 FY27, indicating ongoing expansion. Overall business demonstrated healthy growth with a 10% top line and 6% like-for-like growth in Q1 FY27.

From Shoppers Stop Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth

The business recorded a healthy 10% overall revenue growth and 6% like-for-like growth in Q1 FY27, indicating ongoing expansion.
Management expects consistent growth in upcoming quarters despite seasonal fluctuations.
Plans to open around 9 to 10 new department stores annually, with cautious expansion of INTUNE stores after stabilizing profitability.
Online sales as part of the omni channel are expected to contribute 8-9% of the business within the next couple of years.
The non-Estée Lauder beauty business is growing at approximately 10% like-for-like, with recovery seen in stand-alone Estée Lauder stores.

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Profitability & Margins

Overall business demonstrated healthy growth with a 10% top line and 6% like-for-like growth in Q1 FY27.
EBITDA improved significantly, with a 40% growth in Q1 FY27 and a positive PAT of Rs 5 crores versus a loss in the previous year.
Management expects consistent growth in coming quarters despite seasonality.
Expansion strategy involves opening 9 to 10 department stores annually, funded through internal accruals without increasing debt.
Productivity improvements and premiumization expected to drive margins despite a possible decline in gross margin percentage, supported by higher throughput and rupee-margin growth.
Online channel contribution to omnichannel business targeted to increase to around 8%-9% over the next couple of years.
INTUNE business showing signs of stabilization and growth with a focus on improving unit economics.

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Capital Expenditure Plans

Capex planned

Planned opening of 9 to 10 department stores annually as part of expansion strategy (Page 20, 22).
INTUNE stores to open opportunistically post achieving profitability and operational stability; 90 stores currently with potential for further openings (Page 11, 20, 22).
Investment of around Rs 40 crores planned this year in the Beauty distribution business, which is growing robustly (Page 12).
Launching 2 exclusive Swiss watch brands in the coming quarter to strengthen premium brand portfolio (Page 7, 23).
Expansion funded through internal accruals; generating sufficient EBITDA and operating cash flow, aiming to remain debt-free by FY27 year-end (Page 20, 22, 7).
Investment also ongoing in subsidiary GSSBB with healthy returns (Page 7).

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Fundraising & Capital Structure

Shoppers Stop Limited plans to fund its expansion primarily through internal accruals.
The company is generating sufficient EBITDA and cash flows to support store expansion and investments.
They aim to open 9 to 10 department stores annually and cautiously expand INTUNE stores based on profitability.
The guidance is to become debt-free by the end of financial year 2027 (FY27).

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Order Book & Pipeline

The transcript provided from Shoppers Stop Limited's Q1 FY27 earnings call does not explicitly mention any details regarding current or expected order book or pending orders. Key focus areas discussed include: - Launch of exclusive Swiss watch brands in India in Q2 FY27. - Expansion plans: Opening 9-10 department stores annually; cautious expansion of INTUNE stores. - E-commerce and omni-channel growth strategies aiming for online sales to comprise 8-9% in the next 2 years.

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Shoppers Stop Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net loss ₹16 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

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Frequently Asked Questions

What were Shoppers Stop Ltd Q1 FY27 results?

The business recorded a healthy 10% overall revenue growth and 6% like-for-like growth in Q1 FY27, indicating ongoing expansion. Overall business demonstrated healthy growth with a 10% top line and 6% like-for-like growth in Q1 FY27.

What is Shoppers Stop Ltd share price analysis?

Shoppers Stop Ltd currently shows a below-average growth signal. The stock trades at a P/E of N/A with a market cap of ₹4,002 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shoppers Stop Ltd planning capital expenditure?

Planned opening of 9 to 10 department stores annually as part of expansion strategy (Page 20, 22).

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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.